Under Section 80EEA of the Income Tax Act in India, first-time homebuyers investing in affordable property with the help of a home loans get Rs 1.50 lakh tax deductions on home loan interest payment. … READ FULL STORY
Chennai Property Tax 2024: Sotthu vari Residents of Chennai can easily pay their ‘sotthu vari’ or Property tax Chennai online. They also have the option to make the payment of Chennai property tax offline. … READ FULL STORY
For property exchange in Indian, the buyer must pay stamp duty and registration fee to register the change of ownership in official records. Property gifting is no exception to this rule. Depending on the state … READ FULL STORY
House rent allowance (HRA) is an integral part of most people’s salary. This salary component is not entirely taxable as salaried individuals are allowed the lowest of the following amounts as tax deductions under … READ FULL STORY
Gifting of a house property in India has certain income tax and stamp duty implications. Stamp duty on gift deeds in India varies from state to state. Stamp duty on gift deeds can vary … READ FULL STORY
 Homebuyers in Uttar Pradesh (UP) must pay government-determined stamp duty and registration fee at the time of property registration in the state. This guide helps you know the applicable stamp duty and registration fee … READ FULL STORY
NMMC property tax is that tax that Navi Mumbai property owners have to pay every year to NMMC. NMMC stands for Navi Mumbai Municipal Corporation (NMMC) and can be reached on www.nmmc.gov.in. For the … READ FULL STORY
The Bareilly Municipal Corporation, commonly known as Bareilly Nagar Nigam (BNN), oversees the collection of house tax in Bareilly. Recently, the corporation introduced a user-friendly portal for streamlining the house tax payment process in … READ FULL STORY
The Centre on March 11, 2024, decided to increase the tax exemption limit on gratuity. The government has increased the tax exemption limit on gratuity to Rs 25 lakh from earlier 20 lakh. Earlier, … READ FULL STORY
Shimla, the capital of Himachal Pradesh, is emerging as a preferred real estate destination. The Municipal Corporation of Shimla is responsible for delivering various civic services and developing the city’s infrastructure. The civic authority … READ FULL STORY
The Khammam Municipal Corporation (KMC) oversees property tax matters in Khammam, Telangana. To streamline the payment process, the corporation has introduced a user-friendly portal. Property owners can conveniently calculate and settle their property tax … READ FULL STORY
The Nizamabad Municipal Corporation (NMC) oversees the administration of property tax in Nizamabad. To streamline the process of property tax payment, the corporation has introduced a user-friendly portal. Through this portal, residents can accurately … READ FULL STORY
Owners of residential, commercial, industrial properties in Mahabubnagar, Telangana should pay the property tax every year. The Mahabubnagar Municipality is the local body that collects property tax. The government offers rebates on paying property … READ FULL STORY
