SECOND TIME'S A CHARM
Sep 02 2017 : The Times of India (Pune) Real estate has always been a safe and risk-free investment option. If you have saved enough money, invest in a second home and get handsome returns in the future Tax breaks: If you invest in a second home, there are multiple tax benefits that you can avail of. One of the major advantages is the interest payment benefits that you are claiming for your first home.However, in the General Budget for 2017-18, the union government decided to cap tax benefits on the purchase of a second home.This may deter people to use real estate as an instrument to save tax.Till now, if one bought a second house by taking a loan, the interest of the loan was treated as an expenditure to acquire the asset.Therefore, the entire interest payment, minus the rental income from the property, could be deducted from the buyer's gross earnings.Safe retreat: Developers are offering retirement homes with guaranteed rental income. The