The Pimpri Chinchwad Municipal Corporation (PCMC) is the municipal body that covers Pimpri, Chinchwad, Akurdi, Nigdi and the north-western part of Pune city. The PCMC looks after the functioning of the areas in this … READ FULL STORY
Owners of properties in Kolkata, are liable to pay the Kolkata Municipal Corporation (KMC) Property Tax every year. The municipality uses the funds collected as KMC Kolkata Property Tax, to provide important civic facilities … READ FULL STORY
One of the most commonly used legal tool to transfer ownership of property is the gift deed. This is done because it is tax-efficient as compared to other options available. However, one should be … READ FULL STORY
The House Rent Allowance (HRA) is an integral part of most people’s salary. Under Rule 2A of the Income Tax Rules (ITR) 1962, this salary component is not fully taxable if a person is … READ FULL STORY
While transferring ownership of property in India, the buyer must pay stamp duty and registration fee to register the new owner’s name in official records. Payment of stamp duty is compulsory even when the … READ FULL STORY
While investing in an under-construction project, of the many important details that a home-buyer should be aware of the Goods and Services Taxes (GST) that is levied. This is a tax that the home-buyer … READ FULL STORY
An important aspect of a property transaction in Rajasthan is the payment of stamp duty and registration charges. This is controlled by Rajasthan Stamp Act of 1908 and is calculated as a percentage of … READ FULL STORY
Why rent to a non-profit? Legally stated, a non-profit organisation, also known as a not-for-profit organisation or charity, is a legal entity that does not generate profits for its members or owners, instead using … READ FULL STORY
The Delhi government levies stamp duty on property transactions, making it a significant source of revenue for the state. Under the Delhi Stamp Act, buyers must pay stamp duty and registration charges to legally … READ FULL STORY
Suppose you are looking at selling your ancestral property or buying a piece of land or an apartment, the first question that will demand an answer is what the value of the property is. … READ FULL STORY
Property owners in Chennai have to pay an annual property tax, irrespective of self-occupancy or renting out to a tenant and residence type. The Chennai Property Tax is collected by the Greater Chennai Corporation … READ FULL STORY
When investing in property, individuals are required to pay taxes. However, the property sector also offers tax deduction benefits that can be advantageous to many. For example, while individuals can take advantage of home … READ FULL STORY
The Inspector General of Registration (IGR) Revenue & Disaster Management Department, Government of Odisha, is the authority that manages property registrations and levies stamp duty in the state. Stamp duty refers to the tax … READ FULL STORY
