Getmeroof.com
08/07/2022
Selling a property? Getting a regular rental income?
Read income tax liability that you will incur.
https://getmeroof.com/blog/income-tax-guide-on-property-transactions-in-india/ .
Income Tax Guide on Property Transactions in India - GetMeRoof Blog How income tax is calculated on property sale? Long term Capital Gains on sale of real estate are taxed at 20%, plus a cess of 3%, if the sale fulfils certain conditions.
13/06/2022
Have you checked your state RERA website before making your property purchase?
These are 7 important things that you must verify and they should exactly match with the description on the RERA website -
1) Project RERA No.
2) Project approval plan
3) Carpet area of the unit
4) Project completion date
5) Ongoing litigations/disputes (if any)
6) Fire NOC
7) Project CC/OC (if ready to move)
Read this article to know more. -
https://getmeroof.com/blog/a-guide-to-understanding-rera-and-its-impact-on-indian-real-estate/
There are several other documents that you should ideally review on RERA website. Best is to hire a property lawyer.
A Guide to RERA and its Impact on Indian Real Estate - GetMeRoof Blog All you need to know about RERA and its impact on Indian Real Estate. Read takeaways for home buyers from RERA. Know updated status of RERA notification in various Indian states.
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