When buying a house, one of the most commonly used means by homebuyers to fund the investment is to avail home loans. While doing that, do homebuyers actually know of the tax implication on … READ FULL STORY
At a time when India is grappling with challenges such as the trade tariff war with the United States of America (USA), the Modi government has introduced GST reforms aimed at easing one of … READ FULL STORY
For an increasing number of Indians, especially young working professionals, buying a property is becoming a preferred investment option. Real estate purchases provide various tax advantages to buyers. At the same time, there are … READ FULL STORY
Of the many taxes that home buyers have to pay to the government is the Goods and Services Tax (GST). In the last few years, there have been changes made to the GST regime … READ FULL STORY
The Goods and Services Tax (GST) Act was implemented in 2017. With this, came changes in the taxation of the rental income. The GST law in India treats renting of commercial as well as … READ FULL STORY
GST, short for Goods and Services Tax, is an indirect tax imposed in India on the supply of goods and services. A value-added tax, GST is imposed at each stage of the supply chain … READ FULL STORY
When purchasing a resale flat in India, many homebuyers wonder if they’ll have to bear the same costs as those buying new properties—especially when it comes to stamp duty and registration fees. While resale … READ FULL STORY
Property deals may sometimes be abandoned halfway after certain advance payments, like token money, have been made. The deal may be cancelled by either the seller or the buyer for a variety of reason. … READ FULL STORY
E way bill is an electronically generated challan needed for transport of goods from one place to another within India. Users can generate an online copy of this document using the e way bill … READ FULL STORY
To subsume almost all indirect taxes in India, except for a few state taxes, the government in 2017 launched the Goods and Services Tax (GST) regime that is in line with globally-accepted tax regimens. … READ FULL STORY
GST types There are three types of taxes under the GST against which tax payers can take credit. Check out our guide on GST search and GST verification CGST The centre … READ FULL STORY
The recent changes in GST have created ripples across consumer segments. While rates have been revised for certain articles, many items, which were earlier outside the list, were brought under GST. Two newly-included items … READ FULL STORY
Ramneek Patel, an MNC executive in Gurgaon, lives in a company-leased accommodation, for which his employer deducts Rs 40,000 per month for the rented apartment. Now that the Goods and Services Tax (GST) has … READ FULL STORY
