Selling property in India as a Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) can be a complex process, especially when it comes to paperwork. One common question is: Can I sell property in India without a PAN card? Let’s break this down in a simple, conversational way to help you understand the rules […]
Selling property in India can be a profitable venture, but it’s essential to understand the tax implications associated with it. One of the most significant considerations is capital gains tax, which is levied on the profit you make from the sale of a capital asset, such as property. In this blog, we’ll break down the […]
With the introduction of E-Khata, the Khata Transfer process has also evolved. Here’s what you need to know about E-Khata Transfer and why it’s beneficial for property owners: Definition of E-Khata Transfer: E-Khata Transfer is the process of digitally updating ownership records in the E-Khata system, which can be done online through the municipal authority’s […]
What is an E-Khata? As digitalization has advanced, the traditional paper-based Khata process has been complemented by an online option known as E-Khata. Here’s an overview of what E-Khata is and how it’s transforming property documentation: Definition of E-Khata: E-Khata is an electronic version of the traditional Khata certificate, introduced by the BBMP in Bengaluru […]
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 indexation benefits.” Use an illustration of real estate, tax forms, and money calculations. Understanding Capital Gains Tax: 1. Short-Term Capital Gains (STCG): Definition: If the property is held for less than two years before the sale, it is considered a short-term capital asset. […]
