The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
When submitting house rent allowance receipts, claiming that you pay rent to a close relative like parents, siblings or spouse, ensure that you have supporting documents to substantiate it.
Real estate sector cheers reforms in the Budget.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Employees who benefit from rent-free accommodation should pay heed to these new regulations, especially if they are in the higher salary brackets.
Prior to 2011, the company was in dire straits. But recent financial results show its fortunes are on the mend.
The federal agency issued a summons to Vaibhav Gehlot (43) last week, asking him to appear before the investigating officer of the case at its headquarters on A P J Abdul Kalam Road here under the provisions of the Foreign Exchange Management Act.
In February 2013, the airline under the then chairman Rohit Nandan decided to shift its base to New Delhi.
Air India has planned to monetise its unutilised and surplus immovable real estate assets over the next few years.
If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.
The government also sought approval from Parliament for equity infusion worth Rs 2,345 crore into struggling Air India and another Rs 1,300 crore for Air India Asset Holding.
His value lifestyle brand Zudio signals a coming of age of retail in small town India.
Any business that makes inter-state supply is outside the ambit of the scheme
Provisions of long-term capitals gains tax is now applicable after only two years.
Even if you don't come in the filing bracket, it is the only way to claim refunds, get visa to some countries.
With a stable government at the Centre and the a renewed sense of confidence among the industry, there is expectation that there will be more demand for office space.
Financial planners advise against putting capital to work by anticipating what might go up or down.
Tax rules that could land you in trouble
While there was a sharp drop in footfalls in malls in H1FY21, there was reasonable recovery in H2. However, the second wave derailed the recovery.
Merely choosing investment products in accordance with your risk profile is not enough. Consider all your requirements before deciding where to put your money
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
Many developers are facing financial challenges after the IL&FS defaults, after which non-banking finance companies - the major financiers to real estate firms - slowed disbursals.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
You filed your income tax returns for 2017-2018 and think you tax problems are over for now. But have you paid your advance tax this quarter, asks Samkit Maniar.
There is a perk for donating to parties. An individual who makes an eligible donation is entitled to get 100% tax deduction under Section 80GGC of the Income Tax Act.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
Is looking to raise Rs 3,000 cr.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Deduction on home loan interest cannot be claimed when the house is under construction
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
Servicing two EMIs will substantially reduce tax benefits on second flat.
Income from renting of properties is taxed at a flat rate of 10%.
'Surplus money in individuals' pockets has moved away from real estate and flowed into the stock market either directly or through mutual funds.' 'This being one reason for the continuing surge in stock prices.' 'Market indices have soared to levels that are well above historical averages for price-earnings ratios.' 'Market pundits insist that this is not a stock price bubble, but when was the last time the pundits called a bubble a bubble?'
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
