A number of home owners, who have invested in properties located in the suburbs, prefer to themselves live on rent. Consequently, they put their own house or apartment on rent. Such people let out … READ FULL STORY
Owning a home is a dream for many and being able to buy a home early in one’s career, can give you lots of joy. Experts point out that very few youngsters take the … 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
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one’s property. Deductions pertaining to repayment of the principal component of a housing … READ FULL STORY
While the ratio of working males in India is higher in comparison to women, yet, a recent report (Bankbazaar-Moneymood 2019) indicates that when it comes to taking a home loan, women borrowers have outpaced … 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
Disputes, settlements and arrangements within a family over property, have been a part of human civilisation. The war of Mahabharat happened due to a family dispute over property, which could not be resolved by … READ FULL STORY
The income tax laws provide various heads of income, for taxation, depending on the nature of activities carried out by you. One particular income may be taxed under the head ‘Profits and Gains of … READ FULL STORY
The Goods and Services Tax (GST) introduced in India in 2017, marked a new chapter in the tax system in the country, making India a single market from the point of view of levy … READ FULL STORY
The primary constraints in developing a municipal bond market, are the lack of timely and publicly available information on fiscal performance, debt and contingent liabilities, as well as governance and management issues, international rating … READ FULL STORY
Switching from one property investment to another, can be a crucial decision for investors. This situation may arise, when investors find a better opportunity for returns on investment in a property other than the … 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
“In order to provide relief to salaried taxpayers, I propose to allow a standard deduction of Rs 40,000, in lieu of the present exemption in respect of transport allowance and reimbursement of miscellaneous medical … READ FULL STORY
