How You Can Save Taxes on the Sale of Property in India
“You should have contacted me once before selling the property,” businessman, Mahesh Srinivas’ accountant said. “As per your current tax slab, you will have to pay a tax of 30% on the profit you made from the sale of your property.” Astonished and taken aback, Mahesh, who sold his residential property within a year after…
NK Realtors
Things You Should Know About Paying Property Tax in Hyderabad
Hyderabad has been at the forefront of e-governance for quite some time now. As a city known for giant strides in the area of the information technology industry, with major global companies choosing it as the preferred location for India development centre, its government has also simplified paying property tax in Hyderabad online. There are no manual…
A Comprehensive Guide to Making a Child Safe Home
When it comes to children, time doesn’t just fly it actually vanishes. As parents, especially mothers, know that babies become toddlers and toddlers become trekkers and climbers at an alarming speed. Add to that their natural curiosity and you have in your hands a small package that has begun to open cabinets, escape over cribs,…
Factors to Consider Before Buying a Home if You’re Under 30
“Is it the right step for you when you are just starting your career?” Ishan’s father asked, raising his eyebrows. “Son, this is the time to save for the future,” added his mother. “That’s what I am doing mom,” Ishan, who is an executive in a leading global information and measurement company, tried to justify…
Loan against Property (LAP) and Home Loan: What’s the Difference?
When Sunanda, a 52-year-old widowed school teacher, learned of her daughter Rachna’s confirmed admission with a partial scholarship to her dream college in the US, she was beyond happy. At the same time, she felt torn with anxiety over how to secure the remaining financial support for Rachna besides the scholarship at such short notice….
How to Choose the Right Window Furnishing for Your Apartment
Ambuj and Snigdha are a young couple who moved into an unfurnished apartment recently. While one of the best features of their apartment were the large, airy windows, it stumped them to think of ways to highlight them in the best possible manner. Of course, window furnishings were the first thing that crossed their mind,…
How the Union Budget 2019 Will Help Property Buyers and Investors
In an attempt to boost the real estate sector, the Union Government, in its election-year Interim Budget 2019, announced a slew of measures that would escalate the demand for properties, especially in the affordable housing segment. This year’s Union Budget gets big thumbs up from industry stakeholders because it comes at a time when the…
Precautions You Need When You Pay Rent to a Close Relative
After shifting to Kolkata, government employee Soham Ghosh took on rent an apartment owned by his maternal uncle. Being a salaried person, he claimed HRA (House Rent Allowance) tax benefit under Section 10 (13A), as he was paying rent for a residential accommodation that he does not own. This looks like a perfect scenario, but…
Home Buyers are Now Financial Creditors: What is the Difference?
The cabinet has put home buyers at par with financial creditors, such as banks, etc. after approving changes to the Insolvency and Bankruptcy Code or IBC 2016. This was enacted to shore up home buyers who are left stranded by real estate companies declaring bankruptcy. Buying an apartment includes paying for a long list of…