A landlord and tenant must execute a rent agreement specifying all terms and conditions of the tenancy. To provide legal validity to rent agreements, it must also be registered following the due procedure and … READ FULL STORY
Owners of any residential or non-residential property are required to pay property tax every year to the respective urban local bodies (ULB) in their state. The state government of Andhra Pradesh determines the property … READ FULL STORY
Stamp duty is a direct tax that every state government imposes when there is a sale or transfer of property according to Section 3 of the Indian Stamp Act, 1899. The stamp duty varies … READ FULL STORY
Buying a property is a preferred investment option in India. A property can be owned solely by an individual or co-owned by two or more individuals. People often prefer to purchase a property with … READ FULL STORY
Owners of properties in Delhi, are liable to pay MCD property tax to the Municipal Corporation of Delhi (MCD) every year. The properties include residential buildings, commercial properties, and vacant land. The property taxes … READ FULL STORY
At a time when India is grappling with challenges such as the trade tariff war with the United States of America (USA), the Modi government has introduced GST reforms aimed at easing one of … READ FULL STORY
The Navi Mumbai Municipal Corporation (NMMC) Property Tax has to be paid annually by all Navi Mumbai property owners to the municipal body. In its jurisdiction, the NMMC has around 3.25 lakh (3,25,179) properties … READ FULL STORY
Visakhapatnam is a port city on the southeast coast of India and often called The Jewel of the East Coast. The Greater Visakhapatnam Municipal Corporation (GVMC) covers the erstwhile Visakhapatnam Municipal Corporation (VMC) and … READ FULL STORY
Property tax, a recurring tax imposed by local government authorities on real estate properties owned by individuals or businesses, is calculated based on factors such as the property’s location, size, usage (residential or commercial), … READ FULL STORY
While buying a house in Maharashtra, one has to pay the stamp duty and registration fee to register the property in the government records. This is over and above the cost of the property. … READ FULL STORY
Did you sell a property in FY 2024-25? If yes, you will be impacted by the date July 23, 2024, when filing your income tax return (ITR) in 2025. To know why this date … READ FULL STORY
One of the most important ways to save tax is by claiming House Rent Allowance (HRA). This holds true if your salary falls under Section 10(13A) of the Income Tax Act. After the new … READ FULL STORY
Vapi is a prominent industrial city in Valsad, Gujarat. The Vapi Nagarpalika is responsible for providing civic services and collection of property taxes. The amount collected forms a major portion of the revenue utilised … READ FULL STORY
