Budget 2012 –Not Bad!

Not Bad !! I think that about sums up the reactions to the annual light and sound show – The Budget. Given the financial constraints under which the Government was operating, the market was expecting some big taxation measures. The increase in service tax and excise duty from 10% to 12% was more or less […]

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Living-In? Can They Have a Joint Home Loan?

A conversation in 7:12 Ladies Special aroused my curiosity (though eavesdrop is not the done thing but couldn’t help the jam packed compartment) as it revolved around buying a flat. Nothing unusual in two friends discussing it. I figured out that one them was a banker with whom the other lady was trying to know […]

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Excess Interest Carry Forward?

Hi , I paid following interest in years mentioned below . Financial Year EMI Interest Component (Rs) 2007- 2008 1,80,000 2008- 2009 2,25,000 2009- 2010 1,75,000 2010- 2011 1,10,000 2011- 2012 75,000 Can i carry forward excess (above 1.5L)interest paid to year 2011 -2012 , same way we do for pre-emi , i got the […]

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