Section 16 provides a deduction from the income chargeable to tax under the head salaries. It offers deductions for the standard deduction, entertainment allowance, and professional tax. Section 16 of the Income Tax Act provides tax deductions on salary income to reduce your taxable income. It includes: Standard Deduction: A flat deduction of ₹50,000 for salaried […]
A Non-Encumbrance Certificate (NEC) in Manipur is an official document that proves a property is free from legal or financial liabilities. It is essential for property transactions, applying for loans, or verifying ownership. What is an Encumbrance Certificate? EC is a crucial document in Indian real estate that details a property’s financial and legal history.
The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to promote transparency, accountability, and efficiency in the real estate sector across India. In Rajasthan, the Real Estate Regulatory Authority (RERA) oversees the regulation and development of the real estate industry, ensuring the protection of homebuyers’ interests and fostering growth in the sector. RERA
The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to bring transparency and accountability to the real estate sector. Under this Act, all real estate projects and agents must register with the Rajasthan Real Estate Regulatory Authority (RAJ-RERA) before promoting, selling, or advertising properties. Who Needs RERA Registration? Real Estate Developers/Builders: Any residential
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