Sales

When a property or land is sold, the seller must file income tax returns reflecting the capital gains, and submit related documents to support cost calculations, exemptions claimed, and tax paid. These documents are essential for accurate reporting, and for responding to any queries from the Income Tax Department during assessment. 1. Sale Deed The registered sale deed is the most important...

In India, Tax Deducted at Source (TDS) on land sales is governed by Section 194-IA of the Income Tax Act, 1961. It mandates the deduction of tax at source when certain conditions related to the sale of immovable property are met. This provision ensures tax compliance and reporting in high-value real estate transactions. 1. Applicable Transactions TDS is applicable on the sale of immovable property,...

Capital gains tax arises when a capital asset, such as land, building, or securities, is sold for a profit. The Income Tax Act provides for specific exemptions under various sections to promote reinvestment, social welfare, and certain strategic asset classes. These exemptions apply to both long-term capital gains (LTCG) and short-term capital gains (STCG) under specified conditions. 1. Section 54 –...

Stamp duty is a tax levied by the state government on legal documents related to property transactions, such as sale deeds, gift deeds, lease deeds, and conveyance deeds. As a state subject under the Constitution of India, each state has the autonomy to set its own stamp duty rates, concessions, surcharges, and calculation methods, resulting in variation across the country. 1. Different Rates Across...

The applicability of Goods and Services Tax (GST) on commercial land transactions in India depends on the nature of the transaction, whether the land is developed or undeveloped, and whether additional services or construction are bundled with the sale. GST provisions are governed by the Central Goods and Services Tax (CGST) Act, 2017, and related notifications issued by the GST Council. 1. GST on Sale...

Setbacks are the minimum open spaces required to be maintained between the building and the property boundaries or roads. They are mandated by building bye-laws, municipal regulations, and planning authorities to ensure safety, ventilation, privacy, access, and fire prevention. The required setbacks depend on the type of building, plot size, road width, usage, and number of floors. 1. Front...

During a sales discussion—especially in the context of land development, project feasibility, or property investment proposals—estimating construction cost is essential to help stakeholders understand the financial scope, project viability, and potential returns. The estimate is usually presented in a preliminary yet strategic form, combining technical data with market benchmarks. 1. Use of Per...

Road-facing plots offer several key benefits that make them highly suitable for showroom development, particularly for businesses that rely on visibility, accessibility, and walk-in traffic. These plots are typically located along arterial roads, highways, or commercial corridors, which enhances their utility for displaying products and attracting potential customers. 1. High Visibility and Brand...

Constructing retail units—whether as standalone shops, shopping complexes, or mall components—requires a series of statutory permits and regulatory approvals from multiple departments. These permits ensure the development complies with land use policies, building codes, safety standards, and urban infrastructure laws. 1. Land Use and Zoning Clearance The land must be classified for commercial...

Promoting land for commercial mall development involves a strategic combination of market positioning, legal readiness, infrastructure showcasing, investment appeal, and stakeholder engagement. The goal is to attract developers, retail investors, or institutional groups by highlighting the site’s potential to accommodate large-scale commercial activity. 1. Establish Legal and Regulatory...