The concept of the fair market value of a property is very important to the buyer as well as the seller for a variety of reasons. This is especially significant under the Income Tax laws. If the transaction price as stated in the sale agreement is lower than the fair market value of the property, […]
In a pleasantly surprising move, the West Bengal government, in the state budget proposal, announced major incentives to the homebuyers. It announced the reduction of circle rates by 10% and reduction of stamp duty by 2%. The scheme will be valid till September 30, 2022. Because of Covid 2nd wave, the economic activity took some […]
The Union Cabinet, on June 2, 2021, approved the Model Tenancy Act, in a move that is likely to revive India’s rental housing market by initiating a multitude of reforms. The government issued a statement that said, “The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country. […]
Sreetama never expected this. Even in her worst nightmare, she could not imagine such a turn of events. Her world seemed to be falling apart. A few months of persistent struggle, slow recovery from a sudden crisis — all seemed to be coming to an end. Her husband Sujoy constantly tells her to cheer up […]
Why is the monsoon rains such a welcome relief to almost all Indians? In spite of the waterlogged roads after a heavy shower, in spite of the discomfort of carrying a water-drenched umbrella, and in spite of occasionally catching the cold, sneezing, and fever, we love rains in every city in India, especially in Kolkata. […]
Are there really a lot of advantages of living in a housing complex these days? Is there better safety? Does the community and the infrastructure help to live a more fulfilling life? Sambit Roy lives in a gated community with his beautiful wife Sreetama and their 7-year-old daughter Rini. They really think that living in […]
We are experiencing unbearable heat every summer in India. It is expected that 2021 will be no different. The Indian Meteorological Department (IMD) has stated that the summer season is expected to be warmer than usual over most regions of India except some southern states. Kolkata weather is extremely humid in addition to being hot, […]
Can we claim the benefits of section 80EEA for Under (...)
