Income Tax

Buying a house is often the biggest financial decision of your life. Real estate in India is deeply tied to emotions, tradition and aspirations, and for Indians, it can be easy to let the excitement of home buying overshadow practicality. This is why it is important to be aware of the financial implications of your decisions and avoid the most common mistakes when buying a house in India. Since you’re...

Owing a Property is a huge milestone, but it comes with its fair share of responsibilities. This includes understanding your taxes and more. One term you’ll often come across while filing taxes is the annual value of house property. If you are a new taxpayer, this may be something difficult to understand. In this blog, we’ll look into what the annual value of house property means, how to calculate...

The Confederation of Real Estate Developers’ Associations of India (CREDAI) has initiated a pivotal discourse on redefining affordable housing parameters to align with the current economic landscape. This initiative aims to address the challenges posed by inflation and escalating construction costs, thereby fostering a more inclusive and sustainable housing market. The Rationale Behind Revising the...

Joint co-ownership of house property stands as a strategic pillar in modern real estate investment, especially for families, couples, and business partners in India. By embracing shared ownership, buyers gain access to substantial tax benefits, enhanced loan eligibility, reduced stamp duty, and simplified asset management. This detailed guide explores the financial, legal, and strategic dimensions of...

Tax Deducted at Source (TDS) is an important aspect of real estate transactions in India. Section 194IA of the Income Tax Act, 1961, mandates buyers to deduct TDS when purchasing a property above a certain value threshold. Understanding the applicability, calculation, and compliance requirements of TDS ensures smooth property transactions while avoiding legal complications. This guide provides a...

Long-term capital gains (LTCG) tax on property is a pivotal aspect for high-net-worth individuals (HNIs) in India, especially when engaging in real estate transactions. Understanding the nuances of LTCG tax regulations is essential for effective financial planning and optimizing tax liabilities. Recent Developments in LTCG Taxation In the Union Budget 2024-25, significant amendments were introduced...

The Union Budget 2025 introduces a series of transformative measures aimed at revitalizing the real estate sector and making homeownership more attainable for the middle class. These initiatives are poised to stimulate economic growth, bolster infrastructure development, and restore confidence among homebuyers and investors. Significant Tax Relief for the Middle Class A pivotal component of the...