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
The Indian tax system can often feel complex, with multiple laws and exemptions and a clear understanding of these can make a significant difference in one’s earnings. This is especially true in the case … READ FULL STORY
Real estate is one of the preferred investment options in India for Non-Resident Indians (NRIs). Owning a residential or commercial property in a bustling metro city locality fetches attractive rental yields for a property … READ FULL STORY
Those who own properties in Ayodhya should pay the Nagar Nigam Ayodhya property tax every year. This can be easily done by visiting the Nagar Nigam Ayodhya online portal and entering property details. Paying … READ FULL STORY
Under India’s income tax laws, salaried as well as self-employed individuals can claim deductions against house rent payment under several sections, including Section 80GG and Section 10 (13A). This section is useful for people … READ FULL STORY
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 … READ FULL STORY
When you buy a property, the legal change in ownership takes place after property registration. Several laws come into picture in this highly complex legal procedure. This makes it of utmost importance to have … READ FULL STORY
The Goods and Services Tax (GST) Act was implemented in 2017. With this, came changes in the taxation of the rental income. The GST law in India treats renting of commercial as well as … READ FULL STORY
Property tax is an annual tax that all property owners have to pay. This has to be paid to the local municipal body. A major source of revenue, this money is used for the … READ FULL STORY
When purchasing a property in India, understanding tax implications is crucial. One key aspect is Tax Deducted at Source (TDS), a mechanism aimed at ensuring timely tax collection on high-value transactions. Applicable under specific … READ FULL STORY
When you invest in a property – be it a flat, an apartment, a villa, second home or even land, it is mandatory that it is registered with the government records. A home buyer … READ FULL STORY
Purchasing a property is a major financial decision that requires thoughtful budget planning. Of the many expenses involved in the purchase, stamp duty is a significant expense that impacts the total cost of property … READ FULL STORY
Buying a home is a significant milestone in life but comes with numerous financial obligations beyond the property’s price. Many buyers focus primarily on the sale price and their EMI calculations, often overlooking significant … READ FULL STORY
