Govt. Duties & Taxes
What is a real estate appraisal and how does it work?
Explained is the significance of real estate appraisal and its effects on a buyer’s home purchase plans Banks apply various methods to gauze borrowers’ …
PMC extends property tax amnesty scheme till January 26, 2021
The Pune Municipal Corporation has decided to roll out a time-bound relief for property tax defaulters with dues of less than Rs 50 lakhs …
How to claim tax benefits on joint home loans
While many home buyers opt for joint home loans to enhance their eligibility, the repayment of the loan and claiming of tax benefits on …
TDS provisions on rent paid, under the income tax laws
Rent received by a property owner is subject to tax deduction at source. We examine the existing provisions, for tenants taking properties on rent …
All you need to know about Real Estate Act (RERA)
Under the Real Estate Act, the central and state governments, are required to notify their own rules under the Act, six months, on the …
Tax on rental income and applicable deductions
While income tax laws prescribe certain taxes on a person, who receives any rent from a property which he has let out, the taxpayer …
Legal tips for buying agricultural land in India
Buying agricultural land, as opposed to a regular plot, requires additional due diligence. We examine the things to watch out for and the procedure …
Maharashtra Stamp Act: An overview of stamp duty on immovable property
The Maharashtra government has announced a massive reduction in stamp duty rates by up to 3%. With this, the stamp duty in Mumbai now …
What to know about down payment?
A down payment is upfront or initial payment that is made to the seller or financial institution, to secure the sale of a big-ticket …
Impact of GST on real estate and home buyers
Here is everything home buyers need to know about the Goods and Services Tax regime and how it will impact them financially among the many …