The cost of inflation index (CII) for the financial year 2019-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2019-20 as 289. For the previous FY 2018-19, CII was 280. The rate of inflation for indexation purposes have been specified by the Indian Government for every […]
Real Estate
How to save Tax on Rental Income in India?
Tell me, who does not like to own a property that generates a steady rental income? If you have the option, owning assets that produce income is a better financial strategy than owning assets that generate expenses. Rental Income or income from property is one of the most common sources of income in India after […]
Is Rs 1.5 lakh additional Home Loan Tax Deduction really beneficial? | New Section 80EEA
In the latest Union Budget an additional Income Tax deduction of Rs 1.5 lakh on affordable home loans has been announced. A new Section 80EEA will be introduced under the IT Act. As per the proposal, income tax payers will get maximum tax benefit of Rs 3.5 lakh on home loans of up to Rs […]
Budget 2019 – Rs 1.5 lakh Additional Income Tax deduction on affordable home loans | Section 80EEA
The Union Finance Minister Nirmala Sitharaman, in her maiden Budget speech on Friday, announced an additional Income Tax deduction of Rs 1.5 lakh on affordable home loans. A new Section 80EEA will be introduced under the IT Act. As per the proposal, income tax payers will get tax rebates of around Rs 3.5 lakh on […]
What is Repo Linked Lending Rate (RLLR)? Will it be beneficial to the Borrowers? | Definition, components & review
The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits. Banks take in funds, called Deposits, from those with money, pool them, and Lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). The amount banks pay for deposits […]
6 Steps for Renting Commercial Property in India
Renting a residential property pales in comparison to leasing commercial properties. It involves larger spaces, higher rent, higher agent fees, and hence leading to higher overall investment. While residential agreements are made usually for 11 months, commercial agreements are B2B or B2C and are signed for much longer durations. There are too many complexities involved, […]