Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
To bring in more transparency, the Maharashtra government will launch e-payment gateways for stamp duty and registration charges.
Shah, while releasing the saffron party's manifesto 'Sankalp Patra' for the upcoming assembly elections in Jharkhand, announced that a Displacement Commission would be formed to ensure rehabilitation of people displaced by industries and mines in the state.
Enhancing your credit score is the key to improving loan eligibility and securing a favourable interest rate.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Actor Amitabh Bachchan has gifted his bungalow in suburban Juhu in Mumbai to his daughter Shweta Nanda, according to official documents.
Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.
The case against superstar Amitabh Bachchan by the Uttar Pradesh government, accusing him of evading stamp duty of just Rs 695, is ridiculous and an attempt to defame Indian art and culture, Samajwadi Party General Secretary Amar Singh said on Tuesday. "Amitabh is a personality who can pay Rs 6 lakh. Rs 600 is nothing for him. Registration of such a case against megastar like him is ridiculous and an attempt to defame Indian art," he said.
The Commission has desired to incorporate Aadhaar-based fingerprint authentication (else digital fingerprint capturing) and facial recognition of candidates, scanning of QR Code of e-admit cards and monitoring through live AI-based CCTV video surveillance, it said.
The fresh round of cancellation process of the 4,470 NGOs started on May 6.
But the ISI chief did not retire giving the impression that he has won General Asim Munir's trust, notes Rana Banerji who headed the Pakistan desk at RA&W.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Meghalaya Chief Minister Conrad K Sangma retained the key departments for his National Peoples Party, and gave the lesser politically significant ones to alliance partners Bharatiya Janata Party, Hill State Peoples Democratic Party and United Democratic Party as he allocated portfolios on Thursday.
Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
The NCW, in a statement, on Friday said it had taken cognizance of the media reports that in the Rajasthan area of Bhilwara, conflicts over loan repayments were purportedly resolved by auctioning off young women on stamp papers.
MahaRERA, the authority under Real Estate (Regulation and Development) Act, 2016, in Maharashtra, has blacklisted 644 housing projects in the state for not meeting project deadlines. The authority has prohibited them from being sold, advertised or marketed in the state. These projects were supposed to be completed and handed over to homebuyers in 2017 and 2018. Even though most of the projects are being developed by local developers, one big name on the list is Lavasa Corporation promoted by HCC whose registration expired in 2017.
"We (at the cabinet) discussed the hijab row, but as the high court is hearing the matter, we felt it is not appropriate for the cabinet to take any further decisions on the issue today. It was decided to wait for the court's verdict before taking any decision," Law and Parliamentary Affairs Minister J C Madhuswamy said.
The federal agency wants to question and record Parab's statement under the Prevention of Money Laundering Act, they said.
At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
NBFCs are allowed to include registration, stamp duty
Stamp duty, registration to be included in loan calculation
Make sure buying a house won't lead to compromises on other crucial financial goals.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Banks typically fund about 70 per cent to 80 per cent of the cost of a property
The Enforcement Directorate on Thursday raided multiple locations in Maharashtra as part of a money laundering probe against state transport minister Anil Parab and others linked to alleged irregularities in a land deal in coastal Dapoli area of Ratnagiri district and other charges, officials said.
In a big step towards unclogging the top judiciary burdened with humongous pendency of cases, the Supreme Court has, in one massive sweep, binned 13,147 old 'diarised but unregistered' cases, including one filed more than three decades ago.
Tamil Nadu on Thursday decided to allocate ten acres of land to Wipro and five acres to Tata Consultancy Services in Coimbatore.
The state government move comes after cases of forgeries and fraud in property dealings increased. The circular has been issued by the Inspector General of Registration and Controller of Stamps.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
Low registration also seen in last six months.
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
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