Blog articles tagged Income Tax Act

Homeowners’ Calculated and Tax Set-off for House Property Losses

Understand the implications of loss from house property, its calculation, tax set-offs, and causes to prevent financial pitfalls as a homeowner.

Commercial vs. Residential Property

Commercial and residential real estate are popular investment choices in India. This article compares both, examining rental income, risks, rewards, and tax implications to help investors make informed decisions.

Land Sale Capital Gains Tax

Understanding capital gains tax on land sales is crucial for taxpayers. This article outlines calculations, types, and deductions available to minimize tax liabilities.

Capital Gain Tax on Land Sale

This article explains capital gains, focusing on long-term and short-term capital gains tax implications in India for real estate and immovable properties.

Resale Independent Houses in Hyderabad - A Guide

Hyderabad, named the most vibrant city globally in 2020, offers affordable real estate with excellent connectivity. Resale independent houses are a particularly attractive option, offering advantages like affordability, immediate possession, and quick loan approvals.

Understanding GST on Renting Commercial Properties

This article explores the impact of GST on commercial property rentals in India, detailing tax responsibilities, deductions, and strategies for minimizing tax liabilities for landlords.

What Real Estate Expects from Union Budget 2021?

The Indian real estate sector seeks relief in the Union Budget 2021-22. Key demands include GST offsets, tax relief for homebuyers, and continued funding for affordable housing projects. These measures aim to boost demand and address the liquidity crunch.

Tips NRIs Must follow to Reduce Tax Liability

NRIs face challenges selling property in India due to sales tax rules. Understanding these regulations is crucial for minimizing tax liability. Strategies include reinvesting the sale proceeds in a new property or utilizing the Capital Gain Account..