Under Section 194-IA of the income tax law, property buyers in India are obliged to deduct tax at source (TDS) if the property value is more than Rs 50 lakh. On property deals worth … READ FULL STORY
When you buy a property, the legal change in ownership takes place after property registration. Several laws come into picture in this highly complex legal procedure. This makes it of utmost importance to have … READ FULL STORY
How is a property legally defined in India? What are its various types? This guide will discuss all aspects of a property. What is property? Section 2(c) of the Benami Transactions (Prohibition) Act, … READ FULL STORY
The Goa state government has hiked stamp duty for transfer of registration of immoveable property. According to a ToI report, while stamp duty in the first slab consisting of properties less than Rs 50 … READ FULL STORY
You would have heard the term immovable property often. An immovable property is something that cannot be moved from one place to another. It has rights of ownership attached to it. Here is a … READ FULL STORY
Everything a person owns in this world can be categorised into two types – movable property and immovable property. Although the names are quite self-explanatory, the difference between them is explained in a specific … READ FULL STORY
The reply to a question raised in the Indian parliament revealed that deposits worth Rs 5,124.98 crores were lying unclaimed for 10 years or more, with scheduled banks. This is a huge amount, considering … READ FULL STORY
The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of different kinds of goods and services throughout India, with all other central and state taxes intended … READ FULL STORY
The Annual Schedule of Rates (ASR) is the minimum price, on which the government will charge stamp duty and registration fees. The ASR has a significant impact on the property prices in any given … READ FULL STORY
In a recent judgment, the Delhi High Court has held that service tax cannot be levied on the purchase of under-construction flats. Presently, service tax of 15% is levied on 25% of the consideration … READ FULL STORY
