Results for #costs
Taxes & Duties
#transfer#flat#costs#involved#rent
If I want to transfer my share of a flat that I jointly own with my mother to my wife, what will be the costs involved? Also, after the transfer is complete can I pay rent on this flat and claim HRA exemption in my salary?
If I want to transfer my share of a flat that I jointly own with my mother to my wife, what will be the costs involved? Also, after the transfer is complete can I pay rent on this flat and claim HRA exemption in my salary?
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Answered on November 08, 2017
You can transfer your share to your wife by executing a gift deed. Further as the property is being gifted to wife (relative), there will be no tax liability under section 56 of the Income Tax Act. However stamp duty and registration charges needs to be paid in this case.
If the gift deed is executed, any payment of rent received by your wife in respect of the said property will be clubbed in...
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Purchase & Sales
#costs#buying#under-construction#flat
What is the difference between the the total costs in buying an under-construction flat versus buying a ready flat?
What is the difference between the the total costs in buying an under-construction flat versus buying a ready flat?
Answered on November 08, 2017
Buying a flat In under construction building will attract payment of GST whereas it is not applicale for a completed building having Occupation/Completion Certificate issued by approval authority
Architecture & Interiors
#costs#residential#society
Do solar panels prove effective at cutting costs for a residential society?
Do solar panels prove effective at cutting costs for a residential society?
Answered on November 08, 2017
Yes, solar panels will certainly be cost effective in comparison to energy used from Power suppliers, because it uses natural resource of sunlight. (Similar to using of bore well water is economical than municipal supplied water.). However, as per present technology we need very large surfaces to mount solar panels facing direct sunlight.
