A shop rental contract is a standard contract to rent commercial space between a landlord and a tenant. If the renter intends to conduct business on the landlord’s property, this agreement enables both parties … READ FULL STORY
The income earned by individuals from renting a property is subject to taxation if it exceeds a specified amount. The provisions of Section 194-1 of the Income Tax Act, 1961, mention the tax deducted … READ FULL STORY
Real estate investment primarily serves two purposes for most people: to have a place to live or to earn rental income. If you rent your property, you likely expect steady income or help covering … READ FULL STORY
Managing a rental property requires time, effort and finances for its maintenance. With online portals such as Housing.com, one can find reliable tenants and also get services such as online rent agreement, online … READ FULL STORY
When renting a property, tenants have specific responsibilities to fulfil. Of these, a tenant’s most important obligation is the payment of rent to their landlords. The process can become complex if the landlord is … READ FULL STORY
July 24, 2023: There is no single litmus test to differentiate between a lease and a licence agreement, the Kerala High Court has said. The intentions of the parties involved and the surrounding circumstances … READ FULL STORY
Not many new tenants might be aware of the difference between lease and rent until their new situation forces them to understand the lease vs rent riddle. Although the two terms – lease and … READ FULL STORY
You can lower your income tax liability by claiming exemption on the house rent allowance (HRA) you receive as part of your salary even if you pay rent to your spouse. In fact, The … READ FULL STORY
The annual salary an employee gets from his employer is divided into various components. The component that is paid for renting an accommodation is known as the House Rent Allowance or HRA. HRA is … READ FULL STORY
Finding the appropriate place to rent is often a challenge, especially for unmarried people across India. When looking for rental housing, they frequently face discrimination, prejudice and restrictions due to their marital status. However, … READ FULL STORY
Rent received by flat owners who give up their property for redevelopment would qualify as capital receipt, and would not be taxable, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled. … READ FULL STORY
Under Section 30 of the Uttar Pradesh Urban Buildings (Regulation of Letting, Rent and Eviction) Act, 1972, a tenant can deposit rent in court in case the landlord refuses to accept it, the Supreme … READ FULL STORY
Salaried individuals in India are asked by their employers to give proof of previously declared investments before they go for tax deduction from their salaries. If you are living on rent and house rent … READ FULL STORY
