There is no way to avoid capital gains tax on the sale of property in the case of a short-term capital gain. The entire capital benefit amount may be included in your income, and you will be taxed according to the income tax bracket you may be in. The provisions of Sections 54, 54EC, and 54F of the income tax only apply to the long-term capital gains tax on the sale of the property.… Read more
Considerations to Make Before Selling Your Home
Tags: Real EstateRealty Guide
After you’ve determined why you want to sell, it’s time to supplement your knowledge of the local real estate market. This will provide you with several benefits, including the ability to establish a realistic price for your house, be more effective during price negotiations, and know when is the optimum moment to sell; that is when your purpose for selling permits you to do so (case in point – distress selling).… Read more
How do you design a baby’s room?
The interior design business has experienced a continuous demand for developing solutions for children’s rooms of all ages. While teen rooms are popular, infant-specific rooms are close behind. The emphasis is generally on maximising space for comprehensive and organised storage, as well as incorporating personal preferences while maintaining safety.… Read more
How to negotiate a rent increase with your landlord?
Mahesh Singhal pays higher rent each year to live in the same residence in North Delhi. Despite living in the same property for almost seven years, he has yet to find a method to bargain with his landlord, who hikes the monthly rent by 10% every year as is customary.… Read more
MahaRERA eliminates penalty fees for booking cancellations.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has given homebuyers grounds to rejoice by revising penalty amounts for cancelling a booking. The cap has been established at 2% of the entire cost of the unit price, which will be subtracted before the booking payment is refunded. Continue reading to learn about the new fees!… Read more
Owing to CRZ breaches, a luxury resort in Kerala may be demolished.
A comparable incident has occurred less than a month after the Supertech Twin Towers in Noida were demolished. The Supreme Court granted demolition orders for Kapico, a seven-star resort in Kerala, in 2020, but the procedure has only recently begun. The resort, valued over Rs 200 crore, would be suspended for breaking the State’s Coastal Regulation Zone (CRZ) guidelines. Continue reading to learn more!… Read more
There are eight reasons for contesting a will.
A Will is a written legal document that outlines the terms of property inheritance by legal heirs, along with the distribution of shares among the beneficiaries. While it is not required, it is recommended that the document be registered under the Indian Registration Act to enhance it as strong legal proof.… Read more
What is a lease deed and how does it vary from a rental agreement?
The owner of commercial property frequently lends it to a third party in exchange for money. To establish a shared basis, a legal agreement is created and signed by the property’s owner or lessor and renter or lessee. This is referred to as a Lease deed. Here’s what you should know.… Read more
Know the laws and circumstances before purchasing property in the name of a minor
A property transaction is only feasible if the buyer is over the age of 18. He is required to sign the contract and deeds. According to the Indian Majority Act of 1875 and the Indian Contract Act of 1872, a minor under the age of 18 is not permitted to sign any instrument relating to property transactions. It can only be done when a guardian or parent legally responsible for the child is permitted to sign.… Read more
