Partial agricultural income, as the name implies, refers to income that extends beyond cultivation activities. As it isn’t solely reliant on cultivation, it diverges from the taxation norms applied to pure agricultural income. In … READ FULL STORY
If you are purchasing a property in Madhya Pradesh, then stamp duty and registration charges in MP are the additional costs you must consider. These charges are fixed by the government based on the … READ FULL STORY
Leave encashment is a workplace benefit that allows employees to convert their accumulated unused leave into monetary compensation. This practice provides a flexible approach to employee benefits and serves as a financial support system … READ FULL STORY
The Finance Act, 2002, introduced Section 50C with effect from April 1, 2003. This section was applicable for computing capital gains in real estate transactions in the hands of seller of such land, or … READ FULL STORY
For taxpayers, computing gains from the sale of assets can be a challenging endeavor. If you are contemplating selling your property within a year of acquiring it and are uncertain about its potential tax … 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
Those having a property in Kakinada, a city in Andhra Pradesh, must pay property tax to the local authority. The Commissioner & Director of Municipal Administration of the Government of Andhra Pradesh (CDMA) is … READ FULL STORY
Chandigarh, the capital of Punjab and Haryana, is one of the sought-after Tier-2 cities for property investment. Those owning a residential or commercial property in the city must pay the Municipal Corporation Chandigarh (MCC) … READ FULL STORY
Property owners in Belagavi, previously Belgaum, have to pay an annual tax to the local municipal body for the upkeep and maintenance of the area and utilities. This tax can be paid online on … READ FULL STORY
Effective from April 1, 2020, the Finance Act, 2019 added the Seventh Proviso to Section 139(1) of Income Tax (I-T) Act, 1961. Under this act, certain individuals have to necessarily file Income Tax Return … READ FULL STORY
Property owners in Amritsar should pay an annual property tax to the Amritsar Municipal Corporation (AMC). Following are the rates at which property tax is charged in Amritsar, Punjab: Property tax rate in … READ FULL STORY
Property tax is levied on property owners by the local municipal bodies annually. A major source of revenue for the government, this is a compulsory tax to be paid by all property holders. The … READ FULL STORY
Property buyers in West Bengal must pay stamp duty and registration charges to the state revenue department to get a property transferred in their name. This guide will help you understand how much money … READ FULL STORY
