Property

In terms of taxes, the idea of considered ownership of real estate is essential. It is applicable when someone transfers assets, for any reason, to their spouse or a minor kid. The fact that this person is the presumed owner subsequently affects their tax obligations. Comprehending this notion is vital for proficient tax planning. So, […]

Mumbai’s infrastructure is about to undergo a significant transformation, with multiple projects scheduled to open by December 2025. The goal of these massive projects is to solve Mumbai’s long-standing connection problems. And build a speedier and more convenient commute path that connects the city’s numerous neighbourhoods. The following is a list of five infrastructure projects

Residential & Commercial Builders, In a nation where the shortage of real estate plagues the expanding population, builders and developers face a significant amount of unsold inventory. What in real estate terms is unsold inventory? In spite of the rising demand in the residential and commercial sectors, why are so many real estate units remain

If an individual file an annual tax return with errors, they are entitled to receive a notice of intimation under section 139(9) of the Income Tax Act 1961. Nevertheless, if you get a notice like this in your inbox, there’s no need to freak out or stop sleeping. To learn more about the section’s ramifications

Flats in Kandivali, Mumbai- Growing demands for larger homes in Kandivali are being driven by changing lifestyle preferences. Kandivali is being known as a thriving neighbourhood in Mumbai’s real estate market, attracting the interest of both investors and prospective homeowners. The demand for homes in this booming area has recently increased at an unprecedented rate,

Purchasing a home is a significant decision, but it can also be difficult and provide unique difficulties. Myth vs Reality- We dispel a few common misconceptions that can impede decision-making in order to make this trip easier to navigate. Many people find buying a home to be an overwhelming task, which has led to a

The Income Tax Act (ITA) applies to both persons and corporations that are involved in financial transactions under Section 40A(2)(b). By prohibiting the abuse of professional services, this clause guarantees honest financial transactions. All money sent to family members or other recipients has to comply with tax laws, according to ITA regulations. Important information on

In India, parents are legally permitted to oversee their child’s belongings until the youngster reaches adulthood. This entails using the resources wisely and behaving in the child’s best interest. However, what about the parental entitlement to their child’s belongings? Are there any such rights for them? If so, what is the relevant legal framework? Read

When it comes to income tax, residency status is essential to figuring your tax responsibilities. It influences how income and investments are treated by the tax system and is dependent on how long a person stays in a nation. This article defines resident status for income tax purposes, highlights the distinction between residents and non-residents

Landlord’s Legal Rights- The law grants the landlord the authority to collect rent at going rates in the neighbourhood. The best approach to get extra money is to rent out your property. For this arrangement to have legal validity, the renter and the landlord must execute a formal contract, also referred to as a rent