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CBDT Cuts Tax on Rent and Property Acquisition
May 18, 2020: The CBDT has shared a slew of reductions to help consumers weather the COVID-19 storm. To weather the COVID-19 storm, the tax department has announced a 25% deduction in tax on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property for a period
Written by NoBroker.com
Published on June 23, 2025
FM Gives Push to Affordable Rental Housing For Migrant, Urban Poor
May 15, 2020: In order to relieve the real estate sector of some stress, Finance Minister Nirmala Sitharaman said that the government is giving a one-year extension to the CLSS or Credit Linked Subsidy Scheme which started in 2017 and was due to have ended on March 31, 2020, till March 2021. This will help boost
Written by NoBroker.com
Published on June 23, 2025
Karnataka Minister says landlords cannot take rent during lockdown
May 13, 2020: R Ashoka, a revenue minister in Karnataka stated that landlords cannot collect rent from tenants during the lockdown. He said action would be taken against landlords if they force tenants to vacate property due to non-payment of rent.
Written by NoBroker.com
Published on June 23, 2025
No registration fee, stamp duty for new apartments in Tamil Nadu
The welcome move comes shortly after some sub-registrar offices demanding to register the apartments attracting stamp duty and registration fee. May 12, 2020: The registration department in Tamil Nadu has clari
Written by NoBroker.com
Published on June 23, 2025
Credai reports increase in cement, steel prices; suggests capping the prices
May 11, 2020: Realtors' body Credai said that cement and steel rates have increased monumentally by 40-50 per cent in last few weeks despite the lockdown. It has alleged that this surge is due to price cartelisation and unfair trade practices by the manufacturers. The fraternity has written to Minister of Hous
Written by NoBroker.com
Published on June 23, 2025
Real estate projects get back to action
May 8, 2020: Although the government has permitted the recommencement of construction activities in non-Covid hotspots in a couple of district, according to developers, nothing has actually moved on the ground and the labour force is very lean.
Written by NoBroker.com
Published on June 23, 2025
India Offers Land to Businesses Exiting China
May 6, 2020: According to sources, India is cultivating a considerable large land pool to attract businesses moving out of China given the pandemic situation. A total area of
Written by NoBroker.com
Published on June 23, 2025
How credit cards can help tenants in times of Coronavirus
May 4, 2020: More and more people are adopting digital payments to pay rent to their landlords. And when paying digitally, credit card is the best option as it gives not only reward points but also a free credit period. The nationw
Written by NoBroker.com
Published on June 23, 2025
