The Union Budget 2025 introduces a significant relief for fixed deposit (FD) holders by increasing the TDS (Tax Deducted at Source) threshold on interest income. The limit has been raised to ₹50,000 for general citizens (up from ₹40,000) and ₹1 lakh for senior citizens (doubling from ₹50,000). This change will take effect from April 2025 and aims to simplify tax deductions while easing the...
2025
Budget 2025 Eases Tax on Multiple Homes The Union Budget 2025 brings a significant tax benefit for homeowners, allowing them to claim nil annual value on two self-occupied properties without additional conditions. This reform simplifies tax calculations and provides greater financial flexibility to taxpayers. Key Tax Benefits for Homeowners ✅ Homeowners can now claim nil tax on two...
Increased TDS Limit on Rent The annual threshold for TDS on rent will be raised from ₹2.4 lakh to ₹6 lakh. Announced by the Finance Minister on February 1, 2025, during the Union Budget. Relief for Small Taxpayers Fewer rental transactions will be subject to TDS. Beneficial for small taxpayers receiving lower rental income. Amendment to Section 194-I of the Income Tax...
Income Tax Benefits No income tax on monthly income up to ₹1 lakh, boosting middle-class savings & spending. Salaried individuals earning up to ₹12.75 lakh per year to pay zero tax under the new regime. Updated Income Tax Return (ITR) filing limit extended from 2 to 4 years. TDS on rent threshold increased from ₹2.4 lakh to ₹6 lakh. Delay in TCS payment...
The Union Budget 2025 has introduced stricter tax rules for Non-Resident Indians (NRIs), making financial compliance more challenging. These new regulations particularly impact Indian students and young professionals abroad, increasing their reporting responsibilities and tax liabilities. The government aims to align with global tax norms, but this move adds financial complexities for NRIs managing...
Bengaluru, January 23, 2025 – Mahindra Lifespace Developers Ltd. (MLDL), through its subsidiary Anthurium Developers Ltd. (ADL), has acquired 8.2 acres in North Bengaluru, further strengthening its presence in the city’s booming real estate market. The project, set to offer mid-premium residential apartments, has a developable potential of 0.9 million sq. ft. and an estimated Gross Development Value...
📢 Hyderabad Metro Expansion Alert! 🚇 🔹 Key Highlights of Phase 2: ✅ Miyapur to Patancheru – A 13.4 km stretch with 10 stations 📍 ✅ Better Connectivity – Extends from Patancheru to Hayathnagar (50 km) 🏙️ ✅ Ease Traffic Congestion – Faster & smoother city travel 🚦 🛤️ Metro Expansion Routes: 📍 LB Nagar – Hayathnagar (7.1 km, 6 stations) 📍...
Hyderabad’s real estate sector experienced significant activity in 2024, with four major land transactions recorded. Despite a nationwide surge in land deals, the city saw a total of 67 acres in land transactions, with a notable acquisition by Microsoft. Hyderabad’s Land Transactions in 2024 📌 Total Land Acquired: 67 acres📌 Biggest Deal: Microsoft purchased 48 acres for ₹267 crore to...
🔹 Middle-Class Struggles, Luxury Boom✔️ Rising cost of living & volatile job market hit mid-income buyers.✔️ Demand for luxury homes (₹3 Cr+) is skyrocketing! 🔹 Record-Breaking Sales in 2024✔️ 19,700 luxury homes sold, up 53% YoY.✔️ Delhi-NCR leads with 10,500 sales—90% more than 2023! 🔹 Luxury Market Shift✔️ NCR luxury sales grew from 3% in 2019 to 45% in...
Hyderabad Metro Rail is on the path of expansion with six new stations planned under the LB Nagar-Hayathnagar corridor. This project is set to transform city travel, reducing commute times and boosting connectivity. Here’s a detailed look at the upcoming metro stations and their impact on Hyderabad's infrastructure. Key Highlights of Hyderabad Metro Expansion Six New Stations Announced:...