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Tax laws explained: How rent payments and receipts affect your tax liability

Many investors prefer real estate for rental income, while others rent homes. Tax laws differ for rent paid and received. Under specific...

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NEWS

MCD to stop accepting cheques for property tax payment from July

The Municipal Corporation of Delhi (MCD) said on Wednesday, it will discontinue property tax payments through cheques from July 1 in view...

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Tamil Nadu

Chennai corporation collects Rs 2,218cr, beats tax collection target

CHENNAI: Chennai Corporation has collected Rs 2,218 in property and professional taxes for the financial year 2023-24, and also surpassed its target...

118

ITR

Mumbai: Property Tax Payment Deadline Set For May 25th

The Brihanmumbai Municipal Corporation (BMC), which has faced criticism for delaying property tax bills for 2023-24, has said that it will not...

176

BUSINESS

Attention Bengalurians: Bengaluru To Have New Property Tax Structure From April; Expected To Increase Rent Burden

Bengaluru: Owners who rented their properties will feel the pinch as the BBMP prepares to implement guidance value-based property tax from April...

323

ITR

Real Estate Investment: Here’s How You Can Save Income Tax, Check What Are Property Tax Exemptions

New Delhi: Sometimes, the income tax burden can prevent you from making maximum savings or investments in life. Hence, there are several tax-saving...

385

Real Estate

What is property tax? All you need to know

In the same way that a person’s income from various sources is subject to income tax, their immovable property is also subject...

285

Maharashtra

Mumbai: BMC hopes to collect Rs 1,500 crore property tax in 23 days

The Brihanmumbai Municipal Corporation (BMC) officials aim to collect Rs 1,500 crore property tax in the next 23 days. They are hopeful of collecting...