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
Igatpuri, situated in the Western Ghats on the Mumbai-Nashik Highway, is emerging as a popular second home destination. Chaitali Parikh Mehta, owner of Inscape Designers, Mumbai, whose family has a farmhouse on the outskirts … READ FULL STORY
Investment in second homes, is driven by a segment of buyers, who seek profits out of real estate investments or hold it for prestige. While Indians have invested in second homes for quite some … READ FULL STORY
With the implementation of the Real Estate (Regulation and Development) Act (RERA), the residential real estate industry is witnessing significant changes. The Act strictly prohibits builders from advertising their under-construction projects, while allowing the … READ FULL STORY
The rental income from a real estate investment, is taxed under the head ‘Income from House property’ under the income tax laws, which is a direct tax law of the country. Properties that are … READ FULL STORY
Revenue Secretary Hasmukh Adhia, on July 10, 2017, clarified that if a house property is rent out for shop or office purposes, no Goods and Services Tax (GST) will be levied up to Rs … READ FULL STORY
Vile Parle west in the western suburbs of Mumbai, is well-connected to the other far-flung suburbs of the city, as well as south Mumbai. It lies close to the international, as well as the … READ FULL STORY
Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and … READ FULL STORY
For a long time, the property market was going through the problem of excess unsold inventory, but the property rates were not falling. Now, according to various media reports, property rates have fallen, after … READ FULL STORY
