Vinyl flooring is a type of floor covering made from synthetic polymer materials, typically PVC (polyvinyl chloride). It is a popular flooring choice for many homeowners due to its affordability, durability, and versatility. Vinyl flooring comes in a variety of forms, including sheets, tiles, and planks, and can be designed to look like a range of natural materials, such as wood, stone, or marble. It is easy to clean and maintain, and is waterproof, making it a popular choice for kitchens, bathrooms, and other areas prone to moisture. Additionally, vinyl flooring can be cut and shaped to fit into any space, making it a versatile option for any room in the home. … Read more
What is Double taxation avoidance agreement?
Tags: Tax Guide
The Double Taxes Avoidance Agreement (DTAA) assists Non-resident Indians (NRIs) working in other countries in avoiding double taxation on income received in both India and their place of residency. Notably, the purpose of signing DTAAs with nations is to reduce tax evasion by taxpayers in either or both of the nations with whom bilateral or multilateral DTAAs have been signed.… Read more
Land pooling schemes: A viable alternative to land acquisition!
Tags: Realty Guide
The road to developing into an infrastructure behemoth in India was littered with squabbles between the government and landowners. The passage of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013 (RFCTLARR, 2013) (now referred to as the Land Acquisition Act) in 2013 provided considerable assistance. Conflicts over inconsistent, inadequate pay, and claimed forcible purchases, on the other hand, drove the states to find a replacement, and the Land Pooling Act emerged as a popular solution. Many states have announced their separate Land Pooling Acts since land acquisition and commandeering fall under the concurrent list.… Read more
What are the disadvantages of not signing a lease?
Tags: Rental
A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may opt to enter into a verbal agreement or construct an agreement but not have it registered.… Read more
Western India’s hill stations provide good investments for second homes.
Tags: Realty Guide
Due to a lack of open space in Mumbai and Pune, people have gravitated to the outskirts and green expanses around the hilly districts, away from the noise and commotion of the metropolis. As a result, possible second home investment locales such as Khandala, Lonavala, Karjat, and Alibaug, which were previously known as weekend getaway destinations, have emerged.… Read more
Infrastructure and investment are given major boosts in the budget for 2023.
Tags: Union Budget 2023
Under the ‘Saptrishi’ mantras, Finance Minister outlined seven main targets of the Union Budget 2023. Infrastructure and investment are one of these goals.… Read more
Everything you need to know about the Partnership Agreement!
Tags: Realty Guide
A Partnership deed constitutes the most essential form of legal documentation for any new business or property concern. It is a written statement of all the regulations, rules, and understandings agreed upon between two persons about the running of a business. It is also known as a Partnership agreement. Importantly, stamp duty and registry fees apply to the Partnership deed.… Read more
Everything you need to know about property transfers!
Tags: Realty Guide
There are several situations in which the property owner wishes to transfer property rights to someone else. This might be owing to the present owner’s critical sickness, retirement plans, or the sale of the property. In all of these scenarios, a legal procedure should be followed to document the transfer of property from a current owner to a new owner.… Read more
Land and property provisions in the Constitution!
Tags: LegalReal Estate
Since ancient times, possessing a piece of land has been connected with a person’s societal repute in India. Following India’s independence from the British, constitutional experts inserted clauses that guaranteed inhabitants of India certain rights pertaining to land and property ownership. We have developed a list of major land-related provisions that have found their way into the law book.… Read more
