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Avoiding the Section 54 Tax Trap: Real Estate Investment Lessons

Learn how a taxpayer faced a ₹99 lakh tax hit despite following the rules and how to avoid similar pitfalls in real estate investments.

Real Estate Mumbai

Panvel Extends Property Tax Fine Exemption Under 90% and 75% Bracket

Panvel City Municipal Corporation (PCMC) has extended the deadline for property tax fine exemption under the 90% and 75% brackets of the amnesty scheme, aiming to boost collections and support the 2025-26 budget.

Real Estate Mumbai

Can a Wife Claim Section 54 Tax Exemption by Selling Flats Gifted by Her Husband?

A recent Mumbai ITAT ruling has confirmed that a wife can claim full Section 54 capital gains exemption when selling flats gifted by her husband and reinvesting in a new property.

Real Estate

Haryana Real Estate Regulatory Authority Gains Income Tax Exemption

The Central Government has granted income tax exemption to the Haryana Real Estate Regulatory Authority (HRERA) under Section 10(46) of the Income Tax Act, 1961. This exemption recognizes HRERA's role as a regulatory body rather than a commercial entity.

Real Estate

CBDT Grants Income Tax Exemption to Haryana RERA Under Section 10(46)

The Central Board of Direct Taxes (CBDT) has granted income tax exemption to the Haryana Real Estate Regulatory Authority (HRERA) under Section 10(46) of the Income-tax Act, 1961. This exemption is aimed at supporting the regulatory body in its mission to ensure transparency and accountability in the real estate sector.

Real Estate Mumbai

Husband and Wife Duo Triumphs in Rs 1.3 Crore LTCG Tax Exemption Case

A husband and wife duo from Mumbai successfully won a Rs 1.3 crore long-term capital gains tax exemption case under Section 54 after purchasing a new property in joint names. Discover the key details and implications of this landmark decision.

real estate news

Selling Your Flat for a New One? New Flat Exempt from Income Tax, Mumbai Tribunal Rules

If you're planning to sell your old flat and buy a new one, you're in luck. The Mumbai Income Tax Tribunal has ruled that the new flat will not be taxable under income tax rules. This decision provides a significant relief for those looking to upgrade their homes.

Real Estate

Darjeeling's MP Raju Bista Unveils Real Estate Reforms at Siliguri Seminar

MP Raju Bista detailed the Union Budget 2025-26's key real estate reforms at a seminar in Siliguri, emphasizing income tax exemptions and other measures to boost the sector.

real estate news

Delhi High Court Rejects Widow's Tax Exemption Claim for Purchasing Two Flats

The Delhi High Court has denied a widow's claim for capital gains tax exemption under Section 54F of the Income Tax Act, as she had purchased two non-adjacent flats in Noida using the proceeds from the sale of a plot inherited from her husband.

Real Estate

Income Tax Exemption for RERA Punjab under Section 10(46A)

RERA Punjab has been granted income tax exemption under Section 10(46A), aimed at regulating and promoting the real estate sector with a focus on transparency, efficiency, and consumer protection.

Real Estate Mumbai

Navigating Real Estate: Insights from Housing.com Podcast Episode 68

Explore the latest trends in real estate investment, tax exemptions, and the Union Budget 2025. Get expert insights from Mumbai’s leading real estate professionals in this engaging podcast episode.

real estate news

Affordable Housing to Receive a Boost from Repo Rate Cut and Tax Exemptions: Hiranandani

Mumbai (Maharashtra) [India], February 7 (ANI): The real estate business is set to see significant improvements, particularly in the affordable housing segment, thanks to recent repo rate cuts and tax exemption reliefs. According to experts at Hiranandani

Real Estate Mumbai

Boost for Affordable Housing: Hiranandani Highlights Repo Rate Cut and Tax Exemptions

Mumbai (Maharashtra) [India], February 7: Real estate business leader Niranjan Hiranandani has stated that the affordable housing segment will receive a significant boost from the recent repo rate cut and tax exemption relief.

Real Estate Maharashtra

Affordable Housing to See a Boost from Repo Rate Cut and Tax Exemptions: Hiranandani

Mumbai (Maharashtra) [India], February 7 (ANI): Real estate business leader Niranjan Hiranandani has expressed optimism that the affordable housing segment will benefit significantly from the recent repo rate cut and tax exemption relief.

Real Estate Pune

Union Budget 2025: Significant Boost for Maharashtra's Development

The Union Budget 2025 has allocated a massive 1 lakh crore towards the Urban Challenge Fund, aiming to transform smart cities and the real estate sector. Additionally, tax exemptions up to Rs. 12 lakh offer significant relief to the middle class.

Real Estate Mumbai

Union Budget 2025: Real Estate Sector Welcomes Reforms, Urges Greater Focus On Housing

The removal of tax on two self-occupied properties is expected to drive fresh investments in residential real estate.

real estate news

Tax Exemption Hike Expected to Boost Home Purchases in India

The Confederation of Real Estate Developers' Associations of India (Credai) believes that an increase in the tax exemption limit will significantly enhance housing affordability and market stability, making it easier for potential buyers to invest in home

Real Estate Maharashtra

Demand for 10% Tax Exemption and Ayushman Limit Extension to ₹10 Lakh in Union Budget

As the Union Budget presentation approaches on February 1, various sectors, particularly real estate, are voicing their demands for significant financial benefits. Among the key demands are a 10% tax exemption and an extension of the Ayushman scheme limit

Real Estate Mumbai

CREDAI Demands 10% Tax Exemption and Ayushman Limit Extension to ₹10 Lakh

The Confederation of Real Estate Developers' Associations of India (CREDAI) has called for significant measures to boost the affordable housing sector, including a 10% tax exemption and an extension of the Ayushman limit to ₹10 lakh.

Real Estate

Urban Property Prices Impacting PMAY’s Objective for First-Time Buyers, IMGC Claims

Mahesh Misra of India Mortgage Guarantee Corporation (IMGC) highlights the need to update tax exemptions set in 2014 to align with escalating housing costs and suggests a 2% interest rate subsidy.