real estate news
Supreme Court Rules Sale of Land by Real Estate Developers Not Taxable under Service Tax
The Supreme Court of India has ruled that the sale of land by real estate developers does not constitute taxable services under the Finance Act, 1994, providing significant clarity for the real estate sector.
Real Estate
Real Estate Depreciation: A Smart Strategy for Reducing Tax Bills
The Income Tax Act allows depreciation for real estate, including 5% for residential properties, 10% for commercial buildings, and around 40% for temporary or special-purpose structures. This can significantly reduce tax liability for property investors.
Real Estate Mumbai
Navigating Tax Obligations When Buying Property from an NRI
Vikram Patel, a Mumbai resident, discovered the complexities of buying a property from an NRI, Neha Kapoor, based in Singapore. Learn about the tax liabilities and TDS obligations involved in such transactions.
Real Estate
Understanding Indexation Benefit in Property Sale: Is It Worth It?
Discover the benefits of indexation in property sales and how it can significantly reduce your tax liability. Learn who can avail this benefit and whether it's worth considering.
Real Estate Mumbai
Understanding the Amendment to LTCG Tax Rule for Homebuyers
The government has made significant changes to the LTCG tax rule, providing relief to homebuyers. Here's what you need to know.
Real Estate
The Impact of Removing Indexation Benefits on India's Real Estate Market
The removal of indexation benefits for long-term capital gains in real estate may lead to a significant decline in property sales, experts warn.