Income-tax Act

Finance (No. 2) Bill 2014: Amendments in Real Estate (Part II)

The Finance (2) Bill 2014 contains may of amendments to the Income-tax Act, 1961 specially with reference to the Real Estate Sector. The Finance Minister has proposed hundred new cities and urban development through the concept of Public Private Partnership. It is expected that this type of announcement by the Finance Minister will make a […]

nikunj.j

July 25, 2014

Finance (No. 2) Bill 2014: Amendments in Real Estate (Part I)

nikunj.j

July 23, 2014

Tax Benefit on Home Loan & the Important Income Tax Act

Easy availability of home loans for various tenure periods has helped a large number of people in realizing their dream of owning a home. Apart from providing a flexible repayment approach for purchasing one’s home, home loans also help individual tax payers by offering various tax benefits. Let us look at various tax benefits offered […]

CommonFloor Editorial Team

July 22, 2014

Budget 2014: Tax benefits you can’t miss

The budget as contained in Finance (2) Bill 2014 contains little more than what was debated, discussed and analysed on the TV channels. For the benefit of our readers, let me tell you the first most important amendment proposed in the Finance Bill, which is going to have impact on each and every individual and […]

nikunj.j

July 15, 2014

Simplification of Property tax issues

Investing in residential property forms a major investment decision for buyers in India. Due diligence should be employed while deciding on the property to invest as well as other aspects related to investment. In addition, buyers should be aware of various aspects related to their investment, especially with regards to taxes that they have to […]