How to register property online in Kolkata
The West Bengal government has started an online portal for property registrations and stamp duty payment. Here is a step-by-step process for registering property online in Kolkata
Property Trends
Category: Taxation
Taxation
Completion of construction and its importance under income tax laws
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
Must Knows
Are you taking a property on rent or buying it from a resident, know the TDS provisions
The government wants to collect its revenue at the earliest occasion. One of the methods deployed by the income tax department is to require the payer of the income to deduct tax at some … READ FULL STORY
Property Trends
Top questions asked about GST on real estate
Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY
Taxation
Lower GST rates on under-construction properties: Hype versus facts
The GST Council, at its meeting on February 24, 2019, reduced the Goods and Services Tax (GST) rate on under construction properties from 12 per cent with an input tax credit (ITC) to 5 … READ FULL STORY
Taxation
Will the reduction in GST rates for real estate, make properties cheaper or more expensive?
The Goods and Services Tax (GST) Council in its meeting held on February 24, 2019, has taken a decision to reduce the GST rate on under construction properties, with effect from April 1, 2019. … READ FULL STORY
Property Trends
Lower GST rates may benefit the industry more than buyers
The proposal of the GST Council, to reduce the Goods and Services Tax (GST) rate on under-construction properties, will likely have mixed implications for the sector, with consumers for high-price inventory (such as Mumbai … READ FULL STORY
Home Loans
Why the recent reduction in repo rate by the RBI will not result in a reduction in home loan rates
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
Property Trends
Budget 2019’s capital gains proposals can boost the property market
The sale of immovable property, which is held by an individual for more than 24 months, attracts long-term capital gains (LTCG) tax of 20 per cent on the profit (net consideration minus expenses incurred … READ FULL STORY
Taxation
Long term capital gains tax: Exemption on buying multiple houses
The Indian tax laws allow an individual or an HUF to claim exemption on long-term capital gains (LTCG) tax, under Section 54, arising on sale of a residential property, if the indexed LTCG are … READ FULL STORY
Taxation
Is GST applicable on flats booked before the introduction of GST?
Update on February 24, 2019: To boost demand in the real estate sector, the GST Council, on February 24, 2019, slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per … READ FULL STORY
Taxation
Capital gains computation for encroached/litigated properties
Capital gains under the income tax laws, are computed by deducting the cost of acquisition of the property from sale consideration of the same. Depending on the holding period of the property, one is … READ FULL STORY
Property Trends
GST on real estate maintains status quo
Here’s a Utopian vision: the government would announce a Goods and Services Tax (GST) rate cut, home buyers would cheer up since prices would reduce marginally and the market revives. Really? The biggest paradox … READ FULL STORY
