Latest Answer: Yes, it is just making the buyers ineligible for the tax-deduction. It is a fact they would have known at the time of taking home loan. It is better to buy your own home than rent a property for yourself.
Latest Answer: Yes, and my only recommendation is that the government should fast track the process of preparing the Draft National Urban Rental Policy 2015 and Draft Model Tenancy Act 2015. Increase Tax exemption for rental income from 30 % to 50 % while giving woman headed households full exemption.
Latest Answer: Hi,
But on the other hasnd, total new launches, across top cities decreased by 11% q-o-q to 67.1 million sq-ft. with Bengaluru witnessing the highest addition of 15.8 million sq-ft. The NCR witnessed 61% declining in new launches during the qtr.
Q:Hi everyone,Its Srinivas, I got recently shifted to Hyderabad and I was looking to buy a home of 3 bed room which should be near or surround to the Hitech City. Can anyone suggest good residential place near Hitech City would be much appreciated.
Q:Hi,I have booked the apartment at the rate of 3500 PSF 3 years back & have housing loan sanctioned from SBI for the valaue derived at that rate. My apaertment is due for registration now .Can you please let me know the guidance value for apartment at Thubarahalli, Bangalore ( Class A builder).If the guidance value is higher than the booking rate e.g a guidance value of 4500 PSF, do I need to register the apartment at this guidance value or I can do the registration at the rate apartment was booked.Thanks,
Latest Answer: As per the rules, the buyer of the property is required to deduct Tax (TDS) and deposit the same with the Government. The rate at which the buyer needs to deduct tax is 1% and it may go up to as high as 20% if the seller does not disclose his PAN. This rule also covers the property purchased through home loan.