Taxation

If you have any questions about the taxation benefits and implications of the HomeCapital Program

General

  • Will there be any effect on my capital gains tax if I decide to sell off my property bought through the HomeCapital Home Down Payment Assistance Program?
  • Will I get any additional income tax benefits on buying with the HomeCapital Home Down Payment Assistance Program?
  • Will the HomeCapital Home Down Payment Assistance Program impact my income tax benefits under Section 80C, Section 80EE and Section 24?

Will there be any effect on my capital gains tax if I decide to sell off my property bought through the HomeCapital Home Down Payment Assistance Program?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=8' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-43-gFqYovWOMm' data-post_id='43'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/will-there-be-any-effect-on-my-capital-gains-tax-if-i-decide-to-sell-off-my-property-brought-through-the-homecapital-home-down-payment-assistance-program/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Will there be any effect on my capital gains tax if I decide to sell off my property bought through the HomeCapital Home Down Payment Assistance Program? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>No, long &#8211; term and short &#8211; term capital gains tax would be applicable on selling the property in the same way as you have bought the property on your own.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Will I get any additional income tax benefits on buying with the HomeCapital Home Down Payment Assistance Program?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=8' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-42-JE8xEzpeSQ' data-post_id='42'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/will-i-get-any-additional-income-tax-benefits-on-buying-with-the-homecapital-home-down-payment-assistance-program/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Will I get any additional income tax benefits on buying with the HomeCapital Home Down Payment Assistance Program? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>No, you will not get any additional income tax benefits on buying a property with the HomeCapital Home Down Payment Assistance Program. The principal repayment to HomeCapital cannot be claimed under any tax deduction sections.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>

Will the HomeCapital Home Down Payment Assistance Program impact my income tax benefits under Section 80C, Section 80EE and Section 24?

<div class="ewd-ufaq-faq-list ewd-ufaq-page-type-load_more" id='ewd-ufaq-faq-list'> <input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' /> <input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' /> <input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' /> <input type='hidden' name='order' value='desc' id='ewd-ufaq-order' /> <input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' /> <input type='hidden' name='current_url' value='/wp-json/wp/v2/ufaq/?post_type=ufaq&amp;ufaq-category=8' id='ewd-ufaq-current-url' /> <div class='ewd-ufaq-faqs'> <div class="ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default" id='ewd-ufaq-post-41-K8REUTnVSX' data-post_id='41'> <div class='ewd-ufaq-faq-title '> <a class='ewd-ufaq-post-margin' href='https://cms.homecapital.in/ufaqs/will-the-homecapital-home-down-payment-assistance-program-impact-my-income-tax-benefits-under-section-80c-section-80ee-and-section-24/'> <div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'> <span >A</span> </div> <div class='ewd-ufaq-faq-title-text'> <h4> Will the HomeCapital Home Down Payment Assistance Program impact my income tax benefits under Section 80C, Section 80EE and Section 24? </h4> </div> <div class='ewd-ufaq-clear'></div> </a> </div> <div class='ewd-ufaq-faq-body ' > <div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'> <p>No, the HomeCapital Home Down Payment Assistance Program does not affect your eligibility for income tax benefits under Section 80C, Section 80EE and Section 24 in any way. You will continue to get income tax benefits in the same way as you purchase the property on your own.<br></p> </div> <div class='ewd-ufaq-faq-custom-fields'> </div> </div> </div> </div> </div>