Just as you can claim deduction on principal repaid under section 80C, section 24(b) gives tax relief on interest paid during the year
Among other factors, millennials don’t want a huge EMI burden early on in their careers
A common myth is that, since the property is co-owned, the income from the property should be taxed equally in the hands of the spouses who are the co-owners.
Carefully preserve the records of your financial transactions relating to the house property, proof of payments, sources of investment etc.
It tries to balance the rights and interests of owners, tenants
The move comes as auto sector sales plummeted 19 percent till February this year alone and may be seen as targeted toward millennial customers. There is potential for growth as the segment is only 1 percent of the market as of now.
It plans to expand Indian footprint to over 50,000 beds and 20 properties by tapping markets such as Noida, Mumbai and Kota.
As people migrate to major metro cities of the world for better opportunities, accommodation is increasingly becoming a problem. Let us take a look at some major cities and see what percentage of an average household's income is spent only on rent
Chennai has witnessed a huge influx of population, owing to the growth in employment opportunities, especially in the IT and manufacturing sectors. Obviously, this had led to a rise in the demand for properties R
Rakesh Sharma, a retired doctor, spent his lifetime savings to buy an apartment along the Noida-Greater Noida Expressway. Sharma, who already owned a house in Delhi, hoped to lead a comfortable life after retirement, R
The Mumbai Income Tax Tribunal, recently delivered a very important decision on the claim for tax exemption on HRA (House Rent Allowance). Let us analyse the decision in details, with its ramification and relevance R
When Surinder Kumar (name changed), a central government employee, shifted to New Delhi after his promotion, he moved into a two-bedroom rented apartment in an upmarket society in Dwarka. His landlord, who lived abroad, R
Housing.com, part of Elara Technologies Pte Ltd, which also owns PropTiger.com and Makaan.com announced, on April 17, 2017 that its â€˜Rentals‘ offering has gone live on the portal. The reintroduction of rentals has been R
Taxation of rent received The Income Tax Act of India has a specific head of income, titled â€˜Income from house property‘, to tax the rent received by an owner of a property. So, any R
Most builders often develop bare-shell apartments and hand it over to their occupants. The buyers, based on their needs and budget, either choose to start living in these or rent it out to prospective R
Owing to a decline in supply of good quality office space, the net absorption in 2018 is likely to be much lower, as compared to 2017 and 2016, according to a recent survey by R
The Mumbai Police has said that owners or landlords should submit furnished documents of their tenants (foreigners or Indians), before renting out the property to them. The police issued an order to this effect, R
People who are unmarried or single, often face problems in finding apartments on rent, across the major cities of India. â€œBeing single is a lifestyle statement. It is not a crime by any stretch R
The decision to buy or rent a house is a crucial one for your financial and emotional well-being and should be taken after a lot of deliberation. Here are some of the aspects one R
A home owner who is looking to rent out his/her property, can either advertise the vacancy online or in newspapers or even approach a broker. Likewise, a prospective tenant can search for options online R
An individual who is in the initial stages of his/her career, is likely to have very limited financial spending capacity. Therefore, when it comes to finding a place to stay, a rental home may R
Mayur Shah, an NRI from Boston, wanted to invest in a residential house in India. His first choice naturally, was his hometown of Ahmedabad. However, he was advised by the local agents to instead R
When searching for a home on rent, a common dilemma faced by prospective tenants, is to evaluate which amenities are necessary and accordingly, what the rental value of the home should be. â€œIn metropolitan R
The rental housing market has many options, available at various rates. Consequently, it may be difficult for a prospective tenant to figure out how much to spend as rent. The answer to this, depends R
Athira Sreedevi KV, a government employee, took a one-bhk apartment on rent in Bandra as it was close to her office, even though it meant spending much more on rent than what she was R