Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Surat-based Amit Rastogi booked an under-construction flat for ₹85 lakh. The developer levied GST at 5% on each installment, increasing the overall cost of the property. Since the value exceeded ₹50 lakh, Amit was also required to deduct 1% TDS on every payment and deposit it using Form 26QB. Before buying a property, homebuyers should […]
Real estate industry body, the Confederation of Real Estate Developers’ Associations of India, has urged the government to revisit the definition of affordable housing and extend tax incentives to developers in the Union Budget 2026. It said the existing price cap of ₹45 lakh is no longer realistic and should either be scrapped or raised […]
The year 2025 has been favourable for real estate from a taxation perspective. Simplified capital gains rules and streamlined GST have brought greater clarity for homebuyers, prompting even fence-sitters to consider making a purchase. Here’s a closer look. Simplified capital gains rules and streamlined GST brought greater clarity for homebuyers in 2025, (Representational Image) (Pexels […]
Ahmedabad-based Arjun Saxena and Kavya Saxena purchased a flat with an annual home loan interest of ₹3 lakh. If Arjun had taken the loan alone, he could claim only ₹2 lakh under Section 24B, losing the tax benefit on the remaining ₹1 lakh. Instead, they chose joint ownership with equal EMI contribution. When a home […]
The implementation of India’s four new Labour Codes—which consolidate 29 existing laws—marks a significant overhaul of the country’s employment and social security framework. India’s new labour codes introduce major changes to gratuity, Provident Fund (PF), and salary structure, aiming for wider worker protection and formalisation. (AI Image) India’s four new labour codes are: Code on […]
Property tax is mandatory, but the rules are complex and differ across the country. Learn the three key systems used to calculate your tax, how to find rebates you qualify for, and what penalties you face if payments are delayed. Property Tax: Municipal bodies across India generally rely on three primary systems for calculating tax: […]
Gold dipped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could weigh on demand in one of the world’s largest precious-metals markets. Gold prices are still up by more than 50% in 2025 as the fundamentals that pushed gold higher are expected to remain in place. […]
Meera Soni, 35, a doctor, owns a two-storey building in Pune. She uses the ground floor as her clinic and lives on the upper floor. The total value of the property, excluding the land value, is ₹80 lakh. Since half of the property is used for professional purposes, she can claim depreciation on that portion […]
The Income Tax Department on Wednesday extended the deadline for filing income tax returns (ITRs) for corporates and assessees requiring an audit for the assessment year 2025–26 to December 10. CBDT has decided to extend the due date of furnishing of Return of Income for the AY 2025–26. (Reuters) Under the Income Tax Act, such […]
Apple Inc. is lobbying the Government of India to modify its income tax law to ensure that the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers. That, Apple believes, hinders expansion in its fastest growing market. Apple’s contract manufacturers Foxconn and Tata have pumped in billions of […]
