It is important to do your homework well, before you apply for a home loan. There are many reasons due to which a loan application can be rejected by a bank. Also, you may … READ FULL STORY
The Supreme Court (SC) of India recently provided a big relief to cooperative societies (societies), by dismissing the claim of the income tax authorities on levy of tax on various receipts (for example, non-occupancy … READ FULL STORY
The income tax laws provide various heads of income, for taxation, depending on the nature of activities carried out by you. One particular income may be taxed under the head ‘Profits and Gains of … READ FULL STORY
When you buy a house through a home loan, lenders take into account your current income and accordingly, sanction the home loan, based on your eligibility at that point of time. With increase in … READ FULL STORY
When you enter into an agreement to buy a property, you have to pay stamp duty to the government. The amount of stamp duty is generally based on the value of the property mentioned in … READ FULL STORY
Home loans have become an invaluable tool, for most people looking to buy a home. However, the process can turn into a nightmare, if the borrower commits certain mistakes while applying for the loan. … READ FULL STORY
The Law Commission issued a consultation paper on the ‘Reform of Family Laws’, on August 31, 2018. In it, the Law Commission has recommended for the abolition of the Hindu Undivided Family (HUF) as … READ FULL STORY
In India, most home owners do not bother to insure their homes, even though it is often the biggest asset that one can own. Neeraj Prakash, managing director of Shriram General Insurance Co Ltd, … 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
A divorce between a couple, not only terminates the legal relationship between the couple, but it also requires that the property that is shared by the spouses be divided. Upon divorce, the couple is … READ FULL STORY
While opting for a home loan, lenders will not sanction a loan for the entire cost of the house. Moreover, as per the RBI’s directions, lenders are not allowed to take into account the … READ FULL STORY
As per the provisions of the Maharashtra Cooperative Societies Act 1960, cooperative housing societies in the state have to invest their surplus funds that are not required. Also, the rules covering the products in … READ FULL STORY
With the increasing aspirations of the young generation, along with astronomical prices of houses, most home buyers today, seek to avail of home loans to fund their property purchase. However, there are various factors, … READ FULL STORY
