Tag: #Tax exemption

Tax Relief

South Delhi announces tax exemption for residents of the illegal colonies.

March 16, 2020

An amnesty scheme has been declared by South Delhi Municipal Corporation to provide relief for inhabitants of unauthorized colonies. SDMC Mayor Sunita Kangra clarified that, under the terms of the scheme, the unpaid tax in respect of residential property in unauthorized colonies would be exempted from payment by paying just the current year’s tax. “In […]

South Delhi announces tax exemption for residents of the illegal colonies.more
Tax Relief

NMC introduces 5% tax rebate on prompt tax payments.

February 18, 2020

The Nashik Municipal Corporation (NMC) chose to introduce an incentive of up to 5% on the prompt payment of property tax bills for the first quarter of the financial year 2020-21 to collect a maximum property tax. When you pay online, you can get another 1% tax rebate. Those who pay their annual tax in […]

NMC introduces 5% tax rebate on prompt tax payments.more
Tax

How to save on long-term capital gains tax from a residential property sale.

July 22, 2019

By Abhay Shah, Realty Quarter Profits derived from the sale of a house with a holding period over 24 months are referred to as long-term capital gains and are taxed at the rate of 20.80%. In various ways, you can save long-term capital gains. Profits derived from the sale of a house with a holding […]

How to save on long-term capital gains tax from a residential property sale.more