i have a land in Sriperumbudur at nemili park.It is located near by rajiv gandhi college of eng.We bought it at 2007 at the cost of Rs 100 per sq ft .does the price increase now if so how much is the recent price.
now Rs.350 /sq ft
The indexed value of flat sale price on which tax is payable, comes to Rs.1600000. I want to invest about 10 lakhs in real estate and pay capital gains tax of 20% on balance 600000. Can I do this?
I do not believe that India has any rules allowing the avoidance or deferral of capital gains taxes on the sale of real estate, by fully or partially reinvesting the proceeds of that sale. However, here are some website with link to various sections of the Indian tax code, that may help you answer your questions:
http://nri-realestate.blogspot.com/2007/06/nri-queries-related-to-tax-rules.html
http://economictimes.indiatimes.com/opinion/policy/Direct-Taxes-Code-Capital-gains-tax-is-investor-friendly/articleshow/6477547.cms
http://indianblogger.com/income-tax-on-capital-gains/
RealEstate Progress will bring up the economy rapidly, but the banks need to corporate,
especially the ones that took buyout. This should be a part of the deal.
I am not sure what your question is, but your statement is far more perceptive than most I see on Y!A. The bailout itself was heavily tilted by the power, wealth, and political influence of its benefactors solely in favor of those benefactors.
The callous greed of these benefactors is evidenced in their obdurate opposition to any contribution on their part to rebuilding our economy. We helped the wrong people.
We would have acted much more prudently had we bailed out most of the people who have lost their homes to foreclosure. The banks and other speculators holding questionable mortgages would have been paid off and thereby avoided bankruptcy without the hundreds of billions we poured directly into their coffers. Millions of homeowners would still have their homes; these houses would not be flooding the market depressing the value of residential estate.
With millions of people able to keep their homes and their equity, personal spending would not have fallen as precipitously as it did. Portfolios would not have lost their value; as a result, the big banks, insurance companies, etc., would have remained solvent and would have been able to keep all (or most of) their employees. With more people able to spend money, fewer businesses would have lost their customers. With more businesses solvent, fewer people would have lot their jobs.
The bailouts accomplished very little beyond quickly restoring to a few ultra-rich speculators and to monopolistic Corporate America the wealth (and much more) that they had lost in the early part of the recession. Now these corporations sit awash in $2 trillion, which they do not invest, their promises to do so notwithstanding.
We can still salvage our economy. Since the greedy elite will not invest this immense treasure without assurance of immediate profit, we should take much of that idle capital through taxation and spend it on rebuilding and modernizing our infrastructure. Doing so would not be MAKING work; it is doing work that is long overdue. In the process, we could put millions of Americans back to work–and back to spending and restarting our economy.
I helped my daughter purchace her first home. After one year she was unable to continue making her mortgage payments. We tried to get a loan modification but was denied. I reviewed the contract and noticed that the lender did not sign any of the documents.
The contract of sale would be signed by buyer and seller- not by mortgage company. Even if some of the contract paperwork is not binding for some reason- the fact that your daughter signed the closing documents shows that she was OK with what had been agreed.
If you are talking about loan documents that she got at closing- she may have gotten copies that were not yet signed by mortgage company at closing. She could have gotten copies later that had signatures- or the signed ones may have been sent directly to county. It is possible someone made a bad mistake- but not very likely. You would have to hire a good local real estate lawyer to get a good idea.
I would like to know the onging rate for the Realestate price and Rent rate near Spine Road, Moshi Pradhikaran in Pune.
It would be great if you could let me know soon.
For rental it is around Rs.5000/- Try the link for confirmation:
http://www.bharatestates.com/pune/property/1742/1-BHK-flat-for-rent-in-Moshi-Pradhikaran
For sale is about Rs.3100/- per sft. Try the link for confirmation:
http://www.makaan.com/property/apartment-pradhikaran-moshi-pune-sale/d261b337a7f434275d9bb50d463e2e8e/RA1137598.php
My friend wants to get her realestate license but she has a felony. Is there a way she can obtain it or does her Felony disqualify her somehow??
Yes, contact the licensing bureau.
But consider that she might have a VERY tough time getting a job, even if she can get the license. She also might find it nearly impossible to be an independent realtor without company experience.
She should do some serious research as to whether there are any successful realtors with similar felony records. If so, maybe go for it. If not, it might not be a wise career choice.
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i want to buy a house so when I live there sometimes, after I retire, do I have to consider tax and any forms I need to file when I do the transaction?
i guess if I sell the house for a profit, then there are tax consequences from uncle sam. of course, since it’s become an investment? , heh?
you want to buy a home in another country? not a problem
however, if and when you sell it, as a US citizen you would be taxed on any gain you made on the sale
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