#Land Purchase and Sales In Kolkata
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Unlock opportunities in Kolkata's real estate market with Cognian Home Solutions. As your go-to Land Purchase and Sales Provider in Kolkata, we offer expert guidance and seamless services for your property transactions.
#Land Purchase and Sales In Kolkata#Land Purchase and Sales Provider In Kolkata#Land Purchase and Sales Services In Kolkata#Cognian Home Solutions#Kolkata
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Golden Rules of Debit and Credit Accounting:
Accounting forms the back-bone of the financial management of an organization; it accounts for and records correctly all business transactions. It is also the debit-credit concept that forms the foundation of the double entry bookkeeping system. These concepts have to be understood properly since they are vital in ascertaining correct financial records are kept; and this career can be pursued once a candidate enrolls for an Accounting Course in Kolkata.
In this discussion, we shall explore what are called the Golden Rules of Debit and Credit Accounting, the types of accounts involved, and just how these rules maintain financial recording integrity.
Basics of Debit and Credit
Every transaction in accounting affects at least two accounts, of course. One is increased with a debit; another is increased with a credit, though increases and decreases are not involved, but rather it is on the effect on the type of account involved.
Debit Entries That increase assets and expense accounts and decrease liability, equity, or income.
Credit Entries These are entries which raise liabilities, equity or revenue and decrease assets or expense.
For instance: Suppose a company buys stock in cash. In the account, it will credit the Inventory account (assets) and debit the Cash account (another asset). These are both weapons in the arsenal of an accountant trying to balance financial statements and both are used in that purpose.
Golden Rules for Debit and Credit Accounting
These Golden Rules of Debit and Credit Accounting can actually be divided into three key categories each of which can apply to specific types of accounts. Let's break them down:
Personal Accounts
Personal accounts are those involving individuals, companies, or organizations with whom the business has financial transactions such as with creditors and debtors.
Debit the Receiver: That is to say, when a person or entity receives something cash, goods, etc, that individual or entity's account is debited.
Credit the Giver: On the other hand, when something is given the account of the giver is credited.
For example: A business buys goods on credit from a supplier. Then, the supplier's account is credited and the purchase account is debited
Real Accounts Real accounts refer to physical assets. They include money, land, buildings, and machinery and other tangible property.
Debit What Comes In: If an asset comes to the business then it goes to the debit side of the account
Credit What Goes Out: And if it goes out then it will go to the credit side of the account
Example: This is in relation to when an entity buys machinery. In a bank sale or cash sale, this will credit the Cash or Bank real account and debit the Machinery real account.
Nominal Accounts
The nominal accounts are expenses and losses, incomes, and gains. Examples are: rent, salaries, income from sales, and interest received. All expenses and losses are debited since an expense or loss reduces the profit. Credit All Incomes and Gains: Income and gains increase profits, so they are always credited.
Example: When rent is paid, the Rent Expense account (nominal account) is debited and Cash account (real account) is credited.
Types of Accounts in Accounting
Being aware of the different types of accounts and how debits and credits affect them is an important step to mastering accounting principles. Let's go through each type in more detail.
Asset Accounts
All asset accounts account for everything owned or controlled, which the business might utilize to generate future economic benefits. These would include cash, accounts receivable, inventory, buildings, machinery, and investments.
Debit: In an asset, the account will be increased by debiting the account.
Credit: An asset is decreased by crediting the account.
Examples Buying equipment increases assets so that the Equipment account would be debited and Cash or Bank account would be credited.
Liability Accounts
Liability accounts consist of the business's loans and other duties that a company will settle in the near future. Liabilities embrace loans, account payable, mortgages, amongst others. Debit; When there is a reduction in the liabilities, credit the concerned account. Credit; A liability increases so credit this account.
The following examples A Business taking up a loan in the current period. When a Business takes up the loan and it goes down to record, then you credit a liability account loan payable and debit either cash or the bank.
Equity accounts are those which represent ownership interests in the firm, like common stock, retained earnings, and dividends.
Debit: An account is debited when equity decreases. Credit: An account is credited when equity increases.
Example
When the company issues stock, Share Capital account (equity account) is credited and Cash account (asset account) is debited.
Income and Expense Accounts
Income accounts are those that record revenues realized from business operations, while expense accounts are those that record costs incurred in conducting the business.
Debit: Expenses and losses are debited to decrease profit. Credit: Income and gains are credited to increase profit.
For example: When the company realizes revenue from sales, the Sales Revenue account, which is an income account, is credited, and the Cash or Accounts Receivable account, which is an asset account, is debited.
How Debit and Credit Accounting Reflect in the Balance Sheet
Basic accounting equation by debit and credit application must be on the balance
Assets = Liabilities + Equity
Therefore, this balance must forever be true. For all debit entries there must equally be a corresponding credit to keep the check on a balance sheet.
Practical Application: Tally Course, Taxation Course and GST Course
Courses such as GST or courses like Tally, Taxation, etc are also very helpful if one wants to understand and practically apply the Golden Rules of Debit and Credit Accounting.
Tally Course: Tally is the accounting software that does the majority of the work about accounting. Students are provided with the opportunity to utilize debit and credit principles quite efficiently in a computerized atmosphere.
Taxation Course: Because taxation deals with the concept of understanding tax-related transactions, their effects on the financial statements, and the accounting entries, the taxation course is also necessary for accountants.
GST Course: In any revisions to the rules of Goods and Services Tax, accountants learn how to make accounting entries to get into compliance and understand how this will change business transactions. GST Course can guied you to learn.
Conclusion Mastery of the Golden Rules of Debit and Credit Accounting is necessary for a career in accounting. The Golden Rules ensure double-entry bookkeeping, and thus, the correctness of the financial transactions involved. It will be easy for accountants to make reliable financial reports that are reflective of the true financial position of a business through the different types of accounts with their respective debit and credit rules.
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How to Register Flat Buyers Association in Noida Extension?
From a buyer's point of view, buying a 3 BHK Flat In South Delhi is beneficial. What could be a better offer than purchasing a condo for less than the going rate? Additionally, you save money by buying a resale flat instead of paying rent. If you want to purchase a resale unit instead, you can use the money to pay the EMIs on your house loan. Also, you won't have to wait months or years to move into the flat after making the purchase.
However, because a resale property has previously changed ownership, buying it entails a number of intricate legal steps as well as technological considerations. In order to make sure the flat has all the necessary government approvals and the seller has the right to sell it, you should, therefore, check and verify all the property papers and legal documents involved in the purchase before making the final decision to buy a resale flat in Delhi Noida or any other city in India. Also, you will need to know a few benefits of registering when you finally register your flat.
How to Register Flat buyers Association in Noida Extension? Before That, Know Why Registering is Essential
In Delhi, registering a flat seems like a chore, but it's worth the effort if you own a house. You have one more task to complete before you can formally take ownership of this land. It is necessary to register your property in order to provide you with ownership rights over it.
The state government is in charge of establishing laws and regulations for the flat registration process for a South Delhi flat. As per a state effort by the revenue department, property buyers can conveniently register the sale deed online and compute and pay stamp duty and registration fees through net banking.
Step 1 Know the Amount of Stamp Duty
The payment of stamp duty, a governmental fee, is one of the most critical procedures in the flat registration procedure in Delhi. The stamp duty rate varies from state to state because state governments set it. It is calculated as a percentage of the house's total property value or as the current circle rate as established by state authorities, depending on which of the two is higher.
Step 2, Prep-up The Sales Deed
If you are wondering how to register flat buyers association in Noida extension? A sales deed is one of the most critical documents in the registration process and when purchasing a luxury flat in Kolkata. The legal validity of a sales deed requires that it be typed on stamp paper, which can be bought from a vendor or downloaded from the internet. You will need to hire a competent attorney to create it on your behalf since it is a legal document for your 3 BHK flat in South Delhi.
Step 3. You Will Need to Obtain Necessary Document
Before purchasing an apartment in Delhi and registering it with your sub-registrar, a few documents must be verified.
A government-approved ID card and proof of address.
No objection certificate (NOC) for the asset
passport-sized pictures of the owner of the property and two observers
The latest bank account statement if you are still paying mortgage payments on the home.
Building blueprints that the appropriate authorities have approved.
Title deeds belonging to the landowner.
You can use cash or a demand draft to pay the stamp duty.
Produce the Title Report
To obtain the chain of documents that represent the history of the flat, you should perform a Title Search at the Registrar's office. After it is finished, you will receive a written analysis of the flat in the form of the Title Report, which will include facts about the property tax, liens and mortgages attached to it, as well as the description of the flat and other information about its tax rate, the identity of the title holder, and any joint encumbrances.
Step 5. Paying the Registration Fees
Following the sub-registrar's verification of the document's legitimacy for your South Delhi property and the payment of stamp duty, you will be required to pay the registration fees. If you make a reservation within four months of the sales deed being signed, the registration fee is 1.5% of the total property value.
Conclusion: How to Register Flat buyers Association in Noida Extension?
Each of these documents is an essential link in the chain of documentation you need to purchase a resale flat. When applying for a resale house loan, the bank also needs these submitted. Therefore, it is advised against buying the flat if any of these documents are missing or the seller is unable to produce them. Also, you can visit the official site of Bhavishya Nirman Builder or call them at 9711626242 to book your slot for sightseeing.
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Real Estate Property Investment Guide for First-Time Buyers
The prospect of owning property is a significant milestone, but the process can also be complex, involving many steps, decisions, and financial commitments. Whether you’re looking to buy a home for personal use or as an investment, understanding the ins and outs of real estate is crucial to making informed decisions.
This investment can take many forms, from buying a home to live in, purchasing rental properties, or investing in commercial real estate. For first-time buyers, the focus is often on residential properties, which can either be used as a primary residence or rented out to generate passive income.
Before diving into the real estate market, it’s essential to understand your goals. Are you looking for a home to settle down in, or are you more interested in building a portfolio of rental properties? This property-buying guide will be of immense help to you.
Prepare a Budget
Buying property requires a significant upfront investment, including the down payment, closing costs, and other associated expenses like property taxes, insurance, and maintenance. It’s crucial to clearly understand your budget and financing options before starting your property search.
A general of thumb is 28/26 rule. This rule says your mortgage should not cost more than 28% of your gross monthly earnings.
For most first-time buyers, securing a mortgage is necessary. Lenders typically require a down payment of 20% of the property’s value, but various loan programs may allow for lower down payments.
Hire a proper Real Estate Agent
The trick to finding the right property is hiring a professional real estate agent near you—an agent with experience with property types, price points, negotiation skills, and negotiation skills.
A tip here is to interview real estate agents based on approach, experience and mode of communication as this will enable you to choose the right one for you.
Agents have different specializations for example, they can specialize in residential, commercial, land and so on.
Legal Documentation
When it comes to buying property for the first time, certain legal transactions need to be fulfilled for first-time home buyers guide. Legal considerations involve verifying the ownership of property and title ensuring it is free from legal disputes. Here is a list of legal documentation you need to get familiar with ‘
Sales Deed- This includes the proof of ownership and transfer of the property’s title from seller to buyer.
Possession Letter- Created by the builder with an occupancy certificate to specify on which date the buyer will/has taken possession of the property.
Khata Certificate- This certificate verifies the owner's identity for tax payment while investing in new property as a home buyer in Kolkata.
Power of Attorney (POA)- this grants the authorisation to the person (real estate agent) to act on behalf of the buyer in property-related matters.
No Objection Certificate- This certificate acts as legal proof during transactions like mortgages, sales, gift deeds and so on.
Payment Receipts- the receipt is proof that the buyer has paid the sum of money to the developer/builder.
Compliance Under RERA- A home buyer should verify if the new property is RERA registered or not. To make the property selling operation smooth one needs to ensure properties are registered with state RERA.
Complete Ongoing loans and EMIs Payment
Investing in a home is one of the biggest assets and transactions you will ever make. If you are planning to take a home loan, it is advisable to clear ongoing EMIs before possession. Closing a loan early or prepaying of loan to substantially reduce the interest component of a home loan.
The principal amount gets repaid faster helping you to close your home loan earlier than you expected. Micro prepayments get auto-debited from your bank and this is the best option to repay the loan.
Get Approved for Mortgage
The first-time property buying guide for getting approved for a mortgage typically spells how much you are qualified to borrow.
Compare mortgage loan offers by getting free quotes from lenders to get an insight into the desired loan amount, down payment, rate fluctuation so on from real estate companies like Rai Real Estate.
Location and Transport
Quality of life depends on a good location with easy transport to work. Buyers usually want to buy properties that have convenient grocery stores, hospitals and schools nearby.
The location gains importance if it is easy and time-efficient to commute using public transport car, bike, metro or even walking distance.
Future Property value escalates when transport is budding and functional.
Considering Buying a Home?
Rai Real Estate is here to guide you with property buying if you are a first-time home buyer. With a deep understanding of the property landscape, they will walk you through every single step-by-step guide on how to buy property for the first time.
Knowing local residential areas will help you craft a budget that just doesn't work but helps you save more on property.
Dont just Buy homes- buy smart homes with smarter investment solutions with Rai Real Estate and Marketing.
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South Tops in Faster Project Completions
As the use of modern construction technology in large under-construction residential projects gains momentum, southern cities get top honours for speedy project completions.
In the backdrop of combined effect of RERA, use of construction technology, and the increasing market share of large and listed developers, the last decade (2014-H1 2024) has seen homebuyers’ wait for possession in large under-construction projects in the top 7 cities reduce to 4.9 years, from 6.1 years in the 2010-2019 period.
According to Anuj Puri, Chairman, Anarok, the latest Anarock data reveals that the average time to complete large residential projects of 500+ units in top 7 cities clocked in at 4.9 years from 2014-H1 2024, from 6.1 years in the preceding decade. Large and listed players account for nearly 34 percent of the market today. The stringent rules imposed on project delays by the regulatory authorities have also been a key factor in reducing the completion time.
All projects launched and completed between 2010-2019 and 2014-H1 2024 in the top 7 cities were analysed in the study, and were further segregated into developments with less than 500 units larger ones with over 500 units.When it comes to completing large projects, the top southern cities were markedly ahead of their northern, western, and eastern counterparts. For all large projects launched and completed between 2014 and H1 2024, the average completion time was lowest in Chennai with 3.6 years, while Hyderabad and Bangalore clocked in at 4.2 and 4.8 years respectively.
“For most large projects in NCR and MMR, developers had purchased land outright, thereby compromising their overall financial health and delivery capability,” says Puri. “On the other hand, most projects in the main southern cities are joint developments where landowners usually get a certain share of the developed units. In NCR, extreme weather conditions and the statutory restrictions imposed on construction during spike in pollution levels also have an adverse impact on construction timelines in the region. Most developers have gradually reduced their leverage and with stronger financial conditions, are able to focus on execution.”
It is noteworthy that at 36 percent , Chennai has the highest reduction of construction time among the top 7 cities, despite incessant rains during the monsoon season causing major challenges..
Small & Large Projects: Completion Trends (2014-H1 2024)
The average time taken to complete smaller projects of less than 500 units in the top 7 cities was 4.0 years, and 4.9 years for large projects of more than 500 units each.
In Kolkata, large projects launched and completed between 2014 to H1 2024 took the longest average time of 5.7 years to complete,
In MMR, it took an average of 4.7 years to complete small projects, and around 5.2 years for large projects.
In Pune, the average project completion time was 4.3 years for small projects, and 5.4 years for large ones.
In NCR, homebuyers waited an average of 4.7 years for small projects and 5.4 years for large ones.
In Chennai and Hyderabad, the average completion time for small projects was 3 years and 3.1 years respectively, and 3.6 and 4.2 years for large projects, respectively. In Bangalore, it was 3.5 years for small projects and 4.8 years for large ones. As larger projects gain momentum across the cities and new construction technology is implemented, construction time will reduce further. Continuity of execution across major projects is becoming a major factor with financially sound developers whose sales volumes have enabled continued cashflows.
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Commercial plot for sale Hyderabad
This website appears to offer commercial plots for sale in Hyderabad, a city located in the southern part of India. These plots may be suitable for individuals or businesses looking to purchase land for commercial development, such as for constructing a shopping center, office building, or other commercial property.
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CREDAI seeks dissolution of stamp duty on landed properties after GST implementation
CREDAI has appealed the state governments to abrogate stamp duty on landed property to dispose of multi-point taxation after the GST approach. In an official statement CREDAI affirms that GST will be a major player in Indian economy as it assimilates central and state tax paying into an absolute tax system for the entire country. CREDAI urges state government to downplay the double taxation of realty by treating land nil rated GST regime.
GST benefits both the state and industry as it waives multiple taxation at the state and centre level and the related other indirect surges. Real estate sector come under 12% slab of GST, which was only a chip of the tax burden, whereas for all other sectors GST is being considered as their indirect tax liability. Real estate sector is at odds as state government levied stamp duty on immovable properties will be operating even after GST implementation.
Stamp duty adds on 5-8 per cent excess taxability on the total valuation of the immovable property. The duty is to be paid on each transaction and is levied by the state governments on circle rates or guideline values of possessions which are at random determined and far in overindulgence of the value at which transactions turns up. Except abatement for land is permissible, cost to the end purchaser would mount. The National Real Estate Development Council (NAREDCO) revealed that 12% GST on construction process meant for relieving the buyers, which would encourage the sale volume in the coming days.
Welcoming the GST roll out West Bengal RERA expert Mr. Mahesh Somani said, “GST takes in more than 16 major taxes and brings together under a single bind. It will levy a simplified tax policy to the consumers. Indian realty is the contributor of 5% GDP revenue of the country and is considered the second-largest employment title-holder.”
“Residential property sale in Kolkata will definitely gain from the GST implementation as market report says that prices of luxury properties are likely to drop by up to 5% in this FY. Yes, the sector is expecting more sale volume this year than the previous one,” added Mr. Mahesh Somani.
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CloudFunnels Review – All in One Sales Funnel Builder You Need
https://lephuocloc.com/cloudfunnels-review/
Great day! welcome to my CloudFunnels Review.
I believe you are advancing commendably! I have a spot from Kolkata, West Bengal and starting late we were hit by a super tropical storm Amphan, and the decimation was huge.
Leaving isolated another pandemic which is the COVID-19 our city is truly under disturbance.
Regardless, I acknowledge that we should never leave the longing for living and I acknowledge there is a contender concealed inside every one of us, which comes in notice exactly when required.
Since most by far of our works are done from inside the house, and the pandemic is rising bit by bit.
Business visionaries and agents must make sense of how to function the business through on the web. In addition, this why, I have thought of an absolutely moderate and easy to make online arrangements channel help for your associations.
The CloudFunnels by Teknik Force can help you with making weighty Sales Funnels, Landing Pages and Email Marketing Campaigns, Webinars, and impressively more.
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What is a Sales Funnel?
In case you are almost no aware of the term bargains channel, let me first make the term comprehended to you.
The Sales Funnel is the name given for the course the site visitor takes to show up at the last objective. i.e: purchasing things or organizations.
The business channel has a couple of stages where the sponsors move their buyers further and further towards the base of the funnel and bolster or drive them into taking an extreme end and purchasing the thing.
As such, changing over the traffic into a last lead!
bargains channel model
Picture credit: Image taken from Bright Online future
The Basic Stages of a Sales Funnel are:
Care: Get careful or update about the dispatch of a current thing.
Interest: Customers requiring that thing or organization will take interest and purchase in to the email list.
Dynamic: If you have appealing offers or if they find the thing or organization appropriate they will purchase the thing or organizations.
Movement: Potential customers in this stage make the purchase and become your authentic customer.
Who Created the CloudFunnels by Teknik Force?
CloudFunnels has been made by Cyril "Jeet" Gupta who is a cultivated programming thing creator for more than 20 years.
This business Funeel planner is relied upon to coordinate specialists, solo business visionaries, and besides online business providers to amass their website on the web and effect the buying decisions of the online customers.
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Lift the relationship with the customers using email and advantage until the cows come home
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CloudFunnels Pros and Cons
Experts
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CONS
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How to Sell Your Company's Services And Products Online?
You can now run your business online with the help of pay per click services in kolkata. A perfect marketing strategy can be just the winning stroke you need. Read more here.
Technology advancements in recent years have increased e-popularity commerces like never before. And while the concept of purchasing and selling physical goods online is well-known to everybody, it is also becoming typical for companies to sell varied services.
According to a web development company in Kolkata, online service sales can be a profitable source of income that spares you the trouble of keeping inventory on hand. Selling services online doesn't have to be difficult, regardless of whether you're an authority in a certain sector or have a service you can sell without making a large investment. Anyone who can offer customers something worthwhile can sell services.
Identify your target market and niche.
No company can serve all customer's needs, so as you get ready to start selling online, consider how your products or services fit into the market and how you may differentiate yourself from the competitors. Spend some time reflecting on your past experiences, talents, top priorities, and objectives.
If you manage an agency, for instance, you can try to attract as many potential customers as you can by providing a variety of fundamental services at reasonable rates.
Take an audience survey
There are numerous opportunities to aid in your understanding of your audience's wants. Digital audience involvement has never been easier because of social media, public forums, and live streaming.
Establish and launch your internet store
You need an online store in order to sell services online. Thankfully, building an online store doesn't require you to be a skilled web designer or developer. When you're ready to start selling, you can design and install your website using an online website builder. Once your website's basic design is complete, you can start building the service pages that new users can register for. To highlight the various design features, you need also to include additional design components, such as a logo, pictures, and videos.
Creating a landing page
You only have a little window of opportunity to grab a potential customer's attention once they get on your website, so it's critical to create an engaging site packed with pertinent, helpful material.
Drive traffic to a landing page that puts emphasis on content and images that specifically cater to the demands of your target demographic. Thus, a reputed ecommerce development company in kolkata will give you the correct insights into designing a customized landing page.
Describe your offerings
There are several ways to present your services to your target market once you're ready to sell. Select the strategies that are most appropriate for your brand and target market. Your objective for each platform should be to get visitors to visit your website and subscribe to your email list so you can build a relationship and eventually increase sales.
Final Words
Are you prepared to start offering services online? Make your website and landing pages using the help of AGTS, the best digital marketing agency in kolkata. You can start selling your services right away if you have a fantastic idea and web design and development skills.
#ecommerce development company in kolkata#web development company in kolkata#pay per click services in kolkata#digital marketing agency in kolkata
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Enhance your outdoor spaces with Cognian Home Solutions, your trusted Landscape Contractor in Kolkata. Our landscaping services redefine outdoor aesthetics, blending creativity and functionality seamlessly.
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Buyers of real estate have to be aware of the fact that the transaction of purchasing property entails more than just forking over the money that the property is worth. For instance, there is a luxury bungalow for sale in Kolkata, and you want to buy it, then its stamp duty will be calculated based on its total land area. Stamp duty rates have been reduced by two percent, and property circle rates have been reduced by ten percent, as a result of recent action taken by the government of West Bengal.
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GST ON PURCHASE OF UNDER CONSTRUCTION HOUSE, COMMERCIAL PROPERTY
GST ON PURCHASE OF UNDER CONSTRUCTION HOUSE, COMMERCIAL PROPERTY
Before this judgment, the developers and builders had to pay GST on the remaining two-thirds of the contract value, which represented the building value, and assumed one-third of the contract value as "Value of Land." After this ruling, the real value of the land (if specified in the contract) will be subtracted, and the GST rate will be applied to the remaining sum. This ruling will be extremely advantageous for anyone purchasing under-construction real estate, particularly in cases where the land value exceeds the GST law's one-third threshold. It is significant to remember that because the "sale of land" is not included in the GST net, tax is not charged on it.
What law says about GST on under-construction flats/houses?
GST is charged on the provision of either goods or services, or both. The sale of land and ready-to-move-in homes and constructions, however, is exempt from the GST. If the developer receives payment for the development of such land or building, in whole or in part, before the completion or occupancy certificate is issued (as appropriate), then GST is due on the construction services rendered by the developer.
As a result, GST will be applied to the sale price if the developers sell the apartments to clients before the appropriate body issues the occupancy/completion certificate (as applicable).
There are two parts to the sale consideration for apartments, homes, and other structures:
Building, home, or apartment construction services
Land supply
How does the GST define affordable housing?
Housing units priced up to Rs 45 lakhs are considered affordable housing per the government's definition. To be considered affordable housing, the unit must also meet several requirements. If a dwelling unit in a major city costs up to Rs. 45 lakhs and is 60 square meters or less, it is considered to be an inexpensive home (carpet area). Metropolitan cities include Delhi-National Capital Region, Bengaluru, Chennai, Hyderabad, Mumbai-Mumbai Metropolitan Region, Kolkata, and Chennai. A dwelling unit in any Indian city, outside the ones already mentioned, that costs up to Rs 45 lakhs and contains up to 90 square meters of carpeting qualifies as an affordable house.
GST is not applicable on ready-to-move-in flats but applicable on under-construction flats
It is significant to highlight that the real estate industry is not included in the scope of the GST. Under "work contracts," the tax rate that applies to a property building is assessed. For this reason, a developer is not permitted to add GST to the price of residences that are ready for occupancy. A property is labeled as ready-to-move-in upon completion and after acquiring the occupancy certificate, and is no longer covered by a work contract. In other words, the GST would apply to the sale of properties that are still under construction and are awaiting OCs. It also begs to be mentioned here that under the previous administration, buyers of ready-to-move properties also had to pay service tax.
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Anurodh Jalan
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Top 4 Reasons To Invest In Newtown, Rajarhat Residential Complexes
Apartments in Newtown offer a distinctive fusion of the outdoors, job prospects, & social harmony. So consult real estate brokers in Newtown for purchasing one.
There is no asset class that compares to real estate in terms of wise investments. In an effort to park their money in a secure location and generate handsome returns in the future, investors purchase a wide range of choices, including land, apartments, offices, and retail spaces. Purchasing apartments is the best choice if you're thinking about investing in real estate development in Newtown. A wise investment in bungalows or 2 BHK and 3 BHK apartments can be quite beneficial. Demand for residences has steadily increased over the last several years.
Why does the best real estate consultant in Newtown advise investing in properties here?
Rajarhat Flats in New Town, Kolkata, are reasonably priced
The most important deciding factors are always cost and value, whether you're looking for flats for sale in New Town, Kolkata or somewhere else. Although the cost of real estate in Kolkata has been steadily increasing for more than ten years, New Town offers numerous enticing chances for the value buyer to purchase a property. Due to its location outside of the central city, New Town flats in Kolkata offer far more affordable prices than those in Kolkata South. Real estate brokers in Rajarhat point out that you can get large, pleasant apartments with several balconies for a fair price.
Amenities
When comparing apartments for sale in New Town, you can consider the many amenities offered by the apartment buildings because, believe us, there are plenty. To improve the lives of its potential occupants, numerous reputable real estate company in Rajarhat has gone above and beyond. New and upcoming apartments in Kolkata's New Town are a part of sizable residential developments that offer a wide range of amenities, including swimming pools, jogging trails, ponds, well-staffed clubhouses, and the like.
Rajarhat New Town, Kolkata, offers entertainment and hospitality
New Town has developed into a booming entertainment destination as a result of the satellite city's active IT community and student population. The region has a number of shopping centres, including Aquatica Water Park, DLF Galleria, and Axis Mall New Town, which provide access to much-needed retail therapy. Additionally, Rajarhat New Town's restaurants and other food and beverage outlets are very popular. Both young and elderly locals love the area's wonderful fare that New Town eateries are known for serving up. In terms of hospitality, there are reputable hotels close to New Town Kolkata.
Rajarhat New Town's Kolkata connections
The residents of the flats in New Town Kolkata enjoy a wide range of options for transit and connectivity. There are a variety of well-developed transportation options available to you in the area's transportation network, including bus routes, metro lines, taxi services, and rickshaw services. The principal train station and international airport in Kolkata are both located at distances of 14 and 11 kilometres, respectively, for travellers who frequently leave the city.
Conclusion
To invest in a property that fits your needs and budget, contact Property360, the best real estate agents in newtown premier real estate firm employing experienced real estate agents in New Town Kolkata. Go direction here,
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Planning To Buy a New Home? 4 Key Buying Facts To Consider
Nothing can be more comfortable than sitting close to your balcony, enjoying a hot coffee while getting the view of East-West Kolkata's township!
That is quite possible in reality if you buy any of the flats in Patuli available for sale. However, before purchasing a property, you should consider a few things.
Measurement of the rooms
The room measurement is an essential factor that cannot be overlooked while purchasing a property. If you are planning to buy a 2/3BHK flat, you should inspect the inner areas of the apartment. If you are not an expert in measuring the internal areas of the room, you should find someone who can examine the per area sq. feet of the rooms. If you find the per area sq. feet of the rooms are sufficient, you should only measure the rooms.
Affordability factor
The affordability factor plays a vital role in purchasing a flat. Before paying a visit to the property, you should frame a price chart to identify the available price of the individual property you are willing to buy. It is wise to put a tick-mark beside those flats for sale in EM Bypass or anywhere else in Kolkata that meets your budget. It will be easier for you to shortlist the right property from the list of the property you have finalized.
The reputation of the buyer
Before purchasing a property, you should know the reputation of the buyer. A property developer from whom you plan to buy a property should be RERA approved. If you find the property developer is RERA approved, it is wise to rely on the buyer while purchasing a property. Buying a property from a RERA approved developer will always help you to remain far from land-related legal disputes after buying the particular property.
Location plays a vital role before buying an apartment
As a buyer, you should consider the location of the apartment. If you find the apartment's location is ideal, then only it is wise to purchase the flat. It is essential to buy an apartment that is located close to the hospital so that you can expect medical aid in an emergency. It is also vital to choose a location that is well connected to the main city. If you have shifted to Kolkata recently, you should take some time to find out which location is suitable for you. Once you find a suitable location, then only you should initiate a process to buy the property.
Conclusion
Before purchasing any of the available flats for sale in Patuli or anywhere else, it is always advisable to consider these factors shared above. It will always help you to find the right property available for sale in Kolkata.
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Jharkhand Wipes Out Registration Charges On Property In Woman’s Name
A remarkable step has been taken by the Jharkhand state government supporting the women empowerment move. On Wednesday the government decided to forgo registration fee on properties registered on the names of any women.
In a press release government officials said that no registration and stamp fee would be charged for any immovable property purchased in the name of any female member of any family. Only Re. 1 token stamp money will be collected. This decision was made public in a review meeting of Land and Revenue Department review in Ranchi. Jharkhand CM Raghubar Das was the honorable president of the meeting, who also put lights on complete digitization on the entire area map of the state. In this meeting The Land and Revenue Department updated that at present online registry system is fully accessible across the state. To bring in women investors in the realty sector leading banks have already reduced housing interest rates across the country. In many states of the country women pay lower stamp duty. In Delhi and Haryana stamp duty charge is 2 per cent less. Thus, it’s advantageous for a couple to buy any immovable property in name of the woman. Women are also eligible of a tax benefit of Rs 2 lac on the EMI paid on home-loans. Coming to the affordable housing sector, PM has already announced that women should own an affordable housing asset as a co-owner or solo property owner. Under poverty alleviation scheme in west Bengal, women’s names are included in land titles of the government allocated plots to the economically weaker section of the state.
It’s expected that India is going in the right way to allure investors from the both domestic and international sides. After the complete implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA) buyers will get legal protection for intellectual property rights. Praising the move, West Bengal RERA expert Mr. Mahesh Somani said, “More people will be coming forward with realty investment soon after complete RERA implementation. As real estate sale holds a prime contribution in Indian GDP, the country is offering maximum benefits to the investors. RERA will be supporting homebuyers with a strong and transparent legal system.”
_ LNN (Liyans News Network)– Visit our online property portal to avail residential property sale in Kolkata for buying home at great discount.
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Decor That Brings Home Prosperity And Positivity
No matter you have acquired the costliest flat for sale in Kolkata, you still have to invite that positive aura to your home. Converting a residential property into a home is what brings you to a welcoming environment after a long hassling day. The house that lifts up your energy every evening you come back from work calms your mind on lazy Sundays and is a signature of your lifestyle.
While purchasing a home is once in a lifetime achievement for most of us, we do everything in our power to keep that house well maintained and decorated. Most families (especially Indian households) attribute home decor to good luck, strongly believing that prosperity gushes to their house by hanging the portrait of racing horses in their hallways or living rooms, planting a “money plant” or Epipremnum aureum an indoor plant increases the wealth of the family.
More than 70% of the families have these common decor items like a painting of horses (attributed to productivity), money plant (attributed to wealth), a rangoli (attributed to happiness) at the entrance, a statue of Buddha (attributed to calmness) and a mirror in the hallway or entrance (attributed to preventing an evil’s eye in the house). In a way, all these beautiful creations contribute to lifting up the positive aura at your home.
Is this a superstition?
Does God himself come to land and get attracted by these good luck charms you hold in your house and does that mirror actually curbs evil from coming to your house? Well, for me it is a bit far-fetched. In my opinion, placing this beautiful artwork or plant helps in creating a placebo effect - tricking the brain that your house has all the good luck you need to sustain and grow in life. You are emotionally healed as your mind says everything in your house is bringing good luck. “No Broken Watch In The House Please” - it’s bad luck.
Good Luck Comes With Positive Energy And Thought Process
As said all these amazing artefacts, though significantly beautifying your home, are here to tell your heart, brain and soul that “all is well” in the house. You can now sleep peacefully. Creating and maintaining strong positive energy, a sense of calmness and productivity - yes your house is now immune from all the negativity.
Nothing welcomes the positivity in your house more than cleanliness. A clean home with a mini temple is the place where Gods reside. Cleanliness with a temple again creates a sense of calmness in the house - your home is immune from evils.
Final Thoughts
Negativity and positivity are both states of mind - though your atmosphere certainly contributes to creating an aura, playing with your brain through all your other senses. Do you believe in Vastu? Real estate, nowadays is quite adamant about the Vastu Tangent whenever it comes to flat for sale in Kolkata.
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