Fri, Feb 15, 2019
Standard deduction of 30 per cent on the rent received along with all the municipal taxes being paid by the house owner is exempted from income tax in the rental income bracket.
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Sat, Feb 02, 2019
Budget 2019 has increased the limit for tax deducted at source (TDS) on rent paid to them by non-individuals i.e corporates etc. Earlier non-individuals (e.g corporates etc) who rented out houses had to deduct TDS if rent paid was more than Rs 1, 80,000 per financial year.
Fri, Jan 06, 2017
In a surprise move to curb black money, corruption and terrorism, prime minister Narendra Modi on November 8 announced scrapping of old currency notes of Rs 500 and Rs 1,000 as legal tender from circulation resulting in cash crunch and chaos aross various sectors including real estate.
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