Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

Dear Readers, sharing experience of seasoned investor in this Article, hope it will be a great help to many new investors. 3 Times in My Real Estate Career When Failing Was a Success Is it ever possible to really have complete clarity and foresight? None of us has a crystal ball. What may first appear to be a disaster can become one of the most fortunate happy mistakes of your career. As real estate investors, we aim to solve problems daily. We try to use common sense to make sure we perform proper due diligence before making any serious investments. Sometimes we feel confident in our decisions, and other times we feel pressured into making quick choices in an instant. Especially while you are still learning, this unconfident decision-making process is often called learning by trial and error. Below are 3 investment stories when failing was a real estate success. 1. Undercut by Doing the Right Thing I arrived to the seller’s mobile home right on time for our appoint

Capital Gains Tax India A guide to tax impact on income from capital gains Updated on Feb 02, 2018 - 05:33:33 PM Contents: What is a  Capital   Gain ? What are Long-Term and Short-Term  Capital  Assets? Calculating  Capital   Gains Exemption on  Capital   Gains Saving Tax on Sale of Agricultural Land What is a  Capital   Gain ? Any profit or  gain  that arises from the sale of a ‘ capital  asset’ is a  capital   gain . This  gain  or profit is charged to tax in the year in which the transfer of the  capital  asset takes place. Capital   gains  are not applicable when an asset is inherited because there is no sale, only a transfer. However, if this asset is sold by the person who inherits it,  capital   gains  tax will be applicable. The Income Tax Act has specifically exempted assets received as gifts by way of an inheritance or will. What is a  Capital  Asset? Here are some examples of  capital  assets: land, building, house property, vehicles, patents,

From June 1st 2013, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land)  costing more than Rs 50lakhs , he has to deduct TDS when he pays the seller. This has been laid out in  Section 194-IA  of the Income Tax Act. Here are the requirements of this section: The buyer has to deduct TDS at  1%  of the total sale consideration. Note that the  buyer  is required to deduct TDS, not the  seller . No TDS is deducted if sale consideration is less than Rs 50lakhs. If installments are being paid TDS has to be deducted on each installment. Tax is to be paid on the entire sale amount. For example, if you have bought a house at Rs 55lakh, you have to pay tax on Rs 55lakh and not on Rs 5lakh (i.e. Rs 55lakh – Rs 50lakh). This is applicable even when there is more than 1 buyer or seller. If you are the buyer, you do not need to obtain a TAN (Tax Deduction Account Number) number. If you are the seller, you have to provide

Greetings,  2acres amenity reservation plot for sale at prime location near Phase 1, Hinjewadi Rajiv Gandhi Infotech Park, Hinjawadi, Pune, Maharashtra Plot state is amenity space, Road touch frontage, ideal for school or hospital or any other public amenity, asking price Rs.2000/- per Sqft.  For plot purchase,  Built to suit option: can also make built to suit for buyer or school looking to have hassel free assistance in constructing the local approvals etc.  For more detail genuine enquiry, pls contact. Thanks & Regards, Deepak Sundrani, The Guru Realty, RERA CERTIFICATE NO. A52100002438 Member NAR - INDIA (National Association of Realtors - India) Member ICREA (International Consortium of Real Estate Associations) Member of EAAP (The Estate Agents' Association of Pune) Shop No. D-110, Ground Floor, Megacentre, Behind Noble Hospital, Hadapsar sholapur highway, Near Magarpatta IT park,   Pune - 411028, Maharashtra, India. Tel/Fax: +91-20-30401206 Mobile: +91-

Dear Readers of my Blog, thought to share my brief email correspondence with my NRI client on the matter of his query of Capital Gain tax on property sale in india, sharing as it is: Question: On 10-Jan-2018, at 12:12 PM, arindam das wrote: Hi Deepak Happy new year ! hope you are well. Can you pls advise your understanding of the long term capital gains tax rules for sale of property, should we decide to sell any of our India properties. Thanks and regards Arindam My Reply: Greetings Mr. Arindam,  Happy new year to you, I am fine, thanks. Reg. capital Gain tax on property: thanks for asking query to me although this question should be explained by CA OR LAWYER as this is legal /tax Related. However still as we are into this business & come across such transactions so can share you my personal understanding of the same as follows: Point 1) Capital gain tax is charged upon profit you make on any property. Point 2) profit is calculate

Project Likely To Become A Reality in 2026 TIMES NEWS NETWORK Pune:The pre-feasibility study by Los Angeles-based Virgin Hyperloop One and the Pune Metropolitan Region Development Authority (PMRDA) has given a green signal to the Pune-Mumbai route for Hyperloop — the speedy mode of transport — and it could be a reality in 2026. The report of the preliminary study conducted by PMRDA and Virgin Hyperloop One (VHO) was finalized on Monday. It would be submitted to the state government on January 15, said PMRDA commissioner Kiran Gitte. He said the team from PMRDA and VHO, who conducted the study, stated if all the sanctions, the actual study and the proposed demands were cleared, Pune-Mumbai Hyperloop should come into existence in 2026. The study to ready the prefeasibility study was undertaken in six weeks after the state signed a memorandum of understanding. The study ended in January first week. “They study has been very positive in terms of feasibility of the rou