January 10, 2023, 09:01 pm

INVESTMENT IN TANGIBLE ASSETS

Making profit in a tangible asset class such as land requires maturity and patience! Land can give you great returns over a longer period of time. To all the crypto investors don’t expect your land investment to give you a 1000% return in 2 months like Doge coin or any other crypto currencies. Similarly, don’t expect your investment to crash and lose 90% of it’s value like Doge coin or any other crypto currencies.
The more mature stock market investor (vs the crypto investor) will prefer investing in stocks due to high returns and liquidity, which is fair. And yes, I am totally aware that stock markets have given a very good return historically along with the advantage of instant liquidity.
However, the point of investing in land is to diversify one’s portfolio. Land till date has proven to be an excellent asset class to hedge inflation over a long period of time.
Just like the stock markets, one must be aware of the upcoming developments in and around his or her region and diligently select and invest.
Don’t overlook the power of land investments in India. Remember, you cannot manufacture more land and it truly has a limited supply. Land, houses, apartments, offices or any man made structure always appreciates.

HAPPY INVESTING...

September 05, 2022, 10:09 pm

How Investing In A New Town Property Can Have More Benefits Than You Think

New Town known as the Solar city of Kolkata, it is still developing towards its aim of transforming into one of the best smart city of India. The locality offers the perfect combination of commercial, residential spaces and transportation facility. The area is home to offices of popular companies like TCS, Cognizant and many more which has attracted more companies to set up their offices here. One of the most significant advantages of purchasing property in New Town is that people from all over the world are constantly coming here in search of better jobs and business growth opportunities. Along with these offices, there are also various clubs and entertainment spots in the locality like Axis mall, City Centre 2, Central mall, Eco Park, Wax museum. All of these spots are well connected through availability of different modes of public transport, such as bus and taxi services. Netaji Subhas Chandra Bose International Airport lies approximately 11 kilometres. Overall, having properties in New Town are less likely to face a communication problem. The well-developed locality offers plenty of real estate investment options with higher returns. Real estate in New Town witnessed a transformation after property prices touched new heights in recent years.

July 21, 2022, 01:07 pm

TAX BENEFITS OF INVESTING IN REAL ESTATE

Section 80C

The amount paid as Repayment of Principal Amount of Home Loan by an Individual/ HUF is allowed as tax deduction under Section 80C of the Income Tax Act. The maximum tax deduction allowed under Section 80C is Rs. 1,50,000.

Section 80EEA

A deduction for interest payments up to Rs 1,50,000 is available under Section 80EEA. This deduction is over and above the deduction of Rs 2 lakh for interest payments available under Section 24(b) of the Income Tax Act.

Section 24

Income chargeable under the head "Income from house property" shall be computed after making the following deductions, namely:—

(a)  A sum equal to thirty per cent of the annual value;

 (b)  where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital:

Provided that in respect of property referred to in sub-section (2) of section 23, the amount of deduction or, as the case may be, the aggregate of the amount of deduction shall not exceed thirty thousand rupees :

Provided further that where the property referred to in the first proviso is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed within five years from the end of the financial year in which capital was borrowed, the amount of deduction or, as the case may be, the aggregate of the amounts of deduction under this clause shall not exceed two lakh rupees.

Explanation.—Where the property has been acquired or constructed with borrowed capital, the interest, if any, payable on such capital borrowed for the period prior to the previous year in which the property has been acquired or constructed, as reduced by any part thereof allowed as deduction under any other provision of this Act, shall be deducted under this clause in equal instalments for the said previous year and for each of the four immediately succeeding previous years:

Provided also that no deduction shall be made under the second proviso unless the assessee furnishes a certificate, from the person to whom any interest is payable on the capital borrowed, specifying the amount of interest payable by the assessee for the purpose of such acquisition or construction of the property, or, conversion of the whole or any part of the capital borrowed which remains to be repaid as a new loan.

Explanation.—For the purposes of this proviso, the expression "new loan" means the whole or any part of a loan taken by the assessee subsequent to the capital borrowed, for the purpose of repayment of such capital:

Provided also that the aggregate of the amounts of deduction under the first and second provisos shall not exceed two lakh rupees.