Importance of Registry of immovable propertyRegistry of immovable property in India is both a statutory and prudent practice that forms an eminent part in the sale of immovable property. Moreover, a registered document for an immovable property becomes a public document as it is available in the public domain and further provides a caveat to […]
Gifts transactions are not taxable in the hands of the donor. For a donee, the gift deed transfer is taxable, but there are exceptions. Gifts are prevalent among family members or close relatives. It is one way of expressing love and affection. People also make gifts to save taxes as some of the Gift transactions are […]
A resident Indian buyer has to comply with a particular set of TDS rules when he is buying property from NRI. The rules are prescribed as per the Indian Income Tax Law. It is advised to take the assistance of an expert in calculation and filing of TDS return to avoid legal hassles. It would be easier to […]
Transfer of immovable property results in the conveyance of property rights, i.e. title, rights, interest in the property by one person to another. The property can be transferred by the person having rights to do so. Generally, it is the owner of the property or the person authorized to do so. Any document showing the ownership of the […]
Real Estate investment and later selling property acquired in India by NRIs have always been a significant area inviting many queries. RBI governs sale and purchase of property by NRIs under FEMA (Foreign Exchange Management Act), 1999. RBI grants general Permission for property transactions by NRIs in India, and in some cases, specific permission of […]
While immovable property generally refers to a property that is fixed to earth such as a house; an agricultural land usually refers to such a land which is devoted to agriculture, and the controlled and systematic rearing of livestock along with the production of crops, in order to produce food for humans. Thus, it is […]