Things to know before buying new property

Arnav Pandya (more) Financial Advisor & Writer, | Capital Expertise: Mutual Funds ,Fixed Income ,Tax There is a bit of work that a buyer would need to take when they buy a house property and this relates to the process of paying taxes. While capital gains tax is present at the time of the sale…

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Taxation of house property decoded!

The income tax laws provides for taxation of your income under various heads. Income from house property is one of them. This article will discuss taxation of house property and tax benefits on housing loans. Taxation of house property If you are an owner of a house property, you are required to offer for tax,…

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How big a flat do you really need?

Arvind Jain (more) MD, Pride Group | Capital Expertise: Property Here are some guidelines to help you resolve the confusio When the point finally comes where you are ready to invest in your own flat, there are many considerations that are likely to confuse you. However, the most confusion that Indian middle-class homebuyers usually face…

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How the bank calculates loan eligibility?

THE amount you can borrow depends on how much you can afford to repay per month in EMIs or Equated Monthly Instalments. What the bank calculates is ‘how much you can afford to repay’. Here is how they do it: Step 1 A bank will start by looking at your income statement (salary slips, tax…

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