Vastu Shastra is considered important in a rented house because it’s believed to promote positive energy, well-being, and prosperity. The principles of Vastu Shastra focus on creating harmony between the physical environment and the individuals living in it.… Read more
On June 2, 2021, the Ministry of Housing and Urban Affairs adopted the Model Tenancy Act (MTA) to govern the lease of buildings in a transparent and efficient manner employing quasi-judicial entities. The goal was to reconcile the interests of renters and owners by resolving disputes in a timely manner by establishing an adjudicating system, such as a Rent Court, a Rent Authority, or a Rent Tribunal, if needed.… Read more
Since ancient times, possessing a piece of land has been connected with a person’s societal repute in India. Following India’s independence from the British, constitutional experts inserted clauses that guaranteed inhabitants of India certain rights pertaining to land and property ownership. We have developed a list of major land-related provisions that have found their way into the law book.… Read more
There are several situations in which the property owner wishes to transfer property rights to someone else. This might be owing to the present owner’s critical sickness, retirement plans, or the sale of the property. In all of these scenarios, a legal procedure should be followed to document the transfer of property from a current owner to a new owner.… Read more
A Partnership deed constitutes the most essential form of legal documentation for any new business or property concern. It is a written statement of all the regulations, rules, and understandings agreed upon between two persons about the running of a business. It is also known as a Partnership agreement. Importantly, stamp duty and registry fees apply to the Partnership deed.… Read more
Under the ‘Saptrishi’ mantras, Finance Minister outlined seven main targets of the Union Budget 2023. Infrastructure and investment are one of these goals.… Read more
Due to a lack of open space in Mumbai and Pune, people have gravitated to the outskirts and green expanses around the hilly districts, away from the noise and commotion of the metropolis. As a result, possible second home investment locales such as Khandala, Lonavala, Karjat, and Alibaug, which were previously known as weekend getaway destinations, have emerged.… Read more
A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may opt to enter into a verbal agreement or construct an agreement but not have it registered.… Read more
The Double Taxes Avoidance Agreement (DTAA) assists Non-resident Indians (NRIs) working in other countries in avoiding double taxation on income received in both India and their place of residency. Notably, the purpose of signing DTAAs with nations is to reduce tax evasion by taxpayers in either or both of the nations with whom bilateral or multilateral DTAAs have been signed.… Read more
