Registered Rent Agreement - Leave & License in Pune 24 X 7

29/07/2016

Income tax laws allow tax payers to claim various benefits, with respect to the house occupied by the assessee – whether it is owned by you or taken on rent. Conditions for claiming R..

29/07/2016

CHENNAI: If you are living in a rented house in a major city, chances are you may be forking out a decent sum every month. But it could increase further if the state government and your landlord decide to do so. For the first time in nearly 70 years, the Indian Rent Control Act has been revised with...

17/05/2016

Experts say changes announced on Tuesday in reporting format for individuals claiming tax deduction on LTA, LTC, house rent allowance and interest paid on home loans is aimed at plugging leakages on account of fake bills.

16/03/2016

TENANT POLICE VERIFICATION

A tenant verification drive is mandated under section 144 of the Criminal Procedure Code (power to issue order in urgent cases of nuisance of apprehended danger). It states that no landlord shall rent out the his or her accommodation to any person unless and until s/he has furnished particulars of the prospective tenant at the concerned police station.

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21/01/2016

HRA: If in a rented flat, it is important to provide a properly registered tenancy agreement. This would have your and the owner's permanent account number (PAN), registered with the municipality. Till a couple of years ago, taxpayers did not have to provide their house owner's PAN unless the rent was at least Rs 1.8 lakh a year or Rs 15,000 a month. The income tax (I-T) department has since lowered the limit to declare the owner's PAN to Rs 1 lakh a year or Rs 8,333 a month.

However, employees who get an HRA up to Rs 3,000 a month are not required to give receipts for proof of the rent paid. This might not benefit a huge number of taxpayers, especially in big cities, unless they are sharing a flat.

If the owner does not have a PAN, the employee needs to give a declaration stating this, with the owner's details. The documents need to reach the I-T department within February. If not, the HRA exemption given will be reversed and the entire HRA amount clubbed with the salary and taxed according to the relevant tax slab.

Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months

16/01/2016

03/12/2015

A new job or even a desire to set up an entrepreneurial venture, prompts many youngsters to move cities. House hunting for a leased flat, which fits one’s budget is tedious enough. In addition, if service tax is payable it means a higher outgo.

30/10/2015

Efforts like the TUNE, a Seattle software startup-sponsored house and numerous other initiatives are trying to increase the number of women interested in computer science and technology. Organizations such as Girls Who Code, a national nonprofit, are introducing more high school girls to computer science. Women-only training programs such as Hackbright Academy in San Francisco and Ada Developers Academy in Seattle are also teaching women coding and other technical skills.

Women make up more than half of the US' workforce, but they still play a small role in inventing technology.

16/10/2015

Landlords need no longer fear squatting tenants and those living in rented accommodation should not be constantly afraid of untimely eviction as interests of both parties will be safeguarded in a bold tenancy law drafted by the Union government.

30/09/2015

If you are a bachelor, you know that house hunting in the city can be a real task.

14/09/2015

Located between Mumbai and Pune, Lonavala has always been a popular destination for a weekend and a second home for both cities. It is likely to become a satellite town for both Pune and Navi Mumbai in the future. Given the economic activity and

27/08/2015

Rentals have remained more or less flat across major cities over the past one year or so because of excess supply in many markets where people are moving to farther places than before on the back of improved transport infrastructure.

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As per CommonFloor data, rentals across major residential hubs in Bengaluru like Marathahalli went up slightly to Rs 19 per sqft from Rs 17 per sq ft over the past one year.