Introduction: The Role of the 2024-2025 Budget in Shaping Real Estate The Union Budget 2024-2025 has brought forward significant changes that are expected to have a profound impact on the Indian real estate market. From tax reforms to infrastructure investments, the budget outlines several initiatives aimed at driving growth in the sector. In this blog post, we will explore the key changes introduced...
Understanding Indexation in Real Estate Indexation is a critical concept in the Indian real estate market, particularly when it comes to calculating capital gains tax on the sale of property. It allows property sellers to adjust the purchase price of their asset for inflation, effectively reducing the taxable gains. What is Indexation? Definition of Indexation Indexation is a tax...
Introduction to Capital Gains in Real Estate In the real estate industry, capital gains tax is a crucial factor that can significantly impact your investment returns. With the introduction of the new tax regime in India, it’s essential for property owners and investors to understand how short-term and long-term capital gains are taxed. What Are Capital Gains in Real Estate? Definition of...
Understanding TDS on Rental Income in India In India, Tax Deducted at Source (TDS) is a significant aspect of tax compliance for property owners earning rental income. This blog post will explore the rules and regulations surrounding TDS on rental income, helping property owners and tenants understand their obligations under Indian tax laws. What is TDS on Rental Income? Definition and...
What Are Indexation Benefits in Capital Gains? Indexation benefits are a crucial aspect of capital gains taxation in India, particularly for real estate investors. They allow taxpayers to adjust the purchase price of their property to account for inflation, thereby reducing the taxable capital gains. How Does Indexation Work in Real Estate? Adjusting for Inflation Indexation involves...
Understanding NRI Tax Obligations in India Non-Resident Indians (NRIs) often invest in Indian real estate, attracted by the potential for rental income and capital appreciation. However, one common question is whether NRIs are required to pay taxes on the rental income and capital gains they earn from these properties. Taxation of Rental Income for NRIs Is Rental Income Taxable in...
Understanding NRI Taxation in India As a Non-Resident Indian (NRI), you may assume that your tax obligations are limited to the country where you reside. However, if your income in India surpasses certain thresholds, you could be taxed as an Indian resident. It’s crucial to understand these rules to ensure compliance and avoid any legal hassles. When NRIs are Taxed as Indian...
In a recent ruling, the Supreme Court of India made a significant decision regarding the inheritance rights of Hindu wives in the case of marriages with Muslim husbands. The ruling clarified that Hindu wives cannot inherit the property of their Muslim husbands under Muslim Personal Law. This decision has sparked discussions and debates surrounding religious personal laws and the rights of individuals in...
Leases are a common form of property arrangement in India, particularly for land and real estate transactions. One striking feature of many leases in India is their duration of 99 years. This seemingly arbitrary number has historical, legal, and practical reasons behind it. In this blog post, we'll delve into why leases are typically for 99 years in India and explore the implications of this...
Discovering that someone has forged your property papers can be a distressing and challenging situation. Property forgery not only jeopardizes your ownership rights but also exposes you to legal and financial risks. In this blog post, we will discuss the steps you should take if you suspect or confirm that someone has forged your property papers in India. Recognizing Property Forgery Before delving...