Cost Inflation Index is used for computation of long term capital gain/ loss from the sale of assets such as property, gold, shares, bonds etc. While calculating applicable capital gain tax, the index is used to reduce inflationary gains which eventually reduces the income tax liability. What is Cost Inflation Index? The value of an […]
Cost Inflation Index | Capital Gain Index | Upto 2014-15 Read More »
Want to buy or sell property? Not sure whether to use a real estate agent or not? While doing the work yourself can save you some money, the deal can end up being costlier than agent’s commission. Perhaps you are not aware how a Real Estate Agent can help you. Here is our list of
Why Use A Real Estate Agent? – 10 Compelling Reasons Read More »
Section 54D of Income Tax Act 1961 provides for tax exemption on capital gains that arises from compulsory acquisition, under any law of capital asset, of land or building or any right in land or building (original asset) belonging to an industrial undertaking. Following conditions should be satisfied to claim exemption under section 54D: 1.
Section 54D of Income Tax Act 1961 – Decoded! Read More »
Before you buy a property, you must check all property documents to make sure that you buy a genuine property. The documents that need to be checked are different for under construction and ready to move properties. Here is a list of all property documents to check before buying a flat or plot. Property Documents
Property Documents to check before buying a Flat or Plot Read More »
“What are the additional charges when buying a house?”, asked one of our readers. So, we thought of writing a detailed post on the topic and clearing the doubt once and for all. All of us want to buy a house or invest in property at some point in our lives. Isn’t it? Once you
17 Additional Charges When Buying a House Read More »
OK. You want to sell your property. You have done the market study, set the price, started advertising, engaged a broker and made all paperwork ready. But are you aware of tax implications that arise from any profit or loss that you will make on your investment. Many sellers ignore such tax implications which may
Capital Gain Tax on Sale of Property – The Complete GUIDE Read More »
Renovating a house can put financial strain on your pocket. To ease off such a pressure, you can take home improvement loan, also called as house renovation loan. Most people do not know that they can avail tax benefit on home improvement loan. In this article, we will tell you all about renovation loan and
Home Improvement Loan Tax Benefit Guide Read More »
If you want to buy a house, you can either go for an under construction or ready to move property. Both have their merits and demerits. Many people prefer to buy an under construction property simply because they are much cheaper as compared to a ready to move-in property and have much easier payment plans.
Income Tax Rebate on Home Loan for Under Construction Property Read More »
India is currently witnessing lot of changes not just in economic terms but also in the way society functions. Earlier, in joint families parents could depend on their children for their medical and other financial needs. But in today’s world, young people are working across geographies and many old people are staying alone. They have
Reverse Mortgage – Guide on Reverse Mortgage Loan Scheme Read More »
Typically when you apply for a home loan, you will be offered another product known as home loan insurance bundled with the home loan. Sometimes, the home loan insurance is made mandatory by the bank which means if you take home loan from that particular Bank, you have to necessarily take the home loan insurance.
Home Loan Insurance – Is it best option to insure home loan? Read More »