Selling agricultural land, whether inherited or owned, may raise questions about potential capital gains tax. Agricultural land in rural areas in India is generally not considered a capital asset, leading to no taxation on the gains from its sale.
"November 2023" Archives
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Secrets of Real Estate : As the sun sets today and the anticipation of tomorrow’s grand occasion fills the air, me and my family find ourselves on the brink of celebrating something truly remarkable – the 52nd visit of Lord Ganesha to our humble abode.
It is a moment of profound significance, for in the revered form of the elephant-headed deity, we discover a wellspring of wisdom and inspiration that resonates not only within the realms of spirituality but also within the bustling corridors of my professional life as a Realtor. Lord Ganesha, the embodiment of divinity and devotion, dons many hats and carries profound symbolism that speaks to our hearts. So today I want to take you on a journey to unveil how this majestic deity has gracefully shaped my path as a Realtor, infusing every transaction with a touch of the divine.
FD rates rise – MUMBAI: Notably, bank credit growth has outpaced deposit increases in the initial five months of the current fiscal year, indicating a potential upward movement in bank deposit rates. The weighted average term deposit rates of banks increased by 27 basis points in April-August 2023, according to RBI data. Bank deposits grew…
The Chennai NCLT classified advances from property buyers to a real estate developer as ‘borrowing.’ The appellant, a suspended director, emphasized involvement in developing layouts. Three Sale Agreements with respondents for 10 plots involved a Rs. 1,36,00,000/- advance (26/08/2016 to 09/03/2017). HMDA approval on 27/03/2017 led to mortgaging Plot Nos. 24 to 29 by HMDA,…