'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
rediffGURU T S Khurana answers readers' personal income tax queries.
rediffGURU T S Khurana answers readers' personal income tax queries.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
Lawful possession means having both actual control over a property and a valid legal right to keep it, usually based on a registered sale deed, lease agreement, or lawful allotment.
Shiv Sena (UBT) and MNS release a joint manifesto for Mumbai civic polls, promising free power, allowances for domestic helps, and property tax waivers.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
While one can file an updated return, there are certain caveats, warns rediffGURU Mihir Tanna.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
rediffGURU T S Khurana answers readers' personal income tax queries
rediffGURU Mihir Tanna answers your income tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Taking possession without an OC can lead to legal complications, denial of utilities such as water and electricity, hurdles in availing home loans or reselling the property, and even eviction.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Right steps you can considerably reduce the tax outgo.
Capital gains exemption benefits are available under Section 54 and 54F of the Income Tax Act. Individuals, however, need to be aware of the conditions attached to these provisions, suggests Archit Gupta, founder and CEO, ClearTax.
rediffGURU T S Khurana answers readers' personal income tax queries.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Anil Rego answers readers' personal income tax queries.
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
'Do exhaustive research and then select the one that best fits your budget and requirements.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
