Housing

Tax Implications by Owning Residential Property by an NRI in India 3 min read

• Housing
• Income Tax

Tax Implications by Owning Residential Property by an NRI in India

Diksha Garg 5 years ago

NRI’s would remit funds for various reasons such as maintaining their family, or repaying the loans, etc. As time passed by, real estate has become... Read More

New House is in wife’s Name – Forget about tax-relief from the sale of the house 3 min read

• Housing

New House is in wife’s Name – Forget about tax-relief from the sale of the house

Diksha Garg 5 years ago

The Mumbai Bench of Income-Tax Appellate Tribunal (ITAT)'s denied the benefit to be sought from sec- 54 of the Income-tax Act. The reason behind this denial was that the new house bought by the taxpayer was not in his name but in the name of his wife and his adult daughter.... Read More

How can you get tax exemption by selling your asset under Section 54F Income Tax Conditions? 2 min read

• Housing
• Income Tax

How can you get tax exemption by selling your asset under Section 54F Income Tax Conditions?

Rebecca Ghomes 7 years ago

Whenever we decide to sell any long-term capital asset, the gains are large but the tax to be paid is indeed huge too. Gains on... Read More

Section 80IBA Assures 100% Deduction For Affordable Housing Projects 4 min read

• Housing

Section 80IBA Assures 100% Deduction For Affordable Housing Projects

soutrikjoy 7 years ago

The tax pillars for the housing industry was a bit tougher in comparison to other sectors. But recently the Finance ministry of the government in... Read More

How to Minimize Tax Liability with House Rent Allowance 3 min read

• Housing

How to Minimize Tax Liability with House Rent Allowance

Rebecca Ghomes 7 years ago

How to Minimize Tax Liability with House Rent Allowance With the rise in prices at every nook and corner, it has become an obligation to... Read More

CBDT notifies revised form for Declaration under Income Declaration Scheme 2 min read

• Housing

CBDT notifies revised form for Declaration under Income Declaration Scheme

Rajbir Chawla 7 years ago

S.O. 2705(E).— In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 2016 (28 of 2016),... Read More

ICDS may result in penalties for companies and may result in more disputes 2 min read

• Housing

ICDS may result in penalties for companies and may result in more disputes

Navin Agicha 8 years ago

APPLICIABILITY: The Central Government hereby notifies the income computation and disclosure standards as specified in the Annexure to be followed by all assessees, following the... Read More