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In the digital age, staying connected with your bank is crucial for effective financial management. Canara Bank offers a range of services that allow you to stay updated on your account activities through SMS alerts and missed call services. However, to use these features, you need to have your mobile number registered with the bank. This article will guide you through the process of registering your mobile number with Canara Bank , enabling you to receive instant notifications and access key banking services with ease. Why Registering Your Mobile Number is Important Before we dive into the steps, let’s explore why it’s important to register your mobile number with Canara Bank: Instant Alerts: Receive SMS notifications for every transaction, ensuring you are always informed about your account activities. Easy Access to Services: With your mobile number registered, you can easily check your account balance , mini statements, and more via missed calls and SMS. Enhanced Security: Regul...

Loans against property (LAP) have become increasingly popular due to their lower interest rates and higher loan amounts compared to unsecured loans. While the financial advantages are clear, many borrowers wonder about the potential tax benefits. This article explores the tax implications of loans against property, outlining when and how you can claim tax deductions, and what factors to consider. Understanding Loans Against Property:  A loan against property is a secured loan where the borrower pledges their property as collateral. These loans can be used for various purposes, including business expansion, education, debt consolidation, or personal needs. The versatility of LAPs makes them attractive, but it also affects their tax treatment. Tax Benefits on Loan Against Property:  The Basic Principle The key factor in determining tax benefits for a loan against property is the purpose for which the loan is used. The Indian Income Tax Act allows deductions on interest paid fo...