Flex it! Homes that can transform as per the requirements of its owners might have seemed like a dream up until a few years back. But with the concept of flexi-homes catching up that is no longer the case. Cities are expanding at an unprecedented rate by the day. But surprisingly, spaces seem to be…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Govt seeks powers to levy GST on all rental income HIGHLIGHTS GST unlikely to be impoised on individuals renting out homes Currently, service tax is levied on rental income from commercial property only GST rate on housing is expected to be pegged at 18% Rent from residential premises may be exempted from GST. The government…
Read MoreTax incentive on second home misused, won’t extend it beyond Rs 2 lakh: Govt HIGHLIGHTS The Finance Bill 2017 restricts set-off of loss towards second home against other heads of income up to Rs 2L under Sec 71 of the I-T Act Currently, there is no such limit for set-off of loss from house property,…
Read MoreBuilders will be eligible for tax and subsidy incentives, and institutional funding at affordable rates. Union Finance Minister Arun Jaitley, in the Budget 2017-18, has proposed to grant ‘affordable housing’ the coveted infrastructure status to facilitate higher investment in the sector and, in turn, achieve the government’s ambitious goal of ‘Housing for All’. The grant…
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