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
The term rent includes all charges a tenant pays to his landlord as agreed upon in the rent agreement, the Calcutta High Court has ruled. In an order passed in December 2022, the high … READ FULL STORY
State governments are obligated to inform all parties with an interest in land or property at the time of its acquisition, the Dharwad Bench of the Karnataka High Court (HC) has ruled. While giving … READ FULL STORY
Is a large part of your salary getting deducted in taxes since you stay with your parents or other family members and you are not able to claim HRA (house rent allowance) exemptions? The … READ FULL STORY
Considering the possibility of dispute in long-term and high-value tenancy agreements, most parties insert an arbitration clause in the lease deed to create a secure contract. Once the landlord and the tenant agree to … READ FULL STORY
Gone are the days when landlords and tenants in big cities had to visit notary offices, for drafting rent agreements. Now, with various platforms allowing facilities to create rent agreements online, landlords and … READ FULL STORY
If all goes according to the plan, citizens in Noida will soon be able to register rent agreements entirely online. The move is aimed at simplifying the lease registration for a city where more … READ FULL STORY
Tenants in India need to sign a lease deed with their landlords before entering a flat. While leave and licence agreements are common in the residential real estate space, tenants need to sign a … READ FULL STORY
