Double taxation on transfer of immovable property for inadequate consideration?


 Budget 2013-14 Any immovable property  received by an Individuals / HUFs ‘without consideration’, its stamp duty value is taxable in the hands of the buyer as income from other sources, barring few exceptions. It is now proposed that where any immovable property is received for a consideration which is less than its stamp duty value by Rupees … Continue reading Double taxation on transfer of immovable property for inadequate consideration?

REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE


THE CHIEF MINISTER MR.D.V.SADANANDA GOWDA INAUGURATED A NEW CONCEPT AND HASSLE FREE REGISTRATION PROCESS IN THE STATE OF KARNATAKA FROM 04-11-2011.  PROPERTY BUYERS CAN REGISTER THEIR PROPERTIES IN ANY OF THE SUB-REGISTRARS OFFICE IN THEIR DISTRICT.  THERE IS ALSO A PROPOSAL TO CREATE AND ISSUE A UNIQUE PROPERTY IDENTITY CARD TO THE PROPERTY OWNERS IN KARNATAKA BY … Continue reading REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE