The rental income for a house and the capital gains from the possible sale of a house come under the "income from other sources"
Bengaluru-based Prestige Estates Projects recently said it aims to double its annual residential sales bookings to Rs 25,000 crore by FY26 from its current markets and others such as Mumbai, Pune and National Capital Region (NCR). The company's chairman and managing director Irfan Razaq tells Raghavendra Kamath about his plans to achieve the target and outlook for the real estate market.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Under the I-T Act, if a person has more than one property, one of them may be treated as given on rent even if it is vacant
The government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates. In her Budget speech, Finance Minister Nirmala Sitharaman said, "Under the PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore." "This will include the central assistance of Rs 2.2 lakh crore in the next 5 years," she added.
If you're a beginner eager to embark on wealth-building journey in the real estate sector, Karan Shetty shares this comprehensive guide on how to get started.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Rental housing for 43,000 low-income families in Mumbai by March 2015.
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
PVR Inox shares hit a 44-month low of Rs 1,154, declining 8 per cent on the BSE in Tuesday's intra-day trade in an otherwise firm market, driven by growth concerns. The stock has slipped 23 per cent from its December high of Rs 1,620, touched on December 5, 2024. It has fallen below its previous low of Rs 1,203.7 from June 4, 2024, and is trading at its lowest level since May 2021.
'The overall market cycle is very positive.'
rediffGURU Sunil Lala answers your MF-related queries.
Once we break free of the idea that land is scarce, real estate is just a pile of bricks, steel, and glass. Any price surge will kick off a supply response, which kills off the possibility of sustained price appreciation, points out Ajay Shah.
Newer asset classes such as data centres and rental housing gained prominence among investors.
Reliance Infocomm on Friday launched a 'lifetime rental free' plan for its postpaid subscribers, close on the heels of its lifetime incoming free for prepaid.
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
With lower interest rates on loans and higher capital appreciation than in India, buying property in London makes more sense
Even as cellular companies announced on Tuesday free incoming calls on their network, BPL Mobile has increased the rentals and access fee of both its pre-paid and post-paid users by Rs 100 and Rs 54 respectively from January 24.
We take the opportunity to bust a few myths
Yes, if you are planning to apply for a loan or want to claim refund
Aiming to provide temporary shelter for migrants and homeless people, the government is firming up a new initiative to launch a rental housing project in the big cities.
Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Sidhu in his affidavit, filed along with the nomination papers, declared total assets worth Rs 44.63 crore.
Govt should take steps to monetise real estate investment schemes.
Leader of Canada's New Democratic Party (NDP) Jagmeet Singh has announced that he is withdrawing support to Prime Minister Justin Trudeau's government.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
To overcome your fear of the property being taken over, draw an ironclad agreement with a good lawyer's help, recommends Sanjay Kumar Singh.
While movie stars like Akshay Kumar, Amitabh Bachchan and Salman Khan are among the top I-T payers, very few of the wealthiest Indians figure on the list.
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
Telecom firms earning foreign exchange on incoming overseas calls, Internet services and rentals from cable networks are not entitled to duty sops under an export promotion scheme, says the government.
Airtel on Wednesday said its customers can enjoy free unlimited incoming calls on international roaming while travelling to popular destinations like the US, Canada, the UK and Singapore.
This sort of property is better suited for an investor rather than an end user.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Real estate PMS are good options for high net worth individuals.
Do you have a residential or commercial property? Do you want to improve the condition of this property to enhance your prospects of earning higher rent, but lack the necessary financial resources for the same? Don't worry, there is help in the form of loan against future rent receivables. It is a loan that you can take against the future rental income of your property.
'You may opt for a longer minimum guaranteed tenure of 12-18 months. This will ensure that in a rising rental scenario, the landlord doesn't serve you a notice and ask you to vacate the property.'
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
