The cost of inflation index (CII) for the financial year 2020-21 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2020-21 as 301. For the previous FY 2019-20, CII value was 289. The rate of inflation for indexation purposes is specified by the Indian Government for every […]
Real Estate
Latest BDA Plots E-auction 2020 | Details & Online Procedure
The Bengaluru Development Authority (BDA) has re-commenced auctioning its corner sites in various layouts. This comes two months after the Karnataka State Chief Minister B.S. Yediyurappa announced that around 12,000 BDA sites will be auctioned in a phased manner. Since 2011-12, the BDA has been aggressively offering the plots for sale through e-auction. These are […]
Cost Inflation Index FY 2019-20 / AY 2020-21
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 […]
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 […]