The FinTech Hub
Source: Live Mint Can I buy two residential house properties to claim exemption on long-term capital gains from the sale of one house? Can I buy two house properties in the joint names of self and other family members to claim an exemption for long-term capital gains from the sale of one residential house property…
Source: Live Mint I bought an under-construction house in September 2023 and have made several payments toward it. Here is a breakdown of the expenses I have incurred so far: In 2023, I made an initial payment of ₹5.5 lakh as a token amount to the builder. I also paid ₹4 lakh to the government…
Source: Live Mint I purchased a flat worth ₹50,00,000 on 15/4/2024, against which I took a home loan. On 15/10/2024, I sold my 10 years of commercial property for ₹45,00,000. So, to get long-term capital gain tax exemption, is it necessary to repay the home loan amount from the money I got from selling the…
Source: Live Mint (Bloomberg Opinion) — Do people see residential property as a utility or an investment? Hong Kong’s property tycoons are racing to find out. Consider Uptown East in Kowloon Bay, developed by Wong Sun Hing Ltd. Its latest pre-sales pitch included a so-called “super flex stage payment plan”, where buyers only need to…
Source: Live Mint Take the case of Aarav, who was looking to shift to a different city. Luckily, a certain Mr. and Ms. Raghavan were looking for an apartment in his neighbourhood. It was a match made in heaven. There was one problem, however. Aarav still had a ₹80 lakh loan pending on the house,…
Source: Live Mint My wife and I are both NRIs. She owns a residential property in India which she has rented out. She requested the tenant to credit one month’s rent into my NRO account instead of hers since I’m due to visit India shortly and can use those funds for local expenses. The resident…
Source: Live Mint A report by Anarock found the demand for 3BHKs has now surpassed that of 2BHKs, and the sale of high-end apartments (above Rs.1.5 crore) has increased nearly four-fold since 2021. Meanwhile, demand for affordable housing (below ₹40 lakh) fell to 21% of homebuyers in the second half of 2023 from 25% in…
Source: Live Mint I am a NRI with a residential property in Mumbai that I have rented to a salaried individual. The monthly rent is ₹90,000 and the lessee has deducted TDS at 5%. In the lease agreement, I mentioned my Indian address and PAN but did not inform the tenant about my NRI status….
Source: Live Mint I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please advise whether I, as a tenant, must deduct tax before paying rent every month to the NRI landlord. If yes, how…
Source: Business Standard 3 min read Last Updated : Sep 05 2024 | 1:58 PM IST Despite rising prices, a total of 25 ultra-luxury homes (priced over Rs 40 crore) were sold in Mumbai, Hyderabad, Gurugram, and Bengaluru in the first eight months of 2024, according to data analysed by property consulting firm Anarock….
