BUSINESS
Income tax portal levies late fee for filing returns despite the September 30 deadline
For the assessment year 2021-22, the tax website is levying a fine of Rs 5000 on returns fined after July 31
BUSINESS
5 steps to take on documentation after you buy a house
Recheck whether the correct stamp duty has been paid when you buy a house. Otherwise, you may receive a recovery notice from the stamp department later on.
BUSINESS
Moneycontrol Area Watch: Connectivity, established developers and choice of affordable to premium homes elevate sectors along the Dwarka Expressway
The 29 km stretch offers affordable, medium and luxury segment homes. Connectivity to offices in CyberCity, Udyog Vihar and along NH8 is quite good, too.
BUSINESS
Have a problem with your real estate builder? Here’s how RERA can help
Complaints against developers as well as real estate agents can be made, provided they are registered with the respective real estate regulation authority
BUSINESS
Moneycontrol Area Watch: Homebuyers can choose from ready-to-move-in to upcoming flats and villas in Sector 150 Noida
Prices have moved up slightly even during the pandemic and unsold inventory has shown marginal decline of 3 percent.
BUSINESS
Planning to buy a house? Get all details about the developer from these sources
When a life time's savings are at stake, it makes sense to take that extra effort to gather all information regarding the developer's credibility
BUSINESS
Without these property documents, getting a home loan is tough
The title deed, khatha, property tax receipts and layout approvals are critical. Lenders can ask for more documents and reject loan applications if the paperwork isn't in order.
BUSINESS
Deadline today: Are you a salaried individual with incomes other than salary? Check how to pay advance tax
Advance tax has to be paid in four installments, the first installment of 15%, needs to be paid by June 15. Non-payment of advance tax before the due date attracts penal interest on the due amount.
BUSINESS
Earning Rs 1 lakh monthly rent? That’s still a tiny 2% yield on your property
Many of us make the mistake of considering just the absolute cash that comes in as our rental income from our let-out properties. Instead, we must check the rental yield. Financial investments may be better options for generating regular income.
BUSINESS
New e-filing portal from today: Here's how it would benefit income-tax payers
While processing income-tax returns and refunds faster, the new portal will also provide multiple options such as net banking, UPI, credit card and RTGS/NEFT from any account of the taxpayer in any bank for payment of taxes
BUSINESS
The two most crucial income-tax filing deadlines extended
Individuals can now file their tax returns for income earned during financial year 2020-21 by September 30, instead of July 31.
BUSINESS
Explained: How plot loans differ from home loans on interest rates and income tax benefits
Interest rates on plot loans are a few basis points higher compared to those on home loans
BUSINESS
Why the demand for residential plots is rising amidst the pandemic
Chance to live in independent houses, scope for value appreciation and lots of open spaces are factors aiding the demand for plots. But buyers must scan developers carefully before investing.
BUSINESS
Can REITs replace physical real estate in your investment portfolio?
REITs cannot provide better yields post expenses and taxes as compared to any equity-oriented product. Their performance can be compared to a debt-oriented product only
BUSINESS
Tax tasks you must complete in April itself
From choosing your income-tax regime and telling your employer about it to furnishing Forms 15 G and 15 H, make sure you complete these tasks in April itself
BUSINESS
New income tax return forms for AY2021-22 notified; here are a few changes that matter
The Income tax department has notified all the ITR forms (ITR-1 to ITR-7) for AY2021-22, however utilities for only ITR-1 and ITR-4 are available so far. Here’s what this means.
BUSINESS
Getting emails and messages for not filing income-tax returns for FY 2019-20? Here’s what to do
Did a high-value purchase in 2019-20? Or invested large sums in mutual funds? If you haven’t filed income-tax returns for income earned in 2019-20, then March31 is the last date for filing or else furnish reasons for not filing income-tax returns
BUSINESS
March 31 deadline: Here are lesser-known deductions to axe your income tax
Health check-up costs, rent paid to parents and stamp duty on house registration can be claimed for tax deductions
BUSINESS
Today is the deadline to pay 100% of your advance income tax liability. Don’t miss it
Income tax rules state that if your annual estimated income tax in the current financial year is at least Rs 10,000, then you have to pay advance income tax in four installments throughout the year. Your last installment deadline for income earned in 2020-21 is March 15, Monday.
BUSINESS
Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19
Many non-resident Indians couldn’t return to their countries due to the lockdown. The tax department has clarified the rules for determining their residential status
BUSINESS
Code of Wages: Lower take-home pay today, for a larger retirement corpus tomorrow
The government's new wage code requires basic pay to be 50 percent of your total salary. Provident fund deductions will, therefore, increase.
BUSINESS
Despite Budget relaxation, taxpayers aged 75-plus may be better off filing I-T returns
Budget’s concession on tax return filing for senior citizens comes with too many strings attached and more clarity is awaited
BUSINESS
Affordable housing: Low ceiling on value limits income tax benefits from home loans
The Rs 3.5 lakh of deduction available for affordable housing made sense when the interest rates on home loans were 8-9 percent
BUSINESS
Budget 2021: Interest deduction on loans for affordable housing extended till March 2022
This deduction is over and above the deduction of Rs 2 lakh for interest payments available under Section 24(b) of the Income Tax Act, 1961
