Tax Implications for NRIs Selling Property in India
A visual representation showing two timelines for property holding periods: one for less than 2 years (short-term) and one for more than 2 years (long-term). The short-term column shows “30% tax” and the long-term column shows “20% tax with...
Rules Pertaining to TDS Deduction by Tenants for NRI-Owned Properties
...
How to Create a Rent Agreement in Bangalore
...Unlocking the Essentials of Section 27 in the Income Tax Act, 1961: An Easy Guide
Dive into a straightforward exploration of Section 27 in the Income Tax Act of 1961, your key to understanding tax implications on specific property transactions and ownership scenarios. Discover all its facets, ensuring you’re well-versed in your tax obligations and...Capitalizing on India’s Capital Gain Account Scheme: A Guide for Real Estate Investors
In the realm of real estate investments, Housewise stands as a beacon, illuminating the path for investors through the intricate corridors of tax management in India, particularly focusing on the Capital Gain Account Scheme (CGAS). Let’s dive into the nitty-gritty of...
Navigating Section 54B: Understanding Capital Gains from Agricultural Land Sales with Housewise
India’s agricultural realm not only sustains its economy but also significantly contributes to employment and food production. As we delve deeper, you’ll unearth the pivotal role of agricultural land in India and its consequential impact on the nation’s...
Section 54EC of the Income Tax Act: A Comprehensive Guide to Deduction on Long-Term Capital Gain Tax
Becoming well-versed with the labyrinth of the Income Tax Act, 1961 is pivotal for every taxpayer in India. Focusing on Section 54EC, this article unfolds the aspects and advantages of deductions on Long-Term Capital Gains (LTCG) tax pertinent to bonds. Delve into the...
Navigating Through Section 54 of the Income Tax Act with Housewise: A Guide to Financial Savvy
Embarking on new adventures often means letting go of the old. The decision to sell our homes, be it for exploring new horizons or embracing the tranquility of retirement, usually signifies a step towards a new beginning. As we tread this path, Section 54 of the...
How to Choose the Top 10 Cities in India 2023 to Invest in For NRIs
As an NRI, maintaining a strong bond with your home country, India, is vital. Apart from the irreplaceable connections of family and friends, having a home in India gives a unique sense of belonging. But the question arises, where should an NRI invest in India? This...
