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Micro Labs managing director buys bungalow in Bengaluru’s Koramangala for Rs 66 crore

Given the limited supply of plots and independent houses and high demand from ultra-high net worth individuals, only a few deals were finalised during the two-month window for Section 54 and 54F, said brokers active in the area.

FM Nirmala Sitharaman interview: Why do you also expect favours for second, third and fourth houses?

The FM was responding to the Budget proposal limiting the deduction from capital gains on investment in residential property to Rs 10 crore

Property acquired in spouse’s name allowed for exemption under Section 54: Karnataka high court

The high court also ruled that property in spouse’s name cannot be construed as owned by the income tax assessee for determining eligibility for exemption under Section 54F

Bought a new house by selling a couple of old properties? You can still claim relief from capital gains tax

The beneficiary must be an individual or a HUF and the residential properties being sold should have been held for more than two years

Budget 2017: Provisions for redevelopment projects to bring relief to home owners

As per the income tax laws, any profit on sale or transfer of your house or land becomes taxable, in the year in which you transfer the same. As per the Transfer of Property &#82

Indexation: How it affects long-term capital gains tax calculations

Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head â€˜capital gains‘. For computing capital gains, the immovable &#82

Budget 2017: What did developers and home buyers gain

Budget 2017: For individual home buyers No change in home loan exemptions With skyrocketing prices of homes, in big as well as small cities, the average size of the home loan that an &#82

Completion of construction and its importance under income tax laws

There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one‘s property. Deductions pertaining to repayment of the principal component of a &#82

Long-term capital gains tax: Exemption on buying multiple houses

According to Indian tax laws, an assessee is entitled to claim exemption on long-term capital gains tax, on sale of a property or any other asset, if s/he purchases a residential house. However, there &#82

How to save tax on the sale of a house

When you make a gain on the sale of a house, you have to pay a tax on your gains. If three years have passed between the date of purchase and sale of the &#82

Ready-to-occupy scores over under-construction property

Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications.