Property Tax News
Property sellers beware: How unused CGAS can hit you with unexpected taxes
The Capital Gains Account Scheme (CGAS) remains a useful interim tool for reinvestment, although its tax deferral advantage has narrowed.
2 min read8 Oct 2025Major crackdown against tax defaulters: Five Gurugram properties sealed for outstanding dues worth over ₹6 crore
The sealing operation was led by Zonal Taxation Officer Pankaj Kumar, supported by Tax Inspector Pankaj Saluja and a dedicated team from the MCG’s tax branch. The drive targeted prominent commercial properties, particularly in Bestech Cyber Park, Narsinghpur, and an industrial property in Kadipur.
1 min read16 Sep 2025UK Deputy PM Angela Rayner resigns —Who was she? What was the controversy? Explained
Angela Rayner resigns: UK Deputy Prime Minister Angela Rayner has resigned from her position following a probe revealing she underpaid property tax. In her resignation letter, she took responsibility for the error.
2 min read5 Sep 2025Property Tax: How to calculate and pay online — everything you need to know
Property tax is an annual direct tax on real estate ownership, varying by location. Payments can be made online or offline. Here's everything you need to know about it.
3 min read2 Sep 2025Hundreds of Bengaluru residents get tax notices for not including car parking area! Here’s what happened
A senior BBMP official said that the car parking area is never explicitly mentioned in the sale deed in terms of size; only the super built-up area is.
2 min read7 Aug 2025Sattva Group's Shivam Agarwal on how proptech is disrupting real estate
The real estate industry is rapidly evolving with technologies like AI and digital twins. Shivam Agarwal from Sattva Group discusses how proptech enhances decision-making and efficiency - he expects significant adoption in the next 5-10 years.
1 min read25 Mar 2025Why you must defer property sale from March to April
Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and reinvestment planning that helps avoid paying capital gains tax.
3 min read11 Mar 2025How are property sale proceeds taxed for a resident but not ordinarily resident?
As RNOR, only income that is received, deemed to be received, accrues, arises or is deemed to accrue or arise in India is taxable.
2 min read13 Jan 2025Taxation on sale and purchase of immoveable property by NRIs: All you need to know
Different nuances of tax deducted at source (TDS) on the transfer of immovable property by NRIs.
4 min read14 Mar 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared