Property tax is a significant revenue source for local governments, and the Annual Rental Value calculation system is one of the primary methods used to determine this tax. ARV is based on the potential annual rental income of a property which could generate and serves as the foundation for calculating the property tax liabilities. In this article taxlekka explores ARV’s role in property tax calculations, ...
The year 2025 brings significant changes to the taxation landscape for property investors in India, especially with updates to Long Term Capital Gains (LTCG) tax rules. Whether you’re a seasoned investor or a first time homebuyer, understanding these changes and leveraging available tax benefits can help you optimize your financial strategy. This article explores the latest developments in LTCG tax, affordable housing incentives, and actionable ...
The Union Budget 2025 has brought significant relief for homeowners, especially those owning multiple properties. With a focus on simplifying taxation rules and addressing practical challenges faced by taxpayers, the government has introduced a much needed change regarding the treatment of self occupied properties (SOPs). Let’s break down what this means and how it impacts taxpayers. What has changed for home owners in 2025 Budget? ...