Rent agreements are a fundamental part of renting property in India, serving as the legal foundation for both tenants and landlords. Understanding the terms, legalities, and nuances involved can help both parties ensure a … READ FULL STORY
Under Section 194-IA of the income tax law, property buyers in India are obliged to deduct tax at source (TDS) if the property value is more than Rs 50 lakh. On property deals worth … READ FULL STORY
Understanding the terms carpet area, built-up area, and super built-up area is essential when purchasing property. These measurements define the actual space you get within your home and how much you’re paying for it. … READ FULL STORY
Managing land records has become more straightforward thanks to new technology and initiatives led by DLRS UP (Department of Land Records and Survey, Uttar Pradesh). One of the most effective tools in this effort … READ FULL STORY
Real estate projects need several certificates, such as a no objection certificate (NOC), project commencement certificate and completion certificate (CC). One of them is the occupancy certificate or the OC, that is issued by the … READ FULL STORY
Do you find yourself constantly Googling terms when you are talking with a real estate agent? Do not worry, you are one among many! While doing business that involves an under-construction building, it pays … READ FULL STORY
Stamp duty and registration fee are taxes homebuyers in India pay to state governments at the time of property registry. States have the authority to impose this tax. Consequently, they are responsible to increase … 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
In the past half-a-decade or so, pastel colours have become the primary choice of interior designers and architects when planning home décor themes, as minimalism becomes an all-encompassing factor. Listed in this article, are … READ FULL STORY
In India, the festive season begins in the month of October and November and most Indians look for unique ways to decorate their homes. The most popular décor ideas include the use of flowers, … READ FULL STORY
Dhanteras is one of the most auspicious days of the year. Dhanteras marks the beginning of the five-day Diwali festival. It is believed that whatever ones buys on this day, reaps rich benefits. The … READ FULL STORY
Under the Indian tax law, the profit earned through sale of a property is considered an income. On this income, the seller must pay taxes. However, sellers can lower their tax liability by claiming … READ FULL STORY
Transfer of immovable property such as flats, apartments and land is highly complex, attracting a great amount of paperwork, legal complexities and tax implications. The law of succession to a property, depends on whether … READ FULL STORY
