Tax on rental income and applicable deductions
Renting out a property to a tenant allows the owner to earn a monthly rent. Under the income tax laws in India, this rent is counted as income and the landlord is liable to … READ FULL STORY
Renting out a property to a tenant allows the owner to earn a monthly rent. Under the income tax laws in India, this rent is counted as income and the landlord is liable to … READ FULL STORY
Diwali festivities, or any other festivities for that matter, are incomplete without Rangoli – the colourful display of aesthetically heightening and visually pleasing floor art that has been an integral part of the Indian … READ FULL STORY
India’s hardworking middle class will not have to pay any tax if their annual income is up to Rs 7.5 lakh, the Union Budget 2024-25 has proposed under the new tax regime prescribed as … READ FULL STORY
July 22, 2024: Housing supply hit a peak last year, and continues to maintain a robust momentum in 2024, the government’s Economic Survey 2023-24 released today said. While stating that households have also been at … READ FULL STORY
Purchase of any property worth Rs 100 require mandatory registration under the Registration Act of 1905. States are then empowered to impose taxes in the form of stamp duty and registration fee on such … READ FULL STORY
Barring agricultural land, one is free to purchase properties in the municipal areas of J&K, even if one is not a domicile of that state. The move follows the withdrawal of J&K’s special status … READ FULL STORY
October 13, 2022: In a move that would make purchases costlier for mid-segment home buyers in Goa, the Union Territory government has increased the stamp duty for properties worth over Rs 50 lakh and … READ FULL STORY
Registration of sale deed is mandatory under the Indian Registration Act, 1908. Only a registered sale deed acts as a legal proof of a buyer’s ownership over a property/land. As is true of home … READ FULL STORY
Stamp duty is the charge that buyers in India have to pay at the time of property registration. A state levy, stamp duty rates are different from state to state. Along with the stamp … READ FULL STORY
The Registration Act, 1908, makes it mandatory for the buyer to register a property. For this, property buyers in the city have to pay the Gurgaon stamp duty and registration charges on property registration. … READ FULL STORY
Homebuyers have to pay a certain percentage of the property’s value as stamp duty to get it registered in the government’s records. They also have to pay 1% of the property value as the … READ FULL STORY
The stamp duty and registration charge in north-eastern state of Assam, are much higher than that in most other Indian states. Discussed in this article is the amount that you will have to pay … READ FULL STORY
Apart from the property’s cost, those looking to buy properties in Jaipur also have to pay a substantial amount as stamp duty and registration charges in Jaipur to get the title of the property … READ FULL STORY