realestate2022

How to arrive at the fair market value of a property, and its importance in income tax laws We look at the importance of fair market value under the tax laws and how one can arrive at or obtain the fair market value of a property The concept of fair market value is very important under the income tax laws. The buyer, as well as the seller of a property will be impacted, if the sale/purchase consideration as stated in the agreement is lower than the fair market value of the property. Importance of fair market value under the income tax laws Any profit on the sale of a property, is taxed under the income tax laws. The profit is generally arrived at, by deducting the cost of acquisition and cost of improvement, from the sale consideration. If the property is held for more than two years, you are allowed to avail of the benefit of indexation, on the costs. For properties that are acquired by you prior to April 1, 2001, you have the option to take the fair market value of the property as of...

SBI Lowers Home Loan Interest Rates To 8% The cut in lending rates will be effect from November 10, SBI said SBI also lowered FD rates for select maturity SBI cited adequate liquidity for FD rate cut India's biggest bank State Bank of India or SBI today lowered lending rates, making loans cheaper. SBI cut its MCLR or marginal cost of fund based lending rate by 5 basis points across all tenors, its 7th consecutive cut in borrowing rates in FY 2019-20. After the rate cut, SBI's one-year MCLR will come down to 8% per annum, with effect from November 10, 2019. The one-year MCLR is the benchmark against which most retail loans such as home loan and auto loan are priced. HDFC Bank had earlier this week cut marginal-cost based lending rate (MCLR) for various tenors by up to 10 basis points (bps). MCLR is closely linked to the bank's actual deposit rates. If your home loan is linked to one-year MCLR, your interest rate will get reset only after the completion of one year. SBI today...

Vastu Shastra to cultivate leadership skills and drive business growth We look at some Vastu Shastra tips that one can follow at home and in the office, to boost one’s leadership skills and professional growth As an effective business leader/ CEO/ entrepreneur, one always has a dual responsibility of safeguarding and promoting the larger vision of the organisation, while also taking care of the individual growth of the team/ organisational family members. The leader has to take them on the path of progress and stability, irrespective of their varied individual ideologies, their strengths and weaknesses and their own aspirations. As a leader and head of the organisational family, one has to also ensure unity in diversity, to achieve the goal of progress, prosperity and peace. An entrepreneur’s final aim is growth + stability and ultimately thought leadership in his sector, among peers. While most people who aspire to become dynamic leaders take up various external training sessions to a...