#Section 24(b) deduction

[dailyfinancial]

Say Goodbye to Bank Visits: Fetch Your Home Loan Tax Certificate Online with DigiLocker

“Learn how to get your home loan interest certificate via DigiLocker for tax savings under Section 24(b) and 80C. Discover step-by-step instructions, benefits, and participating banks like SBI, HDFC, and ICICI. Simplify tax filing and maximize deductions with this digital solution. Read now for expert tips and latest updates!” The convenience of accessing important documents online has become a…

[realestatesgurgaon]

Tax Benefits of Real Estate Investment in India

Investing in real estate is one of the most reliable ways to build wealth in India. Beyond capital appreciation and rental income, real estate offers significant tax benefits that can enhance your returns. Whether you're buying a residential property, commercial space, or an SCO plot in Gurgaon, understanding these tax advantages can help you make smarter investment decisions.

Why Invest in Real Estate?

Real estate is a tangible asset that provides: ✔ Long-term capital appreciation ✔ Steady rental income ✔ Portfolio diversification ✔ Tax deductions under various sections of the Income Tax Act

1. Deduction on Home Loan Interest (Section 24)

If you’ve taken a home loan to buy a property, you can claim deductions on the interest paid.

For Self-Occupied Property:

Up to ₹2 lakh per year under Section 24(b).

The remaining interest (if any) can be carried forward for 8 years.

For Let-Out or Rented Property:

No upper limit on interest deduction.

The entire interest amount is deductible from rental income.

2. Principal Repayment Deduction (Section 80C)

Under Section 80C, you can claim a deduction of up to ₹1.5 lakh per year on the principal repayment of your home loan.

Eligible for:

Residential properties (new or under construction).

Not applicable for commercial properties.

Additional Benefit:

If you sell the property after 5 years, the principal repayment amount is tax-free.

. Tax Benefits on Joint Home Loans

If you co-own a property with a spouse, parents, or siblings, each co-owner can claim deductions separately.

Interest Deduction: Each can claim up to ₹2 lakh (self-occupied).

Principal Repayment: Each can claim up to ₹1.5 lakh under Section 80C.

This effectively doubles your tax savings if both owners are taxpayers.

4. No Tax on Long-Term Capital Gains (Section 54 & 54F)

If you sell a property after 2 years, the profit is considered Long-Term Capital Gains (LTCG), taxed at 20% with indexation. However, you can save tax by reinvesting:

Option 1: Reinvest in Another Residential Property (Section 54)

Condition: Buy 1 new house within 1 year before or 2 years after sale.

Benefit: Full exemption from LTCG tax.

Option 2: Invest in Capital Gains Bonds (Section 54EC)

Investment Limit: Up to ₹50 lakh in bonds (REC, NHAI, etc.).

Lock-in Period: 5 years.

Option 3: Construct a New House (Section 54F)

Condition: Use the sale proceeds to construct a new house within 3 years.

Benefit: Full exemption if the entire amount is reinvested.

5. Rental Income Tax Benefits (Section 80GG)

If you don’t own a home but pay rent, you can claim a deduction under Section 80GG:

Maximum Deduction: ₹60,000 per year (₹5,000 per month).

Conditions:

You should not own any residential property.

You must submit rent receipts to your employer

6. Depreciation Benefits for Commercial Properties

If you invest in commercial real estate or office space, you can claim depreciation benefits:

Rate: 10% per year on the building’s value.

Additional Benefit: Deductions on maintenance, repairs, and property taxes.

7. Deduction for First-Time Homebuyers (Section 80EEA)

First-time homebuyers can claim an additional ₹1.5 lakh deduction on home loan interest under Section 80EEA:

Eligibility:

Loan must be taken between April 1, 2019, and March 31, 2025.

Property value should be ≤ ₹45 lakh.

Loan amount should be ≤ ₹35 lakh.

This is over and above the ₹2 lakh deduction under Section 24.

8. No GST on Under-Construction Residential Properties

Since April 1, 2019, no GST is charged on under-construction residential properties if:

The buyer opts for non-GST scheme (without input tax credit).

The property is sold after completion.

9. Tax-Free Inheritance & Gifts

Inherited Property: No tax on inheritance (only capital gains apply if sold).

Gifted Property: No tax if received from relatives (parents, spouse, siblings).

10. Benefits for NRI Investors

NRIs investing in Indian real estate enjoy: ✔ Tax deductions on home loan interest (Section 24). ✔ Exemption on LTCG if reinvested in India (Section 54). ✔ Lower TDS (5%) on long-term capital gains (vs. 20% for residents).

Real estate is not just about buying property—it’s about strategic wealth-building with tax efficiency. By leveraging these tax benefits, you can: ✅ Reduce taxable income ✅ Save on capital gains tax ✅ Maximize rental yields ✅ Build long-term wealth

At Laveek Estates, we help investors find the best residential, commercial, and SCO plots in Gurgaon while optimizing tax advantages.

Ready to invest in tax-efficient real estate? Contact Laveek Estates today!

[coolrakhisingh]

ITR 2 e-Filing Expert in Mumbai

ITR 2 e-Filing Expert in Mumbai: Trusted Solutions for High-Income Taxpayers

If you're a salaried individual with capital gains, owning multiple assets, or earning from foreign sources, filing ITR 2 is not just an annual compliance ritual—it’s a strategic financial move. But let's be honest: navigating the complexities of ITR 2 e-filing can be overwhelming without expert assistance. That’s why more and more taxpayers in Mumbai, India’s financial hub, are turning to professional ITR 2 consultants for error-free, timely, and optimized tax filing.

Welcome to the ultimate guide for finding the best ITR 2 e-Filing Expert in Mumbai—your partner in achieving tax efficiency, compliance, and peace of mind.

Why You Need an ITR 2 e-Filing Expert in Mumbai

Mumbai, home to lakhs of professionals, NRIs, stock market investors, and property owners, sees a growing demand for tailored income tax filing services—especially for those who fall under Income Tax Return Form 2 (ITR-2). Here's why:

1. Complex Income Structures

If you’re earning from multiple sources like:

Capital gains (stocks, mutual funds, or property),

Foreign income or assets,

More than one residential property, or

Director in a company not owning unlisted shares,

...then ITR 2 is mandatory. An expert ensures your reporting is accurate and tax-saving opportunities are not missed.

2. Error-Free Filing with Real-Time Compliance

E-filing ITR 2 isn’t just data entry—it requires in-depth knowledge of tax laws, interpretation of income types, and experience with advanced utility forms provided by the Income Tax Department. An experienced consultant helps avoid:

Mistakes leading to notices

Mismatch of Form 26AS and AIS

Incorrect disclosure of foreign assets

3. Maximum Deductions & Legal Tax Optimization

Only a professional understands how to legally optimize tax under sections like 80C, 80G, 24(b) (home loan interest), and more. If you’re a high net-worth individual or NRI, this guidance is priceless.

Key Features of a Top ITR 2 Consultant in Mumbai

When selecting the right expert, ensure they offer:

One-on-One Consultation

Secure document handling

Experience with capital gains taxation

Specialized knowledge in NRI taxation

Online and offline support

TDS reconciliation from AIS/26AS

Post-filing assistance for refunds or scrutiny notices

A true ITR 2 expert in Mumbai doesn’t just file—they strategize.

Top Trending Services by ITR 2 Filing Experts in Mumbai

Today’s top firms offer:

E-filing for Capital Gains (STCG, LTCG)

Foreign Income & Foreign Asset Disclosure

Crypto & Digital Asset Income Tax Filing

Rental Income from Multiple Properties

Consultation on Presumptive Taxation & Advance Tax

DSC (Digital Signature Certificate) based e-verification

PAN-Aadhaar Linking & Tax Planning Advisory

Who Should File ITR 2?

You should opt for ITR 2 filing if:

You are a salaried individual with income from capital gains or foreign assets

You earn rental income from more than one house

You're an NRI or Resident but Ordinarily Not Resident (RNOR)

You’re a director in a listed company (but not holding unlisted shares)

If these apply to you, DIY tax portals aren’t enough. Get professional help to stay 100% compliant and maximize your tax benefits.

Why Choose a Local ITR 2 Expert in Mumbai?

While online options are everywhere, a local tax consultant in Mumbai brings specific advantages:

Familiarity with regional tax nuances

Access to offline verification centers if needed

Face-to-face consultation in real time

Faster turnaround for city-based documentation

Whether you reside in Andheri, Bandra, Lower Parel, Powai, or Navi Mumbai, having a trusted tax expert nearby is a strategic asset.

FAQs: ITR 2 e-Filing in Mumbai

Q. Is ITR 2 only for high-income earners?

No. It applies based on income type, not just amount. Even salaried people with capital gains must file ITR 2.

Q. What documents are required for ITR 2 filing?

You’ll need:

Form 16 & 26AS

Capital gains statements

Property documents (if applicable)

Bank statements

Foreign asset declarations (if any)

Q. Can I file ITR 2 myself?

Yes, but given its complexity, even the IT department recommends professional assistance for ITR 2.

Your Trusted ITR 2 Partner is Just a Click Away

Don’t let tax season stress you out. Trust a certified ITR 2 e-Filing Expert in Mumbai to manage your returns with accuracy, efficiency, and confidentiality. With increasing scrutiny by the tax department, especially for capital gains and foreign assets, professional help is no longer optional—it’s essential.

[explorewithtushar]

How Can I Reduce My Taxable Income Legally in India?

Paying taxes is part of our duty as citizens, but that doesn’t mean you have to pay more than you’re legally required to. As a professional accountant, I’ve helped many individuals and businesses reduce their taxable income legally in India, simply by using the right tools, deductions, and strategies available under the law.

So, if you're tired of seeing a big chunk of your income go into taxes every year, let’s walk through some smart and completely legal ways to reduce your taxable income in India.

1. Make the Most of Section 80C Deductions

One of the most popular sections of the Income Tax Act is Section 80C, which allows you to claim deductions of up to ₹1.5 lakh per financial year. Here are some eligible investments and expenses under 80C:

Life Insurance Premiums

Public Provident Fund (PPF)

Employee Provident Fund (EPF)

National Savings Certificates (NSC)

ELSS (Tax-saving mutual funds)

Principal repayment on home loans

Tuition fees for up to two children

Planning these investments smartly at the start of the year can help you save a lot on taxes.

2. Use the Power of NPS (National Pension System)

In addition to Section 80C, you can claim an extra deduction of ₹50,000 under Section 80CCD(1B) by contributing to the National Pension System. This is over and above the ₹1.5 lakh limit of 80C.

NPS not only helps you lower taxes but also builds a retirement corpus with long-term benefits.

3. Claim House Rent Allowance (HRA)

If you’re a salaried individual living in a rented home, you can claim HRA exemptions—provided your salary structure includes it. The exemption is based on your salary, the city you live in, and the actual rent paid.

Even if you don’t get HRA, Section 80GG lets you claim a deduction (with some limits) for rent paid if you're self-employed or not getting HRA.

4. Home Loan Benefits – Double Tax Savings

Taking a home loan can give you two types of tax benefits:

Under Section 80C: Deduction on principal repayment (up to ₹1.5 lakh).

Under Section 24(b): Deduction on interest payment up to ₹2 lakh annually.

For first-time homebuyers, Section 80EE or 80EEA may offer additional interest benefits (based on loan amount and date).

5. Health Insurance Premiums – Section 80D

Don’t overlook your health insurance. You can claim:

Up to ₹25,000 for self/spouse/children

Additional ₹25,000 for parents below 60

₹50,000 if parents are 60 or older

This means you can legally deduct up to ₹75,000 in a year under Section 80D—just by securing your family’s health.

6. Education Loan Interest – Section 80E

Have an education loan for yourself, your spouse, or your children? The entire interest paid on the loan is deductible under Section 80E for up to 8 years—no upper limit.

This is especially useful for young professionals repaying loans after higher studies.

7. Standard Deduction for Salaried Individuals

Since FY 2018-19, salaried employees get a standard deduction of ₹50,000—no documentation needed. This reduces your taxable income directly and is automatically accounted for in Form 16.

8. Leave Travel Allowance (LTA)

LTA is an excellent benefit if your employer offers it. You can claim exemption on travel expenses for domestic travel (for self and family), but only for two trips in a block of four years. Keep travel bills as proof.

9. Invest in Tax-Free Instruments

Want tax-free returns? Consider:

PPF – Interest is tax-free

Sukanya Samriddhi Yojana – Great for girl child’s future

Tax-Free Bonds – Issued by government-backed entities

These instruments not only reduce taxable income but also grow your savings safely.

10. Donations – Section 80G

Giving is rewarding—literally. Donations to registered NGOs or relief funds can be claimed as deductions under Section 80G. Some are eligible for 100% deduction, others 50%. Make sure to donate only to verified institutions.

Final Thoughts

Reducing your taxable income doesn’t mean bending the rules. The Indian Income Tax Act provides plenty of legal, ethical ways to save money—you just need to plan ahead.

As an accountant, I always suggest clients to:

Review their investments quarterly

Keep proof of all tax-saving expenses

File returns on time to avoid penalties and interest

Tax planning isn’t just for the rich—it’s for anyone who wants to be financially smart. If you ever feel confused about which deductions apply to you or how to structure your income better, don’t hesitate to consult a professional.

Got a tax question? Drop it in the comments—I’m here to help!

[taxassistantorg]

Rental Income & ITR: Your Guide to E-filing for FY 2024-25 (AY 2025-26)

Filing ITR for Rental Income in India: What the E-filing Portal Needs from You (FY 2024-25 / AY 2025-26)

Good news for Indian taxpayers! While the e-filing portal continues to get smarter with pre-filled details from Form 16 and your Annual Information Statement (AIS), you'll still need to provide crucial information, especially when it comes to your rental income. This is even more vital given the recent changes in ITR forms for the current Financial Year 2024-25 (Assessment Year 2025-26).

Just like claiming HRA exemption under the old tax regime requires specific inputs, so does declaring "Income from House Property." If you're a landlord, or simply own a house, pay close attention!

The Income Tax Department's e-filing portal will show you pre-filled amounts, but it now asks for a detailed breakdown. As the portal states, "We have pre-filled this value from Form-16/ AIS (Annual Information Statement) wherever applicable. You are required to provide the breakup in order to consider this amount."

This means you'll be actively verifying and entering details to accurately calculate your tax liability. Here's a clear guide to what you'll need to provide:

Essential Details for "Income from House Property"

The e-filing portal will guide you through these key fields to determine your final tax:

How the Portal Calculates Your Taxable Income:

Important Note on Home Loan Interest (Section 24(b)):

What to Provide for Section 24(b) - Interest on Borrowed Capital:

To claim this crucial deduction, be ready with these specifics:

Get Ready to File!

Both salaried individuals and others can now file ITR-1 and ITR-4 forms online for FY 2024-25 (AY 2025-26) directly on the Income Tax Department's e-filing portal. You can also use various authorized tax-filing websites.

The due date for taxpayers who do not require an audit is September 15, 2025. Don't miss it!

[runicriddleshrine]

How Market Trends Influence Real Estate Investments

The real estate sector doesn’t operate in a vacuum. From stock market performance to interest rate movements, and from changes in government policies to global events—everything leaves an impact. These dynamic market trends in real estate help shape buyer sentiments, project valuations, and long-term returns.

In a city like Mumbai, where demand meets limited supply, it becomes even more important for investors to stay informed. Whether you're investing in a residential flat or a commercial office space, keeping an eye on market trends in real estate can help you make smarter, more confident decisions.

In this blog, we’ll explore what shapes real estate investment decisions today, how to study the market yourself, and how Ambit Realtors empowers buyers with the right insights.

Market Trends That Influence Real Estate Investments

Understanding the forces that shape the property market can help investors make confident and well-timed decisions. Below are some key market trends in real estate that play a significant role in influencing real estate investment in Mumbai and across India:

1. Interest Rate Fluctuations

It’s one of the most direct influences on real estate investment. The interest rate is decided by the Reserve Bank of India (RBI). When the RBI reduces the repo rate, banks typically lower home loan interest rates, making borrowing cheaper. This often leads to a rise in property purchases as EMIs become more manageable. On the other hand, a rate hike may discourage buyers due to increased borrowing costs.

Example: During the pandemic, reduced interest rates encouraged a surge in housing demand across metro cities.

2. Urban Infrastructure Developments

New infrastructure projects—like metro lines, expressways, or coastal roads—can significantly boost the desirability of surrounding areas. They improve accessibility, reduce travel time, and increase the overall convenience of living in that location. Investors often eye such regions early to benefit from price appreciation.

Example: The launch of Mumbai Metro Line 7 between Dahisar and Gundavali increased property interest in Goregaon and nearby areas.

3. Government Policies and Tax Benefits

Policies such as reduced stamp duty, GST waivers on affordable housing, or schemes like PMAY make homeownership more accessible. These benefits can directly boost buyer sentiment and increase demand. Moreover, tax deductions under Sections 80C and 24(b) make real estate investment more financially viable.

Example: Maharashtra’s temporary stamp duty cut in 2021 resulted in a record number of registrations within a few months.

4. Economic Conditions

Overall economic health, employment rates, and income growth all have a cascading effect on the property market. When people feel financially secure, they are more likely to invest in long-term assets like real estate.

Example: Post-2023, India’s strong GDP growth and rising disposable incomes helped renew interest in real estate investment, especially in Tier-1 cities.

5. Rental Yields and ROI Expectations

Investors often calculate potential returns before making a property purchase. High rental yields indicate strong demand in the area and justify the investment. Commercial spaces near business districts or residential areas with high student/professional populations usually offer attractive returns.

Example: Properties in BKC and Lower Parel offer competitive rental income, making them a preferred choice for rental-focused real estate investment.

6. Supply and Demand Gap

When demand is more than supply in a particular location, property prices are expected to rise. Limited land availability in urban centres like Mumbai often creates this imbalance. This makes early investment in underdeveloped or emerging zones a smart move.

Example: The lack of new launches in areas like Santacruz East has led to a price surge due to increased demand and limited inventory.

How to Do Real Estate Market Analysis as a Homebuyer or Investor

You don’t always need a professional to perform a basic real estate investment analysis. Here are some simple steps you can follow:

1. Research the Locality

Look into current rates, upcoming infrastructure, and overall development plans.

Example: Check if a location has a metro station under construction—this could boost property value soon.

2. Compare Projects

Compare 3-4 nearby projects for price per sq. ft., amenities, and builder reputation.

Example: Two projects in the same area might differ in pricing based on brand trust and amenities offered.

3. Track Price Trends

Use real estate portals to check historical price movement in a given area.

Example: If prices have consistently risen over 3 years, it could signal a stable real estate investment.

4. Evaluate Connectivity and Infrastructure

Good access to roads, railways, schools, and hospitals often ensures better resale value.

Example: A property 10 minutes from a highway usually attracts higher buyer interest.

5. Check Rental Demand

Browse rental listings in the area to know how quickly flats are rented and at what rate.

Example: High rental demand indicates a strong investment potential, especially for salaried buyers.

6. Read Builder Reviews

Always read customer feedback and delivery timelines before choosing a developer.

Example: Look into whether past projects were delivered on time and if promised amenities were provided.

7. Understand Government Plans

Keep an eye on Smart City developments or proposed SEZs, which can improve long-term value.

Example: Upcoming SEZ zones near Navi Mumbai have caught attention for long-term real estate investment.

These steps give you a clearer view of market trends in real estate and help you invest with confidence.

Understanding market trends in real estate allows investors to make more informed decisions and avoid costly mistakes. From interest rate changes to local infrastructure developments, each trend adds a new layer to how you should evaluate your real estate investment.

At Ambit Realtors, we believe in empowering homebuyers with clarity and the right information. Whether you're a first-time buyer or a seasoned investor, our team ensures you know your rights, understand your options, and make the most of your investment journey.

If you're looking to invest in a well-connected, thoughtfully designed residential project in Mumbai, Ambit Vista is worth exploring. Backed by smart planning and market understanding, it’s built for both comfort and long-term value.

[gloriouspostfun]

How Market Trends Influence Real Estate Investments

The real estate sector doesn’t operate in a vacuum. From stock market performance to interest rate movements, and from changes in government policies to global events—everything leaves an impact. These dynamic market trends in real estate help shape buyer sentiments, project valuations, and long-term returns.

In a city like Mumbai, where demand meets limited supply, it becomes even more important for investors to stay informed. Whether you're investing in a residential flat or a commercial office space, keeping an eye on market trends in real estate can help you make smarter, more confident decisions.

In this blog, we’ll explore what shapes real estate investment decisions today, how to study the market yourself, and how Ambit Realtors empowers buyers with the right insights.

Market Trends That Influence Real Estate Investments

Understanding the forces that shape the property market can help investors make confident and well-timed decisions. Below are some key market trends in real estate that play a significant role in influencing real estate investment in Mumbai and across India:

1. Interest Rate Fluctuations

It’s one of the most direct influences on real estate investment. The interest rate is decided by the Reserve Bank of India (RBI). When the RBI reduces the repo rate, banks typically lower home loan interest rates, making borrowing cheaper. This often leads to a rise in property purchases as EMIs become more manageable. On the other hand, a rate hike may discourage buyers due to increased borrowing costs.

Example: During the pandemic, reduced interest rates encouraged a surge in housing demand across metro cities.

2. Urban Infrastructure Developments

New infrastructure projects—like metro lines, expressways, or coastal roads—can significantly boost the desirability of surrounding areas. They improve accessibility, reduce travel time, and increase the overall convenience of living in that location. Investors often eye such regions early to benefit from price appreciation.

Example: The launch of Mumbai Metro Line 7 between Dahisar and Gundavali increased property interest in Goregaon and nearby areas.

3. Government Policies and Tax Benefits

Policies such as reduced stamp duty, GST waivers on affordable housing, or schemes like PMAY make homeownership more accessible. These benefits can directly boost buyer sentiment and increase demand. Moreover, tax deductions under Sections 80C and 24(b) make real estate investment more financially viable.

Example: Maharashtra’s temporary stamp duty cut in 2021 resulted in a record number of registrations within a few months.

4. Economic Conditions

Overall economic health, employment rates, and income growth all have a cascading effect on the property market. When people feel financially secure, they are more likely to invest in long-term assets like real estate.

Example: Post-2023, India’s strong GDP growth and rising disposable incomes helped renew interest in real estate investment, especially in Tier-1 cities.

5. Rental Yields and ROI Expectations

Investors often calculate potential returns before making a property purchase. High rental yields indicate strong demand in the area and justify the investment. Commercial spaces near business districts or residential areas with high student/professional populations usually offer attractive returns.

Example: Properties in BKC and Lower Parel offer competitive rental income, making them a preferred choice for rental-focused real estate investment.

6. Supply and Demand Gap

When demand is more than supply in a particular location, property prices are expected to rise. Limited land availability in urban centres like Mumbai often creates this imbalance. This makes early investment in underdeveloped or emerging zones a smart move.

Example: The lack of new launches in areas like Santacruz East has led to a price surge due to increased demand and limited inventory.

How to Do Real Estate Market Analysis as a Homebuyer or Investor

You don’t always need a professional to perform a basic real estate investment analysis. Here are some simple steps you can follow:

1. Research the Locality

Look into current rates, upcoming infrastructure, and overall development plans.

Example: Check if a location has a metro station under construction—this could boost property value soon.

2. Compare Projects

Compare 3-4 nearby projects for price per sq. ft., amenities, and builder reputation.

Example: Two projects in the same area might differ in pricing based on brand trust and amenities offered.

3. Track Price Trends

Use real estate portals to check historical price movement in a given area.

Example: If prices have consistently risen over 3 years, it could signal a stable real estate investment.

4. Evaluate Connectivity and Infrastructure

Good access to roads, railways, schools, and hospitals often ensures better resale value.

Example: A property 10 minutes from a highway usually attracts higher buyer interest.

5. Check Rental Demand

Browse rental listings in the area to know how quickly flats are rented and at what rate.

Example: High rental demand indicates a strong investment potential, especially for salaried buyers.

6. Read Builder Reviews

Always read customer feedback and delivery timelines before choosing a developer.

Example: Look into whether past projects were delivered on time and if promised amenities were provided.

7. Understand Government Plans

Keep an eye on Smart City developments or proposed SEZs, which can improve long-term value.

Example: Upcoming SEZ zones near Navi Mumbai have caught attention for long-term real estate investment.

These steps give you a clearer view of market trends in real estate and help you invest with confidence.

Understanding market trends in real estate allows investors to make more informed decisions and avoid costly mistakes. From interest rate changes to local infrastructure developments, each trend adds a new layer to how you should evaluate your real estate investment.

At Ambit Realtors, we believe in empowering homebuyers with clarity and the right information. Whether you're a first-time buyer or a seasoned investor, our team ensures you know your rights, understand your options, and make the most of your investment journey.

If you're looking to invest in a well-connected, thoughtfully designed residential project in Mumbai, Ambit Vista is worth exploring. Backed by smart planning and market understanding, it’s built for both comfort and long-term value.

[anujpatilfinance]

Demystifying ITR Filing for Property Owners in Mumbai

Mumbai's real estate investors—whether owning a flat in Dadar or commercial space in Navi Mumbai—must be extra cautious with ITR filing. Rental income, capital gains from property sales, and joint ownerships all require proper declaration. If you’ve sold a flat and earned profit, you need to calculate capital gains and may need to pay advance tax. Section 54 exemptions can help save tax if you reinvest, but only if documented properly. TDS deducted by tenants on high-value rents (over ₹50,000/month) must be reconciled in your return. Property loans? Claim deductions under Section 24(b) on interest. Many Mumbai owners miss out on these benefits due to incorrect filings or missed deadlines. Also, be wary of cash transactions—they're under high scrutiny. Use a tax expert familiar with Mumbai’s property laws. Filing your ITR right is not just legal—it’s strategic wealth protection.

[cretumadvisory]

What are some ways to save Income tax in India?

Saving income tax legally in India is all about smart planning and using deductions and exemptions provided under the Income Tax Act. Here are some genuine and commonly used ways to reduce your tax liability:

✅ 1. Section 80C – Up to ₹1.5 Lakh

You can claim deductions under Section 80C for:

Life insurance premiums

ELSS mutual funds

PPF (Public Provident Fund)

Tax-saving FDs (5 years)

Tuition fees for children

Home loan principal repayment

NSC & Sukanya Samriddhi Yojana

👉 Total limit: ₹1.5 lakh per year

✅ 2. Section 80D – Medical Insurance

Claim up to:

₹25,000 for self, spouse & kids

Additional ₹25,000 (or ₹50,000 if senior citizen) for parents

✅ 3. Home Loan Interest – Section 24(b)

Up to ₹2 lakh deduction on home loan interest under Section 24(b)

✅ 4. NPS Contributions – Extra ₹50,000

Section 80CCD(1B) offers an additional ₹50,000 deduction if you invest in the National Pension System (NPS), over and above 80C.

✅ 5. HRA Exemption (House Rent Allowance)

Salaried individuals living in rented homes can claim HRA exemption under Section 10(13A) if certain conditions are met.

✅ 6. Standard Deduction

Salaried and pensioned individuals can claim a flat ₹50,000 as standard deduction — no paperwork required.

✅ 7. Education Loan Interest – Section 80E

Interest paid on education loans (for self/spouse/children) is deductible for up to 8 years.

✅ 8. Donations – Section 80G

Donations to eligible charitable organizations can give you 50% or 100% deduction.

💰 Bonus: Choose the Right Tax Regime

Old Regime offers deductions/exemptions

New Regime has lower slab rates but no deductions 👉 Choose the one that gives you more tax savings based on your profile.

🤝 Need Help?

Tax planning can be tricky if you’re not sure what applies to you. We help individuals and businesses optimize their tax legally.

📲 DM us on Instagram – @cretum.advisory or visit here our website- Cretum Advisory. Happy to guide you with personalized tips for saving tax, GST, CFO services, and startup compliance!

[adityabirlahousingfinancelimit]

Home Extension Loan: Expand Your Space Without Breaking the Bank

Sometimes, you don’t need a whole new house — you just need more space. Maybe your family is growing, you’re adding a home office, or you simply want to upgrade your living setup. That’s where a home extension loan comes in handy.

Instead of relocating or buying a bigger place (which costs way more), you can extend your existing home — add another floor, build extra rooms, or stretch out the living space. And the best part? You don’t have to dip into your savings. You can get it financed.

Let’s break down how home extension loans work, who they’re for, what you need to qualify, and how to apply smart.

What is a Home Extension Loan?

A home extension loan is a type of home loan that helps you finance the cost of extending or adding space to your existing house. This includes:

Building an extra room

Adding a floor or balcony

Expanding the kitchen or bathroom

Constructing a garage or workspace

It’s perfect when you want more room, but don’t want to sell your home or go through the chaos of moving.

How Does It Work?

The process is pretty straightforward and works like a regular home loan:

Estimate Your Extension Costs – Get an estimate from a licensed architect or contractor.

Apply for the Loan – Submit the necessary documents and construction plans.

Loan Sanction & Disbursal – Once approved, the loan is disbursed in one go or in phases depending on the lender.

Repayment – You repay the loan in EMIs over a tenure that could go up to 15–20 years, depending on the lender and your profile.

Who Can Apply?

A home extension loan is ideal for:

Homeowners with growing families

People wanting to create rental units within their home

Anyone looking to add space without relocating

Self-employed or salaried individuals who already own the property

The key requirement: you must already own the home and the extension must be legally approved by the municipal authority.

Benefits of a Home Extension Loan

1. No Need to Relocate

You stay in your current house and neighborhood — no packing, no moving stress.

2. Tailored Financing

You get just the amount you need for the extension. It’s budget-focused and manageable.

3. Low Interest Rates

Interest rates are typically similar to regular home loans, starting around 8.5% p.a. depending on your credit score and income.

4. Tax Benefits

Under Section 24(b), you can claim tax deductions on the interest paid (up to ₹2 lakh annually).

5. Longer Tenures

Repayment tenures can go up to 15–20 years, so you don’t feel the pinch.

Eligibility Criteria

Eligibility is similar to a standard home loan:

Age: 21–65 years

Employment: Salaried or self-employed

Credit Score: Preferably 750+

Ownership: Must own the home and land

Municipal Approval: Extension plan must be legally sanctioned

Documents Required

To apply for a home extension loan, you’ll need:

Identity Proof (Aadhaar/PAN)

Address Proof

Income Documents (Salary slips, ITRs)

Bank Statements (last 6 months)

Property Ownership Documents

Approved Construction Plan for the extension

Contractor/Architect estimate for cost

Loan Amount and Interest Rates

Most banks and NBFCs offer home extension loans of up to 85% of the estimated cost of construction. Interest rates are generally in the range of 8.5% to 10.5%, and some banks even offer combo deals if you already have a home loan with them.

Lenders offering home extension loans include:

SBI Home Extension Loan

HDFC Home Improvement/Extension Loan

ICICI Bank Home Extension Finance

LIC Housing Finance Griha Sudhar

PNB Housing Home Extension Loan

Things to Keep in Mind

Plan Must Be Sanctioned – Any construction you plan to do must be approved by the local municipal body.

Keep Your CIBIL Score Healthy – The higher the score, the better the loan terms.

Budget for Extras – Furniture, interiors, and fittings aren't covered. Only structural changes are financed.

Disbursement May Be in Phases – Especially if the extension is done in stages.

Final Thoughts

A home extension loan is a smart move when you need more space but don’t want to invest in a new property. It’s cost-effective, manageable, and gives you the freedom to design the extra space the way you want — whether it’s for a growing family, a cozy guest room, or a fully-decked home office.

Just make sure your documentation is in order, your plan is approved, and you’re borrowing an amount you can comfortably repay.

Ready to build up or build out? A home extension loan could be your perfect fix.

[qubicc]

Real Estate Investment in India

Real estate investment in India has always been a preferred choice for investors looking for stable returns, long-term appreciation, and portfolio diversification. With a booming economy, rapid urbanisation, and government initiatives like Housing for All and Smart Cities Mission, the Indian real estate market presents lucrative opportunities for both domestic and international investors.

In this guide, we will explore the benefits of investing in Indian real estate, key markets to consider, legal aspects, risks involved, and future trends to help you make informed investment decisions.

Why Invest in Real Estate in India?

1. High Appreciation Potential

India’s real estate sector has historically delivered strong capital appreciation, especially in metropolitan cities like Mumbai, Delhi, Bangalore, and Hyderabad. With increasing demand for residential and commercial properties, property values are expected to rise steadily.

2. Rental Income Opportunities

Investing in rental properties can provide a steady passive income. Cities with a high migrant population (such as Bangalore, Pune, and Gurgaon) offer excellent rental yields, especially for apartments and office spaces.

3. Tax Benefits

The Indian government offers several tax incentives for real estate investors, including:

Deductions under Section 24(b): Up to ₹2 lakh on home loan interest.

Deductions under Section 80C: Up to ₹1.5 lakh on principal repayment.

Capital Gains Tax Benefits: Reinvesting gains in another property can save taxes under Sections 54 and 54F.

4. Diversification & Inflation Hedge

Real estate acts as a hedge against inflation, as property prices and rental income tend to increase with rising inflation. It also diversifies an investment portfolio beyond stocks and mutual funds.

5. Government Initiatives Boosting Growth

RERA (Real Estate Regulation Act): Ensures transparency and protects buyers.

PM Awas Yojana: Affordable housing schemes for middle and lower-income groups.

Infrastructure Development: Expansion of metros, highways, and smart cities enhances property value.

Best Cities for Real Estate Investment in India...

[dailyfinancial]

Capital Gains Tax Got You Stressed? Here’s How Unclaimed Interest Can Help

“Learn how to turn unclaimed home loan interest into cost of acquisition during property sales to reduce capital gains tax. Discover expert tips, legal insights, and tax-saving strategies. Maximize your profits with this ultimate guide for property sellers. Save money and stay compliant with the latest tax laws!” When it comes to selling a property, understanding the financial intricacies can…

[realestatesgurgaon]

How to Choose Between Builder Floors and Apartments

Choosing the right type of property is a crucial decision for homebuyers and investors. In cities like Gurgaon, where real estate options are diverse, the choice often comes down to builder floors and apartments. Both have their advantages and drawbacks, depending on your lifestyle, budget, and investment goals.

1. Understanding Builder Floors and Apartments

What Are Builder Floors?

Builder floors are independent floors within a low-rise building (usually 2-4 floors), where each floor is a separate unit with its own entrance. These are popular in Gurgaon’s residential sectors, offering more privacy and customization options.

What Are Apartments?

Apartments are units within a high-rise or mid-rise building, where multiple families share common amenities like lifts, security, and parking. They are managed by a Resident Welfare Association (RWA) and offer a community living experience.

2. Key Differences Between Builder Floors and Apartments

A. Privacy and Independence

Builder Floors: Offer more privacy since you own an entire floor with no shared walls (except stairs).

Apartments: Have shared corridors, elevators, and common areas, which may reduce privacy.

B. Customization and Space

Builder Floors: Allow more customization—you can modify interiors, expand balconies, or even add a terrace garden.

Apartments: Have restrictions due to society rules; structural changes are usually not allowed.

C. Maintenance and Security

Builder Floors: You are responsible for maintenance, security, and repairs, which can be costlier.

Apartments: Maintenance is handled by the RWA, and security is centralized (CCTV, guards).

D. Cost and Investment Potential

Builder Floors: Generally more expensive per square foot but offer better appreciation in prime locations.

Apartments: More affordable with flexible payment plans; good for rental income.

E. Amenities and Lifestyle

Builder Floors: Limited to your own space; no shared gym, pool, or clubhouse.

Apartments: Offer luxury amenities like swimming pools, gyms, and play areas.

3. Which One Should You Choose?

Choose a Builder Floor If:

✅ You want more privacy and exclusivity. ✅ You prefer customizing your living space. ✅ You are okay with handling maintenance independently. ✅ You are looking for long-term appreciation in a prime location.

Choose an Apartment If:

✅ You want ready-to-move-in convenience. ✅ You prefer low-maintenance living with security. ✅ You enjoy community living and shared amenities. ✅ You are looking for rental income potential.

4. Gurgaon’s Real Estate Trends: Builder Floors vs. Apartments

Gurgaon is a hotspot for both builder floors and apartments, with high demand in sectors like DLF, Sushant Lok, and Golf Course Road.

Builder floors are popular in independent colonies like South City 1 and Palam Vihar.

Apartments dominate high-rises in new Gurgaon (Dwarka Expressway, Sector 90-95).

5. Legal and Financial Considerations

A. Registration and Approval

Builder floors must have individual approvals from DTCP (Department of Town and Country Planning).

Apartments must have RERA registration for transparency.

B. Home Loans & Tax Benefits

Both options qualify for home loans and tax deductions under Section 80C and 24(b).

Apartments may have additional GST benefits for under-construction properties.

Conclusion

Whether you choose a builder floor or an apartment, both have unique benefits. If privacy and customization are your priorities, a builder floor is ideal. If you prefer amenities and convenience, an apartment is a better choice.

Looking for the best property in Gurgaon? 📞 Contact Laveek Estates today for a free consultation!

[bsmakaradv]

NRI Property Transfers in India: A Complete Legal Guide (2025) – Gifting, Selling & Inheritance

Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) often own property in India, but transferring these assets—whether through gifting, selling, or inheritance—requires strict compliance with Indian laws. This guide covers all legal aspects, tax implications, and step-by-step processes for hassle-free property transfers.

1. Key Legal Considerations for NRIs Transferring Property

NRIs and PIOs can legally gift, sell, or inherit property in India, but they must follow: ✔ FEMA Regulations (Foreign Exchange Management Act, 1999) – Governs property ownership and repatriation of funds. ✔ Indian Registration Act, 1908 – Mandates registration of property transfers. ✔ Income Tax Act, 1961 – Taxes on capital gains, TDS deductions, and exemptions. ✔ State-Specific Stamp Duty & Registration Laws – Vary by location.

Important Restrictions for NRIs

❌ Cannot buy agricultural land (except through inheritance).

✔ Can own residential/commercial property without restrictions.

2. Option 1: Gifting Property as an NRI

Legal Process for Gifting

Prepare a Gift Deed

Must be on stamp paper (value varies by state).

Must be signed by donor (NRI) and donee (recipient).

Should include property details, relationship proof (if gifting to relatives).

Registration at Sub-Registrar Office

Mandatory under Section 17 of the Registration Act, 1908.

Can be done via Power of Attorney (POA) if NRI is abroad.

Tax Implications

No income tax if gifted to close relatives (spouse, children, parents).

Stamp duty applicable (lower for blood relatives in some states).

Gift to non-relatives may attract clubbing provisions under Income Tax Act.

⚠ Note: Once registered, a gift deed is irrevocable.

3. Option 2: Selling Property as an NRI

Step-by-Step Process for Sale

1. Title Verification

Check for encumbrances, loans, or legal disputes (via encumbrance certificate).

Ensure clear title before proceeding.

2. Sale Agreement & Sale Deed

Must include:

NRI’s PAN, passport copy, foreign address.

Buyer’s KYC details.

Stamp duty & registration charges apply (varies by state).

3. TDS Deduction (Tax Deducted at Source)

Buyer must deduct TDS before payment:

20% TDS (if short-term capital gains – held < 24 months).

10% TDS (if long-term gains – held > 24 months).

Form 27Q must be filed for TDS compliance.

4. Repatriation of Sale Proceeds

Up to USD 1 million/year allowed under FEMA.

Requires:

Form 15CA (self-declaration).

Form 15CB (CA certification).

Funds must come from NRO account.

💡 Pro Tip: Apply for a lower TDS certificate (u/s 197 of IT Act) to reduce deduction.

4. Option 3: Power of Attorney (POA) for NRIs

Types of POA for Property Transfers

General POA (Broad powers – risky, avoid unless necessary).

Specific POA (Limited to sale/gift/registration – recommended).

How to Execute POA from Abroad?

Notarize POA in country of residence.

Attestation at Indian Embassy/Consulate.

Adjudication in India (at district collector’s office).

POA holder can then sign documents on NRI’s behalf.

⚠ Best Practice: Use specific POA to limit misuse risks.

5. RERA Protection for NRIs

✔ Builders must register projects under RERA.

✔ NRIs can file online complaints for delays/fraud.

✔ Same legal rights as resident Indians.

Example: Maharashtra RERA Portal

6. Tax & Compliance Tips for NRIs

Capital Gains Tax applies on property sales.

Exemptions available (Sec 54/54F) if reinvested in another property.

Form 15CA/CB required for remittance > ₹5 lakh abroad.

7. Need Legal Assistance?

For expert guidance on NRI property transfers, inheritance, or tax compliance, contact:

B S Makar, Advocate 📞 +91-9878131111 | 🌐 www.makarlaws.com 📍 Specialized in NRI Property, Inheritance & Tax Compliance

Key Resources

🔗 RBI FEMA Guidelines 🔗 NRI Property Sale TDS Rules 🔗 RERA Complaints Portal

Final Thoughts

Managing property in India as an NRI doesn’t have to be complicated. With the right legal steps, you can gift, sell, or inherit property smoothly—without traveling to India.

[nirajnanal]

 Step-by-Step Financial Plan to Buy a Home in a Metro City

1. Define Your Budget

Research Property Prices in your target metro city (e.g., Mumbai, Delhi, Bangalore, Pune).

Account for all costs, not just the property price:

Registration + Stamp Duty (5–8%)

Brokerage

Home loan processing fee

Interiors / furniture

Moving costs

Example: For a ₹1 Cr flat, actual total cost can go up to ₹1.1–1.2 Cr.

2. Check Your Affordability

Use the 28/36 rule:

Max 28% of your gross income should go to home loan EMI.

Total EMIs (home + other loans) should not exceed 36%.

Example: If your monthly salary is ₹1,50,000 → safe EMI: ₹42,000

3. Check Loan Eligibility

Banks usually fund up to 75–90% of property cost.

You need to arrange 10–25% down payment + extra charges.

For ₹1 Cr property: Down payment of ₹20–25 lakh

4. Start Saving for Down Payment

Set a target and timeline (e.g., ₹25L in 3 years → ~₹70,000/month)

Use a mix of:

SIPs in Mutual Funds (for returns)

RD/FD (for safety near goal time)

Avoid risky investments like crypto or stocks if goal is short term

5. Build Emergency Fund

Keep 6 months of expenses aside even after you buy.

Owning a home comes with new expenses (repairs, maintenance, society charges).

6. Improve Your Credit Score

A 750+ CIBIL score ensures better interest rates.

Pay EMIs, credit cards on time; avoid multiple loans or credit inquiries.

7. Factor in Additional Costs

Monthly EMI

Society maintenance

Property tax

Utility bills (especially if bigger space or gated complex)

8. Compare Loan Options

Look for:

Lowest interest rate (check both public and private banks)

Tenure flexibility (longer = lower EMI, more interest paid)

Prepayment/foreclosure charges

Use home loan calculators on bank websites

9. Consider Joint Ownership

If you’re married, both incomes can be used for higher loan eligibility.

Both partners can also get tax benefits under 80C and 24(b).

10. Tax Planning

Home loan gives tax deductions:

Up to ₹1.5L under Sec 80C (principal)

Up to ₹2L under Sec 24 (interest)

First-time homebuyers may get additional benefits under Section 80EE/EEA

Tip: Should You Rent or Buy?

Calculate Rent vs Buy over 10–15 years.

In many metros, renting is cheaper in short-term, but owning builds equity long-term.

Would you like me to create a custom financial plan based on your income, city, and budget? Just share a few details or directly connect with us.

Your monthly income

Target city (e.g., Mumbai, Bangalore)

Timeline to buy (e.g., 3 years)

Current savings (if any)

[taxassistantorg]

Indian Taxpayers: Are You Claiming All Your Home Loan & EV Loan Deductions? Find Out Here

Are You Missing Out on Major Tax Savings from Your Home and EV Loans

Thousands of Indian taxpayers could be significantly reducing their tax burden by fully utilizing deductions on their home and Electric Vehicle (EV) loan repayments, yet many are not claiming the full benefits. As the tax filing deadline approaches, understanding the various provisions of the Income Tax Act is crucial for maximizing your savings.

Here’s a comprehensive guide to ensure you don’t overlook these valuable deductions:

Unlocking Home Loan Tax Benefits

1. Section 24(b) – Interest on Home Loan: This section allows deductions on the interest component of your home loan EMI. * Self-occupied property: You can claim up to ₹2 lakh per financial year. * Let-out or rented properties: There’s no upper limit on interest deduction, though only ₹2 lakh of loss can be set off against other income in a financial year. * Important: This section covers only the interest portion; the principal is handled separately.

2. Section 80C – Principal Repayment: The principal amount of your EMI, along with stamp duty and registration charges, is deductible up to ₹1.5 lakh per annum. * Conditions: The house must be constructed and ready for possession, and the loan must be for a residential property. * Exclusions: Loans for repairs, renovation, or reconstruction are not eligible. * Note: This benefit is not available under the new tax regime.

3. Extra Perks for Homebuyers: To promote affordable housing, the government introduced additional sections: * Section 80EE: Offers an additional deduction of ₹50,000 on interest for first-time homebuyers. This applies to loans sanctioned between April 1, 2016, and March 31, 2017, where the loan amount doesn’t exceed ₹35 lakh and property value is capped at ₹50 lakh. * Section 80EEA: Provides an additional deduction of ₹1.5 lakh on interest for affordable housing loans taken between April 1, 2019, and March 31, 2022. The stamp duty value of the property must not exceed ₹45 lakh. This deduction is available even to Non-Resident Individuals (NRIs).

Driving Green with EV Loan Tax Benefits

Section 80EEB: If you’ve taken a loan for an Electric Vehicle, you can claim a deduction of up to ₹1.5 lakh on the interest paid. * Applicability: This applies to EV loans sanctioned between April 1, 2019, and March 31, 2023. * Scope: The benefit covers both electric two-wheelers and four-wheelers, making eco-friendly transportation more accessible.

Who Can Claim and What to Remember

Eligibility: Generally, any individual owning a residential property (self-occupied or rented) is eligible for home loan deductions under Section 24.

Dual Benefits: You can even claim both home loan benefits and House Rent Allowance (HRA) if specific conditions are met, such as residing in a rented house in a different city for work while owning a home elsewhere.

Documentation is Key: Your Income Tax Return forms specifically ask for loan and interest details under these sections. Ensure accurate entry and keep all supporting documents, including interest certificates from your lender, loan sanction letters, EMI statements, and property documents, handy for verification by the Income Tax Department.

Don’t let these valuable tax savings slip away! By accurately claiming your eligible deductions, you can significantly reduce your tax liability this filing season.