Rent from unsold flat is Business Income?

By Vimal Punamiya, FCA, LLB Accommodation Times Bureau PROPERTY V/S BUSINESS INCOME Earlier rental income earned by real estate developer was not of dispute, because developers preferred to offer income under house property head so then can claim standard deduction of 30%. But department wants to tax rent income under business head. This issue was resolved

Tenant Have Legal Rights In Rented Housing Property

By Accommodation Times Bureau Chandigarh Legal issues emerging among owners and tenants are viral in air, since decade. So, it is extremely important as a tenant to know their rights well. Wrangles between the landlords and tenants are too common – not only in the country, but also in the world- despite the enactment of

What if tenant over stay the lease period?

By Advocate S R agarwal Accommodation Times Bureau By overstaying, a licensee cannot claim tenancy rights With the passage of the time the system of giving properties on leave and license basis in Maharashtra is taking roots, but still a good number of the property owners are apprehensive; because they are not sure

Legality of Lease – Hold Property Transactions

By Advocate S R Agarwal Accommodation Times Bureau A person interested in the purchase of a flat or an apartment or any property needs to satisfy himself about the title of such property. In Maharashtra, a Promoter has to make full and true disclosure of the nature of his title, duly certified by an Advocate of

Commercial Lease falling in major Metros

By Accommodation Times Research Commercial rentals in major metros are falling drastically. Corporate relocating their offices and back offices. In Bandra Kurla Complex the rates have touched rs.150/- per sq ft per month many buildings and there are no takers. All the CBDs of Mumbai i.e. Nariman Points, Lower Parel, Andheri

Legality of Lease Hold Property Transactions

By Advocate S R Agarwal Accommodation Times News Services LEGALITY OF LEASE – HOLD PROPERTY TRANSACTIONS A person interested in the purchase of a flat or an apartment or any property needs to satisfy himself about the title of such property. In Maharashtra, a Promoter has to make full and true disclosure of the nature of his