Tax on rental income and applicable deductions
Renting out a property to a tenant allows the owner to earn a monthly rent. Under the income tax laws in India, this rent is counted as income and the landlord is liable to … READ FULL STORY
Renting out a property to a tenant allows the owner to earn a monthly rent. Under the income tax laws in India, this rent is counted as income and the landlord is liable to … READ FULL STORY
According to Vastu, the main door of a house is not only a transition zone but also a place from where happiness and good luck enter. It lets in or keeps out the cosmic … READ FULL STORY
A bedroom should be designed to promote sound sleep and rejuvenation. Vastu Shastra can be a useful guide in designing a bedroom space. According to Vastu, a bedroomโs design and orientation impact oneโs mental … READ FULL STORY
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
Indians are generally particular about shubh muhurats, when it comes to buying a property or shifting to a new house. Performing a griha pravesh,which is basically the house warming ceremony on an auspicious day, … READ FULL STORY
To provide accountability for running the co-operative housing society (CHS) effectively in Maharashtra, the state government has mandated housing societies to hold the annual general body meeting (AGM) according to its Model Bye-Laws. The … READ FULL STORY
One of the most commonly used legal tool to transfer ownership of property is the gift deed. This is done because it is tax-efficient as compared to other options available. However, one should be … READ FULL STORY
Colours play a significant role in a personโs life, especially the ones on the walls of the house. Restlessness, career, financial, or relationship problems, etc., are sometimes believed to originate or worsenโperhaps due to … READ FULL STORY
Historically, real estate has been one of the preferred asset classes to park unaccounted money. Over time, numerous ways were invented to make the investment appear legal, including sale and purchase of property through … READ FULL STORY
Selling a property can sometimes take longer than expected, especially in a slow real estate market or if the asking price doesnโt align with buyer expectations. If your property isnโt attracting offers, itโs essential … READ FULL STORY
Unlike unsecured loans, home loans are secured loans, which means the property is used as collateral or security against the loan amount. When a borrower defaults on the loan repayment, the bank has the … 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
The real estate sector in recent years has evolved to fit a new standard of luxury – one that lies at the intersection of good ecological practices and the affluence that people have come … READ FULL STORY