Bengaluru Offers One-Time Settlement Scheme for Property Tax Evaders
In a significant move to alleviate the burden on property tax defaulters in Bengaluru, the Karnataka government has directed the Bruhat Bengaluru Mahanagara Palike (BBMP) to implement a ‘one-time settlement’ (OTS) scheme. This initiative aims to streamline the collection of outstanding property taxes while providing defaulters with an opportunity to settle their dues with reduced […]
E-Khata Conversion in Bangalore 2025: A-Khata to E-Khata
E-Khata Conversion in Bangalore: What to Do If You Have A-Khata Or No Khata at All If you own property in Bangalore, here’s something critical: without an E-Khata, your property may not be fully recognized in BBMP’s digital system. For those considering e-khata conversion in Bangalore, it’s crucial to ensure everything is updated. And in […]
Comprehensive Guide to HRA: Calculation Methods, Tax Exemptions, and Guidelines for Salaried Employees
House Rent Allowance (HRA) is an integral component of a salaried individual’s income. Understanding how to calculate HRA can lead to significant tax savings, making it essential for taxpayers to grasp the nuances of HRA deductions and their implications. What is HRA? House Rent Allowance, commonly known as HRA, is a part of the salary […]
Supreme Court Empowers Homebuyers: No More Unfair Agreements!
In a major victory for homebuyers, the Supreme Court has ruled that consumer courts can step in to protect buyers from one-sided builder agreements, ensuring fairness under the Consumer Protection Act, 2019. The case involved a real estate developer and homebuyers who booked an apartment in 2014. The contract stated that if the buyer canceled, […]
All You Need to Know About e-Khata
In the world of real estate, keeping track of property records and documentation is essential. In Karnataka, Khata is one such important document that proves the ownership of property and is vital for property-related transactions. However, traditional Khata processes have often been riddled with inefficiencies and bureaucratic delays. To streamline the process and bring more […]
Navigating TDS Deductions on Rent Payments in India
When leasing property in India, it’s crucial to understand the Tax Deducted at Source (TDS) obligations to ensure compliance with the Income Tax Act, 1961. This blog will guide you through the responsibilities of the lessee (tenant) in different scenarios and delve into the applicable sections, key points, and penalties associated with non-compliance. In the past, […]
