Are you planning to buy a property from NRI? While purchasing a property from Non-Resident Indian, the rules are different. In such cases, tax has to be deducted before making the payment to the seller which is commonly referred to as TDS (tax deducted at source). It is section 195 of Income tax act, 1961 … Read more
What are the documents that you should ask from the seller while buying property? How do you check whether they are original? Which are the certificates that you need to obtain? What do these certificates mean? Which documents do banks ask for when processing your loan application? These are some questions that every property buyer … Read more
Areas around Chennai, Coimbatore and Nagercoil are emerging as hotspots for property investments. But before making a real estate investment, it is essential to understand rules and regulations related to property transactions in Tamilnadu, various property documents and certificates, tax implications and the stamp duty payable. The FAQ section of the Tamilnadu State Registration Department … Read more
Reserve Bank of India Governor Duvvuri Subbarao said on Monday in a post-policy conference call with analysts that there is no Housing Price Bubble building up in India and there is no cause of concern for investors in Indian Real Estate. http://articles.economictimes.indiatimes.com/2013-05-06/news/39065097_1_india-governor-duvvuri-subbarao-key-policy-rates-liquidity
Property investment decisions should be done unemotionally, with adequate scrutiny. Research the property and the area well. All the pros and cons of the investment should be carefully weighed before a decision is made. For any real estate investment, study all property documents closely and get a fair idea of the property’s history of transactions. … Read more
Which is the best real estate strategy? There’s only one answer – Buy low and sell high. But how do you do it in the Indian market? How do you buy a property at the right price? Which are the growth drivers to look for? What kind of property should you invest in? Are we … Read more
A new section has been introduced in Indian Income Tax Act with effect from June 1st 2013 regarding the deduction of Income Tax at source with respect to purchase of immovable property. The new section deals with situations that involve The purchase of immovable property Sale value is more than Rs. 50 lakhs Money is … Read more
Any transfer of an immovable property will now invite a tax deduction at source of one per cent on the value of the transfer if it is Rs. 50 lakh or more, according to the provisions of the Union Budget 2013, which has come into force with effect from June 1, 2013. Cess and surcharge … Read more