Tax precautions while paying rent to close relatives
Suppose you live with a family member and receive HRA as part of your salary package. Did you know that there is a way to save taxes, in case you pay rent to the … READ FULL STORY
Suppose you live with a family member and receive HRA as part of your salary package. Did you know that there is a way to save taxes, in case you pay rent to the … READ FULL STORY
UP Cabinet approves ordinance to regulate rent and tenancy agreements Plans of the Uttar Pradesh government to introduce a tenancy law have firmed up, with the state Cabinet approving the Uttar Pradesh Regulation of … READ FULL STORY
On July 8, 2020, the Ministry of Housing and Urban Affairs confirmed that the Affordable Rental Housing Complexes (ARHC) scheme had received the nod from the union cabinet and would continue as a sub-scheme … READ FULL STORY
To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house … READ FULL STORY
Landlord-tenant disputes can be resolved through arbitration, except when they are covered by specific forum created by rent control laws, the Supreme Court has ruled. Delivering its landmark verdict in the Vidya Drolia and … READ FULL STORY
While it may be thrilling for a tenant to move into a new apartment, the tasks involved in moving from one house to another can be exhausting. To avoid this, it makes sense to … READ FULL STORY
Who would have thought that monthly rent payment can be rewarding? With a number of brands launching app services to facilitate rent payment via Credit Cards, a lot of marketing techniques are being used, … READ FULL STORY
The traditional process of getting your rent agreement, through your landlord, real estate agent, or a service provider, can be quite cumbersome. This involves taking printed copies of the rental agreement and thereafter, a … READ FULL STORY
Although real estate experts predict that the sector will recover from the impact of the Coronavirus pandemic, its short-term effects notwithstanding, they maintain that investors must imbibe suitable changes in planning and execution, to … READ FULL STORY
People who live in rental accommodations, often face disputes on minor things with their landlord. It is, therefore, essential to know what your rights as a tenant are, as well as the rights of … READ FULL STORY
The Budget presented by finance minister Nirmala Sitharaman, on February 1, 2020, has proposed a new tax regime for individuals and HUFs, where they are offered lower rates of tax for different slabs, provided … READ FULL STORY
Home owners often find it difficult, to figure out the right balance between their property’s price and its rental potential. “People often invest in properties, for the regular rental income that they can derive … READ FULL STORY
Sharing a rented house has become a common practice, wherein, two to four people (depending on the number of bedrooms available in the property) live together. There are several obvious advantages of following this … READ FULL STORY