Joint owners of a property will be liable to pay equal amount of tax on the income made from house property if the registered sale deed does not clearly qualify their share in the … READ FULL STORY
Property registration is the final process of establishing legal rights on the property, including land, apartments, buildings, and more. In India, regulations for this procedure are provided under the Registration Act of 1908, which … READ FULL STORY
The Madras High Court (HC) on February 14, 2023, declared invalid a newly inserted legal provision in registration rules that empowers sub-registrar’s in Tamil Nadu to refuse registration of deeds for mortgaged or attached … READ FULL STORY
Since the real estate law has been implemented in various states in India, close to one lakh projects and 71,514 agents have been registered to date while over 1 lakh cases of consumer disputes … READ FULL STORY
The Budget 2023-24 has extended the benefit of the standard deduction provided under Section 16 of the income tax act to the new tax regime also. “My proposal is for the salaried class and … READ FULL STORY
Established in January 1941, the Income Tax Appellate Tribunal is a quasi-judicial organisation that handles appeals involving the Direct Taxes Acts. The decisions made by the ITAT are final. The High Court may hear … READ FULL STORY
Builders can’t deny homebuyers refund for delayed projects citing payment defaults by the consumer, the Supreme Court has ruled. The apex court order comes as a major relief for harrowed homebuyers who often stop … READ FULL STORY
Lenders have transferred the entire Rs 9,234-crore Jaypee Infratech loan to newly constituted National Asset Reconstruction Company (NARCL), The Economic Times reported. This is the maiden acquisition by the government-promoted bad loan bank that … READ FULL STORY
Prime Minister Narendra Modi visited the Malkhed village of Kalaburagi district in Karnataka, on January 19, 2023, where he distributed hakku patras to the over 5,000 eligible beneficiaries of these newly declared revenue villages. … READ FULL STORY
The Haryana Real Estate Regulatory Authority (Haryana RERA) should charge the same registration fee from individuals and sole proprietorship firms for real estate agent registrations and renewals, the Punjab and Haryana High Court said … READ FULL STORY
The term rent includes all charges a tenant pays to his landlord as agreed upon in the rent agreement, the Calcutta High Court has ruled. In an order passed in December 2022, the high … READ FULL STORY
State governments are obligated to inform all parties with an interest in land or property at the time of its acquisition, the Dharwad Bench of the Karnataka High Court (HC) has ruled. While giving … READ FULL STORY
Is a large part of your salary getting deducted in taxes since you stay with your parents or other family members and you are not able to claim HRA (house rent allowance) exemptions? The … READ FULL STORY
