Buying a property (home/plot/land) is one of the most important decisions that you will ever make. Buying a property involves a lot of money and it is a serious money decision. When buying a property, due diligence is essential and you have to verify a lot of important property documents. Patta or mutation or Khata […]
Topics - Real Estate
Occupancy Certificate, Possession Certificate & Completion Certificate – Meaning & Importance
Do you own a Flat in an Apartment / high rise building? (Or) Have you booked a Flat which is under Construction? Then you need to know the importance of documents like Completion Certificate (CC) and Occupancy Certificate (OC). Occupancy Certificate is also known as Possession Certificate (PC). As these certificates are not required while registering […]
How to save Capital Gains Tax on Sale of Land / House Property?
Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating. Examples include a house, land, household furnishings, stocks, bonds or mutual funds held as investments etc., When you sell a capital asset, the difference between the […]
Understanding Tax Implications of Income from House / Property
If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the head “Income from House Property”. One important point to be kept in mind is that such a property should not have been used for personal […]
Reselling Property within 3 years of buying? – Watch out for charges & Tax liability
When I met one of my friends last week, he was very happy that he is making a huge profit on one of his property investments. He bought a 3BHK Flat in Bangalore in 2012. He purchased the property for Rs 50 Lakhs (including registration & brokerage charges). Now, he is reselling it for Rs […]
REITs in India – Features, Benefits & Tax Implications
REITs (Real Estate Investment Trusts) are soon going to be a reality in India. The Securities & Exchange Board of India (Sebi) has issued final guidelines for Real Estate Investment Trusts (REITs). While the concept of REITs been in existence in developed markets for several years now, it is a new concept in India. In […]
