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 opportunities for deductions. An Introduction to Section 27: Your Tax Companion in Property Matters The […]
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 Income Tax Act becomes a crucial tool, providing a […]
Contemplating selling or renting out your home? Naturally, you’d want the most lucrative deal. Often, homeowners face negotiations or demands for discounts. But worry not! With these effective strategies, elevate your home’s value and make it an irresistible choice for potential buyers and tenants. Invest in Landscaping Landscaping can significantly influence first impressions. A neglected […]
TDS stands for Tax Deducted at Source. It’s a method the government uses to ensure taxes are collected from the source where the income originates. Among the various types of incomes where TDS is applied, one significant category is rental income. Any change in TDS rates is typically announced in the annual budget and is […]
The main aim of property registration is to provide legal information or recognition about the transfer of the ownership of any property from one person to another. It is one of the important steps for any real estate transaction because it establishes a legal document about the transaction and protects the rights of the parties. […]
