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
March 13, 2024: REC, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan, to finance projects across … READ FULL STORY
January 29, 2024: The Rural Electrification Corporation (REC), a state-owned entity, has entered into a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL), as announced in a press release … READ FULL STORY
The Regional Empowered Committee (REC) under the Union Ministry of Environment, Forest and Climate Change has granted an in-principle approval for BMC’s request to divert reserved forest land for construction of tunnels along the Rs … 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
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
