News and Updates

Will expenses made for buying a house become eligible for capital gains exemption?

Section 54 stipulates that a new house property purchased within 2 years or a new flat constructed within 3 years will be eligible to claim exemption u/s 54 of the Act.

Property papers lost, damaged, destroyed? Get a ‘Certified or True Copy’

Property registration papers are essential documents that establish your ownership. Here’s what you should do if you lose them.

Interest Equalisation Scheme: How to apply for loans from banks at concessional rates.

Liquidity crunch is a common problem for many manufacturing firms. The government’s Interest Equalisation Scheme is aimed at addressing this to some extent.

Can curated portfolios like "Smallcase" offer better returns than mutual funds?

Can baskets of stocks based on various themes, strategies and allocation processes beat mutual funds and give you better returns?

‘Flat buyers can opt out, claim refund if builder fails to provide amenities'

In a landmark judgment, the MahaRERA court held in case of misrepresentation by the developer in the sales brochures, advertisement buyers can claim a full refund, with interest.

How to make contributions into NPS account

NPS offers tax benefits up to Rs 1.5 lakh under section 80CCD(1) and up to Rs 50,000 under section 80CC(IB) (over and above 80C benefit). NPS contributions can be made in the following ways.

How credit cardholders will benefit from new RBI rules

The issue of unsolicited cards/upgradation is strictly prohibited.

Buying or selling property in India? Know all about the tax implications

NRIs selling house properties in India have to pay tax on the Capital Gains. The tax payable on the gains depends on whether it’s a short-term or a long-term capital gain.

RBI issues new guidelines for credit, debit cards. Key highlights

These fresh guidelines will come into effect from July 1, 2022.

Using your credit, debit card for these international transactions is prohibited

If you are a credit card or a debit card holder, then it is important to know that certain international transactions are prohibited by the Reserve Bank of India. If an individual undertakes these prohibited transactions then a penalty can be imposed...

Mumbai: Now, no NOC needed from housing society to sell or rent flats in city

This would enable the owners to conduct his/her rental/sale transactions without hassles or delays and prevent harassment by the society committees to green signal such proposals.

How to avoid excess TDS on salary?

The tax on salary is deducted under section 192 of the Income-tax Act, 1961. It is important for an employee to submit certain documents to avoid excess TDS, especially before the deadline mentioned by your respective HR.

Do you qualify as an NRI, RNOR or an ordinary Indian resident?

Your residential status can change from one financial year to the next. So, if you are a non-resident for one year, for the next year and thereafter you must check your status again if you’ve travelled or changed homes etc.

Renting vs Buying a house: Pros and cons

Instead of simply following your parents' recommendations, examine the advantages and disadvantages of renting versus buying.

5 simple tips to reduce your AC bill this summer