Srishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Explore tax-saving instruments, tax-exempt proceeds, and financial compliance. https://economictimes.indiatimes.com/nri/invest/income-tax-made-easy-nris-complete-guide-to-income-tax-filing/articleshow/107902967.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cpps
New housing scheme for the middle class to boost residential demand as well as supply; infrastructure upgrade to fuel growth in Tier 2 and Tier 3 cities. https://www.hindustantimes.com/real-estate/real-estate-budget-2024-focus-on-infrastructure-new-housing-scheme-for-the-middle-class-101706791768069.html
Union finance minister Nirmala Sitharaman on Thursday presented the last Budget of the Narendra Modi government before the 2024 Lok Sabha elections, with a particular focus on women, youth, poor and farmers. https://timesofindia.indiatimes.com/business/budget/union-budget-2024-10-major-takeaways-from-modi-govts-pre-election-budget/articleshow/107320037.cms
Budget 2024 Expectations: The real estate sector body added that there should also be a provision of a credit guarantee scheme for housing loans up to Rs 40 lakh and house improvement loans up to Rs 20 lakh. https://www.moneycontrol.com/news/business/real-estate/budget-2024-credai-pushes-for-lower-tax-shorter-holding-period-for-long-term-capital-gains-12093741.html
New remittance law will be in place from July 1, 2023 https://timesproperty.com/news/post/rising-demand-and-new-launches-fuel-thanes-real-estate-blid4772?offset=1
When calculating capital gains on the sale of an immovable property, one crucial factor to consider is the cost of acquisition, which includes expenses of a capital nature incurred in connection with the purchase or completion of the property’s title https://www.moneycontrol.com/news/business/real-estate/understanding-the-tax-implications-on-sale-of-property-10885221.html
Bankers anticipate a surge in LRS remittances before the new TCS rate is implemented, as some people may prefer to send their remittances before the new tax structure takes effect on July 1. https://bfsi.economictimes.indiatimes.com/news/industry/indians-may-rush-sending-money-overseas-in-coming-months-before-higher-tcs-rate-kicks-in/97979543
