Types of property
How is a property legally defined in India? What are its various types? This guide will discuss all aspects of a property. What is property? Section 2(c) of the Benami Transactions (Prohibition) Act, … READ FULL STORY
How is a property legally defined in India? What are its various types? This guide will discuss all aspects of a property. What is property? Section 2(c) of the Benami Transactions (Prohibition) Act, … READ FULL STORY
Under the income tax law in India, there are five ways to assess income tax liability. In this guide, we explore each of these in detail. Self-assessment under Section 139 When tax is … READ FULL STORY
January 30, 2024: Union minister of civil aviation and steel Jyotiraditya M Scindia today virtually inaugurated a UDAN flight connecting Dehradun and Pithoragarh from New Delhi. Chief minister of Uttarakhand Pushkar Singh Dhami also joined … READ FULL STORY
Property tax is imposed by local bodies annually in India on the house ownership. With most local bodies bringing the payment system online, payment of property tax has become convenient. This guide explains the … READ FULL STORY
In agriculture-based economy, such as India, one has to put in intensive effort to increase the productivity through legal and operational interventions from time-to-time. Apart from technological interventions, institutional changes have been made from … READ FULL STORY
Payment of property tax is mandatory for all property owners in Ghaziabad. To enable easy payment of tax, the Ghaziabad Municipal Corporation (GMC) has put in place an online mechanism. Using the official website, … READ FULL STORY
Understanding income tax may feel daunting; however, knowing its various types would help understand the various ways in which your income can be taxed in India. Types of taxes in India India has … READ FULL STORY
A taxpayer in India has to pay taxes under five heads of income, including income from house property. A person who legally qualifies to be the property owner is liable to pay taxes under … READ FULL STORY
Under the income tax laws in India, salary is taxed either on a due basis, or a receipt basis, whichever is earlier. But, on certain payments made in the current year that were due … READ FULL STORY
To claim tax deductions against the house tax allowance component of your salary, you are required to submit proofs by way of rent receipts and rent agreements. However, it is a common practice in … READ FULL STORY
Betting big on prospects of Ayodhya, the old city in Uttar Pradesh with huge significance in the Hindu culture as the birthplace of Lord Ram, several real estate developers in the country are planning … READ FULL STORY
Real estate investments have become lucrative in recent years, igniting renewed interest among buyers and investors. However, would a buyer investing in a second home be able to enjoy the same tax benefits as … READ FULL STORY
State Bank of India (SBI) is one of the most trusted public lenders in the country for home loans. It is a favourite among women borrowers because of the special benefits it offers to … READ FULL STORY