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NOTIONAL RENT
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- 'People called her too dark': This teenager 'Slum Princess' from Dharavi is now the face of international fashion campaignMaleesha Kharwa, an 18-year-old from Mumbai's Dharavi slum, has become an international modelling sensation. Spotting her potential, a prod...
- 8th Pay Commission Pune meeting update: Rs 65,000 as minimum pay, fitment factor of 3.8; what Maharashtra pension body demands from 8th CPC8th Pay Commission: Maharashtra Old Pension Organization representatives met with the 8th Pay Commission in Pune, advocating for a Rs 65,00...
- Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
- Supreme court seeks views on MSP PILThe Supreme Court is examining a petition demanding minimum support prices for crops be set using a weighted average cost of production acr...
- Does Budget 2019 make 2nd house mandatorily 'self-occupied'? Experts differThe question now arises that whether the second house of a taxpayer will be mandatorily treated as self-occupied or can still be treated as...
- Around 9% current unsold housing stock may avail unsold inventory tax extension: ReportThe Interim Budget for FY20 has allowed developers to claim such exemption as against the existing norm of one year from completion of proj...
- Realtors heave sigh of relief over 2-yr tax exemption on notional rent on unsold homesDevelopers and consultants feel that this budget proposal would benefit developers of major 7-8 cities, particularly those from the nationa...
- Budget 2019: Income tax on deemed rent from second house removedHome owners will no longer have to pay tax on notional rent for second occupied homes.
- Budget 2019: No tax on rent you don’t get from 2nd homeThe interim Budget has given relief to second home-owners by exempting the second property from tax on notional rent.
- Budget 2019 proposes to abolish tax on deemed rent from 2nd vacant houseAs per the current income tax laws, notional rent is payable if one has more than one self-occupied house.
- Real estate sector sees budget boosting consumer sentimentThe budget seeks to extend tax sops for affordable home developers and to remove the tax on notional rent for a second housing unit as well...
- Budget 2019: Affordable housing players to gainReal estate industry experts believe that the Union Budget 2019-20 will benefit the affordable housing segment. Here's why.
- Sachin Tendulkar won’t have to pay tax on notional rent, rules I-T tribunalTendulkar owned two flats in Pune, a flat in Sapphire Park and another in Treasure Park costing Rs 60.6 lakh and 82.8 lakh, respectively.
- Can change ‘self-occupied’ house to cut tax outgo: ITATUnder the I-T Act, where an individual owns more than one house, he can only treat any one of his house properties as ‘self-occupied and ha...
- Budget’s welcome boost for real estateRemoval of the tax on notional rental income for one year, from the date of issue of completion certificate, would allow builders to liquid...
- You can’t be taxed for security deposit on flat paid by firmITAT has held that the notional interest on the security deposit paid by an employer to the landlord can't be added to the taxable income o...
- Q & A: TaxationNote that when you own multiple self-occupied houses, only one of them at your option can be considered as self-occupied for the purposes o...
- Tax concessions from a vacant houseRising rates and EMIs apart, there are ways to leverage tax concessions on house properties lying vacant. Going for a home loan? Be cautiou...
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