Govt. Duties & Taxes
How to calculate land value?
The value of land in India, especially in urban regions, has grown exponentially over the past two decades, on the back of the terms …
What is stamp duty and what are stamp duty rates on property purchase?
The government levies a compulsory tax on the transfer of rights in a property, known as ‘stamp duty. We examine how it is calculated …
TDS on Purchase of Property @ 1% under Section 194IA
The purchaser of immovable property has to deduct tax at source while paying the seller if the value of the transaction is Rs 50 …
Asian Development Bank (ADB) cuts India’s growth projection to 10% for FY 2022
The Manila-based multilateral funding agency had projected 11% growth for the third-largest economy in Asia, in April 2021 Amid the deepening monetary impact of …
All about the Pradhan Mantri Gram Sadak Yojana (PMGSY)
The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a central government-sponsored scheme, aimed at assisting states in providing all-weather road networks to unconnected rural …
Types of taxes under GST: CGST, SGST, IGST
We discuss the various types of levies under the Goods and Services Tax (GST) regime With the introduction of the Goods and Services Tax …
Taxation of jointly owned property
Generally, most people buy immovable properties in joint names of more than one person, for various reasons, including funding for the property and smooth …
S&P cuts India’s growth forecast for FY 2022 to 9.5%
In March 2021, the agency had projected 11% growth for Asia’s third-largest economy S&P Global Ratings, on June 24, 2021, lowered India’s growth forecast …
How to write a letter of intent for commercial leasing?
What is a letter of intent (LOI) for commercial leasing? A commercial lease refers to a legal agreement between a landlord and a tenant, …
Rising debt-to-income (DTI) ratio: A worry for home buyers
In spite of the advantages of lower interest rates in the aftermath of the Coronavirus pandemic, home buyers said that their DTI ratio has …