There are many jargons that you will encounter while dealing in real estate. One such is the Tax Deducted at Source (TDS) on sale of property. Listed under section 194-IA of Income Tax Act, … READ FULL STORY
In any lending transaction, the borrower is required to pay back the money at a specified time. In such cases, a promissory note plays a crucial role. Promissory notes have been used widely in … READ FULL STORY
The Bruhat Bengaluru Mahanagara Palike (BBMP), also known as the Greater Bangalore Municipal Body, serves as the administrative authority overseeing the civic and infrastructural facets of Bangalore, India. As the fourth-largest Municipal Corporation in … READ FULL STORY
An anticipatory income tax statement is a crucial financial document that provides a comprehensive overview of an individual or business entity’s expected income and tax liabilities for a specific period, typically in advance of … READ FULL STORY
In case you earn a taxable income under Income from Other Sources, the income tax law in India provides you with an option to claim deductions against certain expenses. Section 57 of the I-T … READ FULL STORY
One of the common issues faced by most of the people living abroad is double taxation. In case of dual income, people have to pay taxes in the country they reside and native country, … READ FULL STORY
CCU, also known as Kolkata Airport, is a well-known international airport in West Bengal. It’s a major hub for flights in eastern and northeastern India. Formerly called Dum Dum Airport, it was renamed in … READ FULL STORY
The Goods and Services Tax (GST) tax system began operating on July 1, 2017, and is governed by the GST Council of India. It introduces a significant amount of change to the indirect tax … READ FULL STORY
Commonly known as Nagpur Airport, Dr Babasaheb Ambedkar International Airport is located in Sonegaon in Nagpur. This airport is one of the many international airports in the state of Maharashtra, alongside Mumbai, Pune, Nashik … READ FULL STORY
According to Section 54EC, taxpayers are free from paying taxes on long-term capital gains. Any capital gains produced from the sale of immovable property in possession for 2 years or more are eligible for … READ FULL STORY
In India, tax deductions are available against home loan principal as well as home loan interest payments under different sections of the income tax law. Section 24B is among the multiple provisions in the … READ FULL STORY
If you are planning to buy a property or take out a mortgage, it is important to understand the different types of mortgages available to you. Two common types of mortgages are registered and … READ FULL STORY
Home loans are a convenient way to help you buy your dream home, however one should repay the amount as soon as possible. Such loans impact your savings and lifestyle, so it is advisable … READ FULL STORY
