Mumbai, March 2 (IANS) In a major move providing significant financial relief to Mumbaikars, the Brihanmumbai Municipal Corporation (BMC) has approved a proposal to increase the property tax waiver limit for residential homes. Under the new resolution passed unanimously by the municipal body, the exemption limit has been raised from 500 square feet to 700 square feet.This decision is being viewed as a major “gift” to citizens from the newly-formed Mahayuti alliance and the city’s new Mayor.The e…
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Mumbai, Feb 25 (IANS) Municipal Commissioner Bhushan Gagrani on Wednesday presented the Brihanmumbai Municipal Corporation (BMC) budget for the fiscal year 2026-27, proposing a total outlay of Rs 80,952.56 crore. The budget gives a major push to infrastructure development and technological advancement.This represents an 8.77 per cent increase over the previous year’s budget of Rs 74,427.41 crore.The budget marks a significant strategic shift toward long-term asset creation, with Capital Expendit…
For Non-Resident Indians investing in Indian real estate, understanding tax compliance requirements is crucial. A recent case before the Income…
If you’re a U.S. homeowner with a mortgage, you’ve likely heard about Form 1098 Mortgage Interest Statement. But here’s the…