Rent Agreement Leave & License in Pune

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...

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..

17/05/2016

Taxman raises compliance bar for TDS

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.
http://timesofindia.indiatimes.com/city/pune/Kondhwa-cops-file-most-cases-against-flat-owners/articleshow/51421159.cms

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12/02/2016

As the country faces a shortage of 19 million houses, around 10.2 million completed units are lying vacant, which can be absorbed under rental housing..

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

You need to read these four bizarre stories before you start living on your own!

30/10/2015

US housing appears to be insulated so far from the cooling global economy.

Home values and rental prices are steadily rising, fueled by strong demand and a tight supply of available properties, a pair of reports Tuesday showed.

16/10/2015

Now that the NDA government has finally started pushing for the Draft Model Tenancy Act 2015, the rental market has reason to cheer. If the Act comes through, there will be significant changes made to the almost archai

30/09/2015

Income from investments in the name of your child would normally be clubbed with your income, but this is not so if the child is disabled.

14/09/2015

With improvement in the overall economic and job scenario, the middle-class has been buying second homes, unlike earlier when HNIs dominated the space. Second homes are mainly an investment. And can...