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Category Archives: Income Tax Benefit in Residential Real Estate
CBI busted the housing finance racket
CBI busted the housing finance racket of “bribe and kick-backs for loans” and said the case cannot be called as a housing scam. Recently, the CBI busted the housing finance racket and arrested eight top officials of banks and financial … Continue reading
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You can get a mortgage loan after bankruptcy
Have you filed for bankruptcy and are wondering if you will ever be able to own a home again? Here is what you need to know to get a mortgage loan after bankruptcy! If you have filed for bankruptcy, you … Continue reading
Posted in NRI Updates
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Commercial Property in Gurgaon – Finding Good Areas
If you are not familiar with the growth patterns, ask an experienced real estate agent, talk to an active real estate appraiser, or visit the Chamber of Commerce. Make sure you concentrate on an area that is growing. You do … Continue reading
Rupee weakens tracking Asian peers, dlr gains
MUMBAI (Reuters) – The rupee fell on Monday, tracking weak Asian units and the dollar’s overseas gains against majors, with concerns of likely capital outflows as the year-end approaches also weighing on the sentiment. Foreign funds are looking to wind … Continue reading
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Changes in taxation of income from house property
The proposed Direct Tax Code contains many provisions that aim to change the mode of taxation of ‘income from house property’ . In order to simplify the determination of taxable income and eliminate any scope for litigation, the code will … Continue reading
Kotak Mahindra Bank upgrades online remittance portal for NRIs
Eyeing a greater share of the remittances pie from the diaspora, private sector lender Kotak Mahindra Bank has upgraded its online remittance portal for Non-Resident Indians (NRI). The facility, christened ‘Click2Remit’, will enable NRIs to remit in nine currencies like … Continue reading
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NRIs can pay insurance premium in India
Non-resident Indians (NRIs) can take a rupee currency insurance policy in India. All individual schemes marketed by insurance companies in India are available to a NRI holding an Indian passport. Foreign nationals of Indian origin can also take insurance policies … Continue reading
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NRIs to pay more tax if they stay more in India
Overseas Indians would now be severely restricted with regard to their length of stay in India if they were to avoid paying income tax on their global income. A Bill to that effect was introduced in the Indian Parliament last … Continue reading
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Cost Inflation Index can reduce the Capital Gains Tax Liability under Direct Tax Code
The cost-inflation indexation of acquisition cost of an asset can reduce substantial amount of capital gains tax liability. This helps you inflate the cost of acquisition of your property due to price rise during the period. The Direct Taxes Code … Continue reading
NRIs to be watchful of DTC Bill
The recently released DTC Bill has unraveled some unpleasant surprises for the NRIs, Rohit Bothra, senior tax professional with Ernst & Young lists down the proposed changes, which the NRI community need to be vigilant about. The much awaited Direct … Continue reading
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