What are capital assets?
In India, gains arising on transfer of capital assets are charged to tax under the head capital gains. The calculation of tax rate is based on the holding period of this asset by the … READ FULL STORY
Taxation
Category: Taxation
Taxation
All you need to know about DLC rate Rajasthan
If you purchased a property in Rajasthan, the next step would be to get the sale deed registered. For this, you will need to pay the stamp duty to the government. Should you pay … READ FULL STORY
Taxation
How to pay property tax in Kolhapur?
Kolhapur is a city in southern Maharashtra with a well-developed social infrastructure. The Kolhapur Municipal Corporation (KMC) is responsible for providing civic services and developing various infrastructure projects. Through its official portal, the Kolhapur … READ FULL STORY
Taxation
Stamp duty and registration charges in Himachal Pradesh in 2024
Purchase of any property worth Rs 100 require mandatory registration under the Registration Act of 1905. States are then empowered to impose taxes in the form of stamp duty and registration fee on such … READ FULL STORY
Property Trends
MCD property tax calculator and online house tax payment in Delhi
 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 … READ FULL STORY
Taxation
How to pay Bhubaneswar property tax?
Property tax, also known as holding tax, applies to both residential and commercial properties in Bhubaneswar. The Bhubaneswar Municipal Corporation (BMC) is responsible for collecting property tax in the city. Since 2022, the corporation … READ FULL STORY
Taxation
What is income tax?
Income tax is a direct tax people and businesses have to pay in a financial year. The income tax is calculated based on the tax slab an individual falls. Here are some other interesting … READ FULL STORY
Analysis
What is standard deduction in income tax?
The Budget 2023-24 has extended the benefit of standard deduction on salary under Section 16 of the Income Tax Act, 1961, to those taxpayers who opt for the new tax regime offered under Section … READ FULL STORY
Legal
TDS on sale of property under Section 194IA
Under Section 194-IA of the income tax law, property buyers in India are obliged to deduct tax at source (TDS) if the property value is more than Rs 50 lakh. On property deals worth … READ FULL STORY
Taxation
How to pay property tax in Ambala online?
Property tax in Ambala serves as a primary revenue source for the Municipal Corporation of Ambala. To facilitate convenient payment, the municipal authority has introduced a user-friendly portal where taxpayers can settle their Ambala … READ FULL STORY
Taxation
How to pay AMC Property Tax?
Owners of properties or plots in Ahmedabad, are liable to pay the Ahmedabad Municipal Corporation Property Tax to the Amdavad Municipal Corporation (AMC) every year. What is Ahmedabad Municipal Corporation (AMC) Property Tax? The … READ FULL STORY
Taxation
How to pay property tax online in Bilaspur, Chhattisgarh?
Property owners in Bilaspur, Chhattisgarh, can pay their property tax online through the official portal of the Chhattisgarh Revenue Department. This guide is meant to help home buyers in Bilaspur, Chhattisgarh, who are not … READ FULL STORY
Taxation
Taxation of jointly owned property
The Income Tax Act has divided tax entities into various categories. All individuals are taxed under the category of an ‘Individual’. However, if more than one people come together to own a building, they … READ FULL STORY
