After accounting for an asset’s depreciation or amortization, the WDV or write-down cost technique of depreciation is arrived at. In a nutshell, WDV is the asset’s current value.… Read more

The Pradhan Mantri Awas Yojana (PMAY) was created to provide low-cost housing to individuals across the country. The system is divided into urban and rural groups to fulfill the requirements of inhabitants. Given the importance of beneficiary information, paperwork is an essential aspect of receiving payments under PMAY. An applicant cannot close a home purchase with PMAY unless the documentation is error-free and transparent. As a result, while applying under PMAY, you must have all of the necessary paperwork on hand. Authentic papers are required to assess the applicants’ qualifying conditions. These papers will assist in identifying ineligible applicants, particularly those who already own a residential property, and eliminating them from the process so that legitimate candidates may be considered. … Read more

As a legally binding record of membership and share ownership, a Society Share Certificate is a crucial document for housing societies. It indicates that the member possesses a specific quantity of society shares, which is essential for taking part in activities related to the society, such voting and getting dividends.… Read more

Only one of your residential properties may be considered to be used for self-occupied purposes under the regulations for income tax if you own multiple residential properties. The remaining properties must either be released or, even though they are no longer rented out, they may be regarded as released properties.… Read more