IS IT A WISE DECISION TO TAKE LOAN FROM BANK AND TO PURCHASE A LAND OR HOUSE?
looking at the present trend buying a propertyon loanhas is advantages with the increase in house property prices it is better to buy taking a loan you create an asset the interest on loan repaid during the year can be taken as loss from house property and adj against other income the principal amount of the emi of the year avilable for deduction u/s 80C of the income tax act if you are capable of paying the instalments it is wise to take a loan and purchase house or land .
