Countries designated electoral democracies in Freedom House's 2016 survey Freedom in the World, covering the year 2016. Representative democracy (also indirect democracy, representative republic, or psephocracy) is a type of democracy founded on the principle of elected officials representing a group of people, as opposed to direct democracy.
3. Deduct the points over the life of the loan if you cannot meet all of the requirements to deduct them immediately. If your loan is for 30 years then you can deduct 1/30th of the points each year on your taxes.Typically you must deduct the points on a refinance mortgage over the life of the loan unless part of the refinance proceeds are used to improve the main home.. Deduct the points over the life of the loan if you cannot meet all of the requirements to deduct them immediately. If your loan is for 30 years then you can deduct 1/30th of the points each year on your taxes.
The tax deduction is available not only for the purchase or construction of a house, but also for loans taken for the purpose of repairs and renovation of the house. Such loans are typically called âhome improvement loansâ. The interest paid on the home improvement loan is tax deductible up to Rs 30,000 per annum. Home improvement loans have been introduced by quite a few banks for repairs and renovation such as internal and external repairing, waterproofing and roofing, complete interior renovation, tiling and flooring, etc.