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Blog posts June 2020

Home Loan

Buying a home is a significant financial decision, and for most people, it requires taking out a home loan. A home loan is a type of loan that is granted by banks or financial institutions to help individuals purchase a property. Before applying for a home loan, it's important to understand the elig…

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TDS on sale of Property

 

Selling a property in India involves a certain amount of tax compliance, and non-compliance can lead to penalties and legal issues. If you're an Indian resident or a non-resident Indian (NRI) selling a property in India, you need to be aware of the TDS (Tax Deducted at Source) rules that apply t…

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Power of Attorney(POA) in property deals in Maharashtra

A POA is a legal document by which one person (donor-principal) gives another person (the attorney-agent) authority to act on his behalf and in his name. Every act performed by the attorney within the authority of the POA is legally binding on the person granting it. It may be pointed out that a POA…

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G.S.T. on Property Transactions

GST or Goods and Services Tax is an indirect tax which is applicable to the supply of service related to the construction of the building. However, GST is not applicable to completed constructions.

However, GST is not applicable if the whole of the consideration for a property is paid after issua…

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