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Real Estate - Indian Real Estate Law

Origin of Land Revenue System: Credit goes to todar mal, the great administrator during akbar’s regime for initiating a well- structured land revenue system for the first time in the history of land administration in India. The methodology relied on three factors: the measurement, classification and fixation of rent. Read More... 

Property And Wealth Tax: Under the Wealth Tax Act. Wealth Tax is charged for every assessment your in respect of the net wealth on corresponding valuation date for every individual. HUF and company. Read More...


IT Deduction Against Rent: Here are some factors governing eligibility for deduction against rent paid.As per the provisions under section 80GG of the Income Tax Act, assesses are allowed a deduction in respect of the expenditure incurred towards payment of rent for the house premises furnished or unfurnished, occupied by them. Read More...

 

Major aspects Of Rent Agreement: In case you are giving your home on rent or taking a home on rent, the rent agreement plays a pivotal role in determining the rights of the lessor and lessee. The rent agreement entered into between the lessor and the lessee, is the agreement that contains the terms and conditions subject to Read More...

 

GIS – Based Tax System From This Year: Property tax payment at the touch of a button this is what the GIS based tax collection project envisages. Across 57 urban local bodies ( ULBs ) including seven city Municipal Councils ( CMSs ) and one Town Municipal Council ( TMCs ) of Bangalore, this hitech and frist-of-its0kind system in the country  Read More...

 

Making a Valid power of Attorney: Power of attorney ( PoA ) means authority given by one person to another authorizing him to act on his behalf. According to the power of attorney act 1882, PoA includes any instrument empowering a specified person to act  Read More...

 

Making a Valid Sale Deed: A sale is transfer of ownership of property by one person to another person for a mutually agreed price paid or promised. The Contract Act Transfer of Property Act, Registration Act,  Read More...

 

Your Right to Information: A visit to the Bangalore City Corporation ( BCC ) seeking information was like entering a maze. But not any more just walk into any of the BCC’s offices fill up a form specifying details you want about any aspect of the BCC, get it within a month.  Read More...

 

Obtaining a Khata: Application for khata transfer may be filed in any of the citizen service centres along with documents mentioned in the Sarala Khata Scheme Book. Read More...

 

Registration of property: According to the Indian registration act 1908, the purchase a property should be registered with the office of the register and / or sub-register of the district and / or sub-district within whose jurisdiction  Read More...

 

Ensure a clear Title: Property rates in the city are skyrocketing and not all are lucky enough to net a BDA site. The result is a wide gap in the demand supply chain. Inevitably, prospective buyers are scouting for sites the City Municipal Council ( CMC) areas.  Read More...

 

Gifting Property: One of the modes of transfer of immoveable property is by way of gift. A gift is a gratuitous transfer. A gift of immoveable property, as the name suggests,  Read More...