Buying a property is a preferred investment option in India. A property can be owned solely by an individual or co-owned by two or more individuals. People often prefer to purchase a property with … READ FULL STORY
The income tax laws tax all your incomes under various heads. Any income with respect to a house property owned by you, is taxed under the head ‘income from house property’, whether the property … READ FULL STORY
Laws governing property ownership by non-residents in India are not only different from the laws governing residents, they are also quite complicated. Even though there is a wide range of assets that NRIs can own … READ FULL STORY
The market has welcomed the host of announcements in Budget 2021 that are being seen as a measure to revive the economy. From health to infrastructure, finance minister Nirmala Sitharaman’s third Budget speech tackled … READ FULL STORY
The chairman of the Central Board of Direct Taxes (CBDT), Pramod Chandra Mody, has said the tax payers’ charter announced in Budget 2020, will be notified very soon and once operationalised, India will be … READ FULL STORY
While exotic foreign destinations are a choice for some, when it comes to getaways for spending quality time with their families, there are many others who prefer nearby places where one can spend more … READ FULL STORY
Finance minister Piyush Goyal, on February 1, 2019, proposed to increase the tax deducted at source (TDS) limit on rent income, to Rs 2.4 lakhs from the current Rs 1.80 lakhs. Presenting the budget … READ FULL STORY
In addition to raising the income tax exemption limit for individuals from Rs 2.5 lakhs to Rs five lakhs, finance minister Piyush Goyal also raised the standard deduction to Rs 50,000 and provided concessions … READ FULL STORY
Developers The union budget provided a significant boost for affordable housing, by granting it an industry status and all the listed real estate stocks reacted positively. However, whether these incentives will entice the developers … READ FULL STORY
Reduction in tenure of long-term capital gains Real estate investors, who were looking for a quick exit option to switch their investment or to book profits, were often discouraged by the long-term capital gain … READ FULL STORY
“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his … READ FULL STORY
