Taxation Articles

Taxes levied on property purchase in India

A significant aspect of the home-buying journey is to keep a budget for the additional expenses incurred during a property transaction.  While registration and stamp…

GST on rent: All you need to know about applicable tax rate

Before the implementation of GST, a property owner had to register to pay the service tax if the annual income from all the rented properties…

Tips to save taxes on a joint home loan

Home loans come to the rescue when financial challenges pose difficulty in buying a property. In many cases, home buyers apply for joint home loans,…

A complete guide on how gifts are taxed in India as per the Income Tax Act

Gift giving and receiving is often considered a joyous, exciting moment. However, the Indian taxation system recognises these gifts as income that's either taxable or…

NDMC Property tax: How to pay house tax online in New Delhi?

NDMC property tax is levied on the immovable asset that falls under the purview of the New Delhi Municipal Council (NDMC). The urban local body…

How to claim HRA under Section 10 (13A) of IT Act?

HRA is an integral part of an employee’s salary structure and is provided by organisations as per their policies. The entire HRA amount is subject…

Understanding tax implications on a gifted property

In real estate, transferring property as a gift means voluntarily giving ownership rights to someone else, either a person or an institution, during the owner's…

Property registration and Stamp duty charges in Ghaziabad

On the back of the steady rise of economic development in the city and attractive schemes being advertised by builders, many homebuyers are preferring Ghaziabad…

Section 194JB of Income Tax Act: TDS levied on fees for professional/technical services

Section 194JB of the Income Tax Act was introduced to levy taxes on certain payments made for technical or professional services. This new provision was…

What happens if property tax is not paid for 10 years in India?

Property tax is essential to fund basic services such as public safety, sanitation, and even infrastructure. Local authorities levy property tax in return for a…

Stamp duty and Registration charges in Kolkata

The stamp duty rate in Kolkata is an essential fee that buyers must pay when purchasing property. It usually depends on the property’s market value…

How to pay Moradabad Nagar Nigam house tax online?

Property owners in Moradabad can now pay Nagar Nigam house tax online. To pay property tax to Moradabad Nagar Nigam (MNN) online, a property owner…

Income from House Property: How is rental income taxed in 2024-25?

The rental income received on renting out residential property is taxable under the Income Tax Act 1961. The total taxable income can be derived based…

Stamp Duty Calculator: Calculate Stamp Duty and Registration Charges

Stamp duty and registration charges are among the additional costs a homebuyer has to pay after purchasing a property. Given that stamp duty and registration…

Navi Mumbai Property Tax (NMMC): Exemption for houses up to 500 sq ft

The Navi Mumbai Municipal Corporation, also known as NMMC, is the municipal organisation of Navi Mumbai. NMMC has gone the extra mile to create a…

How to pay Nalgonda Municipality property tax online?

The Nalgonda Municipality in Telangana levies a property tax on residential and non-residential properties based on tax assessment like other municipalities in the country. The…