In reality, fully understanding a commercial lease requires attention to detail and help from a property broker. Who will be responsible for paying property taxes and insurance — you or the landlord? Who will pay for utilities? Who will cover maintenance expenses? To discover the answers to those important questions, you need to know exactly what kind of commercial lease you are signing. Lease...
by Project Sales
When you sell a property, be it a home or land, you have to pay capital gains tax on the same. Capital gains tax is of two types- Short-Term Capital Gains (STCG) for a property held for less than 36 months and Long-Term Capital Gains (LTCG) for above 36 months.In the case of STCG, the profits generated in the process of selling land is included in the taxable income of the owner and he/she has to pay...
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A Power of Attorney (POA) is a useful instrument for Non-Resident Indians (NRIs) who own a property in India.
by Project Sales
Key things NRIs should keep in mind while buying property in India At one point in time, buying real estate property in India used to be a complex job. With specific legal reform over the years, it is now a seamless process. According to foreign exchange management act (FEMA) – a non-resident Indian is a resident outside of India for more than 182 days. RBI governs transactions like buying real...
by Project Sales
Capital gains can be loosely termed as the profit generated from the sale of any investment or property. Depending on the duration of holding of these assets, capital gains are classified as long-term & short-term gains. According to the Income Tax Act, 1961, any immovable property with a holding period of more than 2 years is classified as long-term capital assets and any profit arise by selling...
by Project Sales
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