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
In India, agriculture plays a pivotal role in the economy, and recognising its significance, the Indian constitution incorporates various provisions aimed at facilitating tax savings on the sale of agricultural land. The Income Tax … READ FULL STORY
Fixed Deposits (FDs) have long been a popular investment avenue for individuals seeking a secure and stable way to grow their savings. Among the various types of FDs, Tax Saving Fixed Deposits stand out … READ FULL STORY
January 23, 2024: Cricketer Rohit Sharma has reportedly leased two apartments in Mumbai’s upscale Bandra West area at a monthly rent of approximately Rs 3 lakh for three years, according to documents obtained by … READ FULL STORY
Section 139(9) of the Income Tax Act, 1961, plays a crucial role in ensuring the accuracy and completeness of the information provided by taxpayers in their income tax returns. This section empowers the Income … READ FULL STORY
Have you let your house on rent and earned an income from it? According to the Income Tax Act, 1961, income earned from a house is taxable. This article explains the method for tax … READ FULL STORY
Property tax is a crucial source of revenue for local governments, and it plays a significant role in funding public services and infrastructure development. In Himachal Pradesh, like in many other Indian states, property … READ FULL STORY
Due to the paucity of available accommodation and in order to attract the talent pool, many employers provide free accommodation or accommodation at concessional rent, to their employees. This is particularly true, in case … READ FULL STORY
The general consensus among many experts today, is that there is limited choice for new real estate investments in India’s metropolitan regions, given the spiralling prices of real estate and the lack of confidence … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
Selling a home requires as much due diligence as buying one, to ensure that there are no disputes and to get the proper return on investment. While legal and taxation aspects are the two … READ FULL STORY
Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. … READ FULL STORY
An analysis of data from the Ministry of Urban Development, for 22 corporations across the country, revealed that there was 312.04% increase in revenues in November 2016 (till 19th November), over the receipts they … READ FULL STORY
