Yes, you heard it right. To start with, let me tell you, section 54 and section 54F provide opportunity to tax payer to save tax on long term capital gains out of sale of residential house property or a property
You may say, “Yes I know this!” But there are many having a different situation and confused with the wordings of the section 54EC. The existing provisions contained in sub-section (1) of section 54EC of the Act provide that where capital
I receive many queries with regards to avail tax benefits against repayment of home loan. These are mostly related to joint loan, loans from friends and relatives to purchase/construct house property etc. Some of the queries are; Question…“My spouse (house wife)
W.e.f. June 1, 2013 new provision under section 194IA has been introduced, where 1% Tax Deducted at Source or TDS will be levied on sale/transfer of immovable property (other than agricultural land) exceeds Rs 50 lakhs. As per this section,
Any Non Resident Indian (NRI), Person of Indian origin (PIO) or even a foreign national of non-Indian origin can inherit and hold property in India. However, for transfer/sell or holding of the said property, one has to comply with exchange control
“No upfront disbursal to any incomplete/under-construction/green field housing projects”. This is the instruction by RBI to Banks under its recent notification which seems to be putting an end to those so called “No EMI Till Possession” schemes offered by builders/developers.
Mortgage Loan is another form of financing your cash requirement to meet any objective. In case of a home loan you go for Bank Finance or any other Housing Finance option, because you meet there eligibility criteria such as Income
Now it’s a tough time for those builders and developers who gives you false commitment, show misleading advertisements, making delay in completing projects. In the recent move by cabinet where it cleared the Real Estate (Regulation & Development) Bill that