Category: Property Tax

Informative and insightful tax related articles for Indian real estate.


Various tax concerns for NRIs in India

Are you an NRI who would be willing to invest or has already invested in immovable property in India? Here’s how your income will be taxed. First of all, before understanding the tax policies, it is important to understand the residential status. For this refer to the section 6 of the Income Tax act, 1961. […]

A Brief Insight into Property Tax Calculation and How it Affects You

Social Media caption – Finding it tough to understand property tax? Here is a quick and easy fact sheet to help you out! Property tax is a term that often confuses residents due to its complex calculation mechanism and the variable rate of implementation at different locations. In most parts of the world, such a […]

What is income property tax law in India

Understanding of Income Tax laws is important in any property transaction. Few terms and provisions which are important to know are: Capital Asset [Sec 2(14)] Capital Asset means property of any kind, whether fixed or circulating, movable or immovable, tangible or intangible, but exclude: Stock in trade held for business Agricultural land in non-urban area […]

Property Tax Laws in India

About various property tax laws in India including: I. Income Tax II. Wealth Tax III. Service Tax IV. VAT I. Income Tax: Understanding of Income Tax laws is important in any property transaction. Few terms and provisions which are important to know are: Capital Asset [Sec 2(14)] Capital Asset means property of any kind, whether […]

How can a buyer or seller find out the official value of property? What is Ready Reckoner Rate?

READY RECKONER RATE If you are buying or selling property in India, did you know there is an official way to find out its minimum value and ready reckoner rates are those government defined rates. There is a government defined rate known as Annual Schedule of Rates (ASR) which ensures that property sellers don’t cheat […]

Is under-construction property investment eligible for long term capital gain benefits?

Whether investment in under-construction property, if held for more than 3 years, will be eligible for long term capital gain benefits? What are the benefits of buying space in under-construction projects? What are the benefits of long term capital assets? Income tax provides various benefits to long term capital assets such as: Concessional rate of […]
x

Request a Call Back

Disclaimer

Thank you for visiting our website. We are currently updating our website towards compliance of the newly introduced housing law for the State of Maharashtra i.e. the Real Estate (Regulation and Development) Act, 2016 and the rules and regulations notified thereunder.

In the interim, no information, images or material which is currently available / displayed on the website relating to builder projects shall be deemed to constitute any advertisement, invitation, solicitation, offer or sale of any such builders product offerings. Please contact us for any enquiry.

CONTACT US
Don't miss out. Subscribe today.
×
×