Property tax in Latur is managed by the Latur City Municipal Corporation. The revenue obtained from this tax is allocated towards enhancing infrastructure and civic amenities within the municipal corporation’s jurisdiction. To facilitate easy … READ FULL STORY
Houseowners in Haryana’s Karnal should pay property tax annually. However, new houseowners might have several questions pertaining to the property tax in Karnal. This guide will touch upon every aspect of property tax and … READ FULL STORY
With the growing importance of organic farming, many people consider investing in agricultural land. Moreover, agricultural land is widely seen as a lucrative investment option due to higher returns. Investors can expect capital appreciation … READ FULL STORY
When a property transaction takes place, in addition to the value of the property, there are added charges such as stamp duty and registration charges that one has to pay. What is stamp duty? … READ FULL STORY
The Income Tax Act 1961 includes Section 27 that mentions deemed ownership in case of property transfer to a spouse and the tax obligations. The section aims to assess an individual’s tax obligation even … READ FULL STORY
When one buys a property, the sale consideration is generally paid for, by way of money. However it is not necessary that the consideration for the transfer of a property, should always involve money. … READ FULL STORY
With an aim to increase property ownership among women, the Indian government has put in place several measures to make house purchases more profitable for them. Listed below are some of the monetary benefits … READ FULL STORY
When purchasing a resale flat in India, many homebuyers wonder if they’ll have to bear the same costs as those buying new properties—especially when it comes to stamp duty and registration fees. While resale … READ FULL STORY
Budget planning is integral to property purchase. To do so, finding out the stamp duty and registration fee that the homebuyer is required to pay at the time of registry is quite important. This … READ FULL STORY
Acquiring property stands as a significant milestone in a person’s life. However, it also entails various tax obligations during the buying and selling processes. To avoid potential legal complications, charges and penalties, it’s crucial … READ FULL STORY
The Patna Municipal Corporation (PMC) has extended the deadline to pay property tax by five days, from February 24 to February 29, 2024. Those who fail to pay the property tax within the extended … READ FULL STORY
Waste management is a crucial issue for municipalities all over the world. In India, municipal corporations charge a user fee for street waste management, known as SUC. The purpose of SUC is to encourage … READ FULL STORY
Under the existing law in India, gains arising on transfer of capital assets are charged under capital gains. At the same time, relief is provided under Section 54 to 54GB of the Income Tax … READ FULL STORY
