Sharing a rented house has become a common practice, wherein, two to four people (depending on the number of bedrooms available in the property) live together. There are several obvious advantages of following this … READ FULL STORY
Gifting is an act, through which a person voluntarily transfers certain rights in an asset to another person, without any consideration. Gifting of a house property, has certain income tax and stamp duty implications. … READ FULL STORY
Almost all the public sector and private banks, offer loans against future rentals. With this facility, home owners can avail of a line of credit, on the basis of future rentals for their house … READ FULL STORY
The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are … READ FULL STORY
When a non-resident Indian (NRI) opts to purchase a property in India, there are several regulations that govern how such a purchase can be financed. Sources, for financing a real estate investment in … READ FULL STORY
A legal question that has been put to test time and again before various courts, is whether the rights of nominees prevail over those of successors, in respect of various subjects of nomination, such … READ FULL STORY
When you buy a home, there several taxes that the purchase has to pay. While stamp duty and registration are one-time charges, the property tax is a recurring charge that the owner has to … READ FULL STORY
Things to check Builder’s experience The first and the most important thing to check while buying a house, is the builder’s construction experience. Generally, every reputed builder has a list of completed, ongoing … READ FULL STORY
People are generally under the impression that one can own any number of properties but one cannot take more than one home loan at a time. This is not true. As there is no … READ FULL STORY
Selling a home requires as much due diligence as buying one, to ensure that there are no disputes and to get the proper return on investment. While legal and taxation aspects are the two … READ FULL STORY
It is advisable for home loan seekers to obtain a credit report, before applying for a large loan, such as a home loan. This report, which provides a person’s credit score, can be obtained … READ FULL STORY
To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house … READ FULL STORY
Raman Kapoor, a home buyer in Noida, has been in a legal battle with his developer for the last five years. His grouse is that there has been a defect in the construction of … READ FULL STORY
