Municipal bodies can charge property tax from residents only after a building has been issued an occupancy certificate (OC), the Kerala High Court (HC) has ruled. “Without (an) occupancy certificate, the building would not … READ FULL STORY
To calculate the depreciation of an asset, experts turn to two methods of valuation – the Straight Line Method (SLM) and the Written Down Value (WDV) method. Of these, the written down value method … READ FULL STORY
Salaried employees in India can claim tax deductions on the house rent allowance (HRA) component of their monthly salary under Section 10(13A), Rule number 2A of the Income Tax Act. However, to claim this exemption, … READ FULL STORY
Income tax e-filing login is key to filing income tax in India. This guide will explain how to use income tax return login to pay income tax. Details needed for ITR login registration Valid … READ FULL STORY
If you own a house in Warangal, Telangana, you must pay a property tax to the Greater Warangal Municipal Corporation (GWMC). The GWMC is the civic body responsible for the administration of the city. … READ FULL STORY
Those who own properties such as lands, plots or houses in Kerala are required to pay land tax or property tax to the local authority or village office of the concerned area. The land … READ FULL STORY
Under the Indian income tax (IT) laws, a property owner is liable to pay taxes to the government on its sale, based on the holding period and profit earned (known as capital gains). The … READ FULL STORY
When renting a property, tenants have specific responsibilities to fulfil. Of these, a tenant’s most important obligation is the payment of rent to their landlords. The process can become complex if the landlord is … READ FULL STORY
There are numerous ways for senior citizens to make a living. It may come in the form of a pension, savings account interest, rental income, fixed deposit, reverse mortgage or another type of income. … READ FULL STORY
The income tax department on August 18 notified amendments to the income tax rules for valuing perquisites of rent-free or concessional accommodation by employers to employees. What are perquisites and how does this change … READ FULL STORY
August 21, 2023: The Central Board of Direct Taxes (CBDT) on August 18 notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees. The change … READ FULL STORY
August 16, 2023: As per an order issued by J&K Housing and Urban Development Department (HUDD), the last date for payment and collection of property tax in municipal corporations and other municipalities and filing … READ FULL STORY
If a non-resident Indian (NRI) has a source of income in India, such as house rent, dividends, pension, etc., they can manage their funds by opening a Non-Resident Ordinary (NRO) account at any bank. … READ FULL STORY
