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
Prior to every Union Budget, real estate stakeholders get into a huddle to set the narrative that could influence the fiscal policy. They are conscious of the fact that the business of real estate … READ FULL STORY
Like all sorts of income, profits made by way of business activities are taxed under the income tax laws in India. As is true of all incomes, the tax payer also enjoys a variety … READ FULL STORY
Investors always consider returns and yield, before investing in any instrument. However, there is one more thing which has equal importance, when it comes to making the financial decision. It is called holding period. … READ FULL STORY
There is considerable confusion over the taxes applicable on the sale of an inherited property. While many think that the money received on sale of an inherited house is fully tax exempt, others feel … READ FULL STORY
A holding period of 24 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains on property sale. Long-term capital gains give a property seller the … READ FULL STORY
The profits arising from the sale of a residential house property, which has a holding period of more than 24 months, are termed as long-term capital gains and are taxed at the rate of … READ FULL STORY
In order to provide an impetus to the ‘Housing for All by 2022’ mission, the finance minister has proposed an additional tax benefit of Rs 1.5 lakhs, with respect to the home loan taken … READ FULL STORY
‘Capital gains’ is one of the income heads, under the Indian tax laws. Any profit from the sale of a capital asset, is taxed under the head ‘capital gains’. Holding period as the basis … READ FULL STORY
Capital gains under the income tax laws, are computed by deducting the cost of acquisition of the property from sale consideration of the same. Depending on the holding period of the property, one is … READ FULL STORY
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the … READ FULL STORY
As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property … READ FULL STORY
Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head ‘capital gains’. For computing capital gains, the immovable … READ FULL STORY
