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Important Facts On Property Tax And Ownership In India

Usually people are required to pay property tax over the property that they can claim ownership to. The owner of a property is liable to pay the tax that is levied by the local body called property tax.

Importance Of No Objection Certificate In Real Estate Transactions

A No Objection Certificate (NOC) is one such important document involved in property transactions. A NOC is a document that essentially proves the ownership of a person over the property.

Illegal Eviction- Everything You Should Know

It is observed that there are instances where the landlord uses absurd excuses to evict tenants without providing the actual reason for such eviction, as these do not provide them with any legal authority to evict tenants.

Application Of GST On Different Real Estate Properties

GST is a single tax which is applicable on a taxpayer to prevent the multiplicity of taxes, and the burden associated by complying with the different types of taxes. It was introduced to replace the old central and state taxes and the different types of taxes which had to be paid.

Payment Of Amenities In Rented Property

Developers charge an extra amount for the use of these amenities. Since these amenities are community and commercial facilities, the owners are charged a monthly maintenance fee for upholding the standards of societal living and maintenance of such facilities.

Important Facts On Month To Month Tenancy

Month to month lease agreements provide the tenant and the landlord with the opportunity of great flexibility in terms of the lease agreement.

Problems That A Seller May Face While Selling Real Estate Property

A seller invests a lot of his time, money and energy in preparing a property that has been sold. Sometimes, sellers are emotionally attached to their property, and may not want to sell it.

By |2020-12-01T08:42:02+00:00November 24th, 2020|Categories: Popular articles|Tags: , , , , , |0 Comments

Important Facts About Property Tax For Residential Property

Property tax, also referred to as house tax, is a tax that is imposed on real estate property owners by municipal authorities like the panchayat and municipal corporations. It is levied by the State Government, unlike Income Tax, levied by the Central Government.

Important Facts About The Property Tax Laws In Different States Of India

Owners of real estate property who have rented out the property owned by them, have an option to claim the deductions from the rental income. This type of deduction is called a property tax deduction.

Residential Property Registration Process In India

When one purchases a property, its registration and the documents of sale and purchase are of utmost importance. All transactions involving the sale of the property must be above Rs 100 in order to be registered.