Browsing Tag

homebuyer tax relief

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In a major win for homebuyers, the Maharashtra Real Estate Appellate Tribunal has directed CCI Projects to pay delay interest at SBI MCLR + 2% to two allottees in the Rivali Park Winter Green project, setting aside the MahaRERA order that had rejected their compensation claim. The Tribunal ruled that unilateral extensions of possession dates by the promoter are invalid and that buyers do not waive their rights by continuing payments.

Stamp Duty Value Much Higher Than What You Paid? This Mumbai Homebuyer Just Saved ₹31.76 Lakh in Tax

“Bought a house below stamp duty value? This Mumbai man saved ₹31.76 lakh in tax because the difference was brought under 10% with DVO valuation. Full case study on how homebuyers can protect themselves from Section 56(2)(x) tax demands.”
In a major relief for homebuyers, ITAT Mumbai has ruled that stamp duty valuation for tax purposes must be taken from the booking date—even if the allotment letter is unregistered—protecting buyers from unfair tax demands caused by builder delays.

Income Tax Tribunal Mumbai: Booking Date Matters for Stamp Duty Valuation, Even Without Registered Agreement

In a major relief for homebuyers, ITAT Mumbai has ruled that stamp duty valuation for tax purposes must be taken from the booking date—even if the allotment letter is unregistered—protecting buyers from unfair tax demands caused by builder delays.