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NOTIONAL RENTAL
Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...30 Dec, 2024, 01.58 PM IST- NAREDCO seeks in budget Rs 50,000 crore more under SWAMIH for stalled housing projectsThe government recently informed Parliament that as of November 16, 2023, 342 proposals aggregating to Rs 37,554 crore have been approved u...17 Dec, 2023, 10.05 PM IST
- Naredco recommends phase two of SWAMIH fund, MSME status for real estate sector in upcoming budgetThe National Real Estate Development Corporation (NAREDCO), the apex body of real estate developers in India, has urged the Union Finance M...17 Dec, 2023, 02.16 PM IST
- Budget has given bank FDs, realty an edge over equity: Here’s howReal estate investment may also pick up following the Budget sops.04 Feb, 2019, 12.31 PM IST
- Budget aims to boost realty with tax exemptions for both home buyers, developersAffordable housing is expected to receive a fillip with the finance minister’s proposed extension of the benefit of 80IBA by one more year.02 Feb, 2019, 12.55 PM IST
- 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.02 Feb, 2019, 11.21 AM IST
- 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.01 Feb, 2019, 08.25 PM IST
- 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.01 Feb, 2019, 02.59 PM IST
- 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.17 Aug, 2018, 11.34 AM IST
- Shah Rukh Khan must pay tax on notional rent from Dubai villa, rules ITATUnder the I-T Act, if a person has two residential properties, only one can be treated as “self-occupied“ and exempt from I-T.23 Mar, 2017, 11.47 AM IST
- Developers eye tax relief on deemed rental income in upcoming budgetFinance minister Arun Jaitley, at a conclave conducted by CREDAI, has assured the developers and builders that the government will look int...07 Nov, 2015, 12.25 PM IST
- Real estate developers eye tax relief on deemed rental incomeFM Arun Jaitley, at a conclave conducted by CREDAI, has assured the developers and builders that the government will look into the tax issu...07 Nov, 2015, 12.18 PM IST
- How does tax work if you have more than one property?It is important for an individual, who is planning to buy a second home, to understand the tax implications under the Income-Tax Act 1961.30 Apr, 2013, 01.29 PM IST
- Q&A: TaxYou can revise your return to claim this deduction. Revised return can be filed before March 31, 2013 or before completion of assessment, w...04 Sep, 2012, 05.17 AM IST
- 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...15 May, 2012, 02.22 AM IST
- More tax benefits you can avail ofIf you have a second house, which has not been let out, a luxury car, gold jewellery, artefacts and hard cash, and the combined value excee...30 May, 2011, 07.05 AM IST
- Query corner: TaxOur expert helps you understand the complexities of tax in this weekly column. Email to etquerytax@indiatimes.com05 Jan, 2010, 02.32 AM IST
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