Selling Under-Construction Property: Loan & Tax Essentials

Selling Under-Construction Property: Loan & Tax Essentials

Selling an under-construction property, especially one with an existing home loan, involves specific financial and tax considerations that sellers should be aware of. The legal interpretation of such a transaction is key: it’s typically viewed as a “transfer of rights” rather than a direct sale of the property itself, as possession has not yet been … Read more

RERA Punjab Gets Major Income Tax Exemption from CBDT

RERA Punjab Gets Major Income Tax Exemption from CBDT

The Central Board of Direct Taxes (CBDT) has granted it income tax exemption under Section 10(46) and 10(46A) of the Income-tax Act, 1961. Key Details of the Exemption This significant exemption was announced via Notification No. 16/2025 on February 12, 2025. Here’s what you need to know: In simple terms, as long as RERA Punjab … Read more