The recent amendment to the Finance Bill, which offers the choice of a 20% LTCG tax with indexation or a 12.5% tax without indexation for property deals before 23 July, is a welcome change. This move marks a U-turn from the finance minister’s announcement in the Budget 2024 to remove indexation. However, the amendment should … Read more
The Budget has dealt a blow to property owners by removing the indexation benefit. Previously, sellers could adjust the purchase price of a property for inflation, which would significantly reduce capital gains tax. The silver lining, however, is that the long-term capital gain (LTCG) tax has been reduced to 12.5% from 20% earlier. But, those … Read more
We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered … Read more
I am interested in understanding how the Transfer of Property Act (TOPA) deals with the concept of ‘lis pendens’ and its implications? —Name withheld on request Lis pendens in common parlance means “a pending legal action”. The doctrine of lis pendens finds its place in Section 52 of TOPA which provides that if there … Read more
Investing in second homes presents an enticing opportunity, offering both financial gains and personal fulfilment. These properties can add diversity to your real estate portfolio and generate passive income through rentals. However, before making a purchase it is essential to keep the following points in mind: Also Read: Real Estate: How can you maximise wealth … Read more
However, the large ticket size meant that the asset class was always exclusive to HNIs or institutional investors. Over the last half a decade, with the advent of tech platforms and listing of Real Estate Investment Trusts (REITs), this asset class has become more accessible to the general public due to smaller ticket sizes in … Read more