When intending to buy a land/plot or a developed property, it is essential to consider extra charges like stamp duty and registration fees to properly handle money. Land tax, on the other hand, is a regular expenditure that is paid bi-annually or annually. As a result, it must be completely comprehended before making a real estate commitment.… Read more
All About Section 115BAC New Tax Regime
During his Budget 2020 address, India’s Finance Minister announced the addition of a new section 115BAC to the Income Tax Act of 1961. Section 115BAC of the Income Tax Act becomes effective in FY 2020-21, and it provides a new and non-obligatory gains tax system for HUFs and individuals.… Read more
What is the meaning of Section 54F of the Income Tax Act?
Tags: Income TaxReal Estate
According to a revised clause added to the Income Tax Act of 1961, capital gains made by an individual or a family from the sale of capital assets other than a dwelling or a real estate property are taxed. … Read more
Section 24 of the Income Tax Act
Tags: Real Estate
Section 24 of the Income Tax Act stipulates that a person would pay on domestic or asset loans as a pastime. ‘Deductions from earnings from home assets’ is the title of this specific section. Mortgage hobby and popular deductions are two of the available deductions. … Read more
Chennai’s property tax rises by more than 50%
Tags: ChennaiReal Estate
Because the State authorities instructed metropolis panchayats and municipalities to adjust tax charges beginning April 1, property tax expenses in Chennai may rise by as much as 150 percent, and on town panchayats and municipalities around Tamil Nadu by as much as 50 percent.… Read more
The city of Nashik has proposed a property tax exemption for green constructions
Tags: Nashik
Green homes that produce no waste may be eligible for a 1% property tax rebate beginning in the following fiscal year. Housing societies that compost or biogas flora receive the refund, according to municipal commissioner Kailas Jadhav.… Read more
The city of Navi Mumbai has extended its property tax amnesty program
Tags: Tax
The municipal corporation in Navi Mumbai has extended the property tax amnesty scheme to the end of February for property tax debtors. … Read more
The Rental Income Tax Rate: Everything You Need to Understand
Tags: Income Tax
Before you purchase a property, take the time to consider the tax implications of your initial rental income tax rate. … Read more
Why you should invest in the real estate property market-Bhiwandi?
Tags: Stamp Duty
Bhiwandi is a city in Maharashtra, India, located in the Thane district of the Konkan division. It lies 20 kilometers (12 miles) northeast of Mumbai and 15 kilometers (9.3 miles) northeast of Thane. … Read more
