Renovating a house can put financial strain on your pocket. To ease off such a pressure, you can take home improvement loan, also called as house renovation loan. Most people do not know that they can avail tax benefit on home improvement loan. In this article, we will tell you all about renovation loan and …
OK. You want to sell your property. You have done the market study, set the price, started advertising, engaged a broker and made all paperwork ready. But are you aware of tax implications that arise from any profit or loss that you will make on your investment. Many sellers ignore such tax implications which may …
Capital Gain Tax on Sale of Property – The Complete GUIDE Read More »
If you want to buy a house, you can either go for an under construction or ready to move property. Both have their merits and demerits. Many people prefer to buy an under construction property simply because they are much cheaper as compared to a ready to move-in property and have much easier payment plans. …
Income Tax Rebate on Home Loan for Under Construction Property Read More »
Sachin Bansal, a Banker based out of Delhi, had booked a flat in Gurgaon in a promising project that was to be delivered in 3 years. Two years have passed and the construction has not even started. Now he is worried that if the same situation continues, the project will not be delivered even in …
Flat Possession – Tips to handle DELAY in possession of flat Read More »
What is House Rent Allowance? House Rent Allowance (HRA) is the salary allowance given by an organization to the employee to meet the expenses related to renting a house for residential purposes. House Rent Allowance is taxable under head “Income from Salaries” after deducting HRA exemption under section 10 (13A) of Income Tax Act. Therefore, …
House Rent Allowance – HRA Calculation & Exemption Rules Read More »
Do you know a home loan can help you in real wealth creation? It not only helps you in buying your dream home at today’s price but also helps you in saving lakhs of rupees through home loan tax benefit. A home loan is the best tool to cut down your tax liability drastically. You …
Home Loan Tax Benefit – Guide to Tax Benefit on Home Loan for 2017-18 Read More »
Do you own a plot of land which is notified by government for compulsory acquisition for a project? Do you know the tax implications? Tax on capital gain from compulsory acquisition of land depends on the type of land that is being acquired and type of its ownership. In this article, we explain to you …
Compulsory Acquisition of Land – Tax Exemption Rules Read More »
“I have not paid my property tax for last few years. I would have accumulated huge fine by now.” “I don’t understand the terms used by MCD.” “I don’t know the process of paying property tax online.” “Can I claim any discounts while paying property tax?” Well these are some of the worries of a …
Property Tax Online Payment: How to pay MCD House Tax (Delhi) Read More »