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Saving Capital Gains on Sale of Immovable Property in India

June 13, 2022 / BY OPENMINDS-Realtor
What is Capital Gain on Sale of Property?As per Income Tax Act, 1961, Capital Gain Tax is applicable on sale of any residential property in India. This rule applies to both Resident Indians as well as NRIs. It is computed based on whether it falls under the category of short-term or long-term capital gains which, in turn, depends upon the period of holding...

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Should One Buy a Home During Pandemic?

June 25, 2020 / BY OPENMINDS-Realtor
“Don’t wait to buy real estate, buy real estate and wait.” – Will Rogers With the entire world hit by Covid19 pandemic and future being uncertain, real estate market activities are also at a standstill. Even those who were looking to buy a home towards the end of 2019 or start of 2020, are now slightly hesitant to take the next step. The...

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Tax Benefits of Buying a House

June 25, 2020 / BY OPENMINDS-Realtor
Planning to buy a home? It is time to understand various tax saving options available to you. Tax Saving on Self-Occupied PropertyTax Saving on Rental PropertyTax Saving on Under-Construction PropertyJoint Home Ownership and Joint Home Loan Liability Tax Saving on Self-Occupied Property On Home Loan Principal Repayment If you take a home loan to buy a house, you would be paying monthly EMIs....

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