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Stamp duty and registration fees and GST on flat purchase (for under-construction properties) are the charges over and above the purchase price.

Maintenance costs for a 1 BHK flat in Mumbai typically range from INR 3,000 to INR 8,000, depending on the society and amenities. 

Yes. 1 BHK flats in Mumbai are in high demand for rentals, especially in areas like Mulund, Bhandup, Panvel and Dombivli where the social infrastructure and connectivity are good. Depending on [...]

You are supposed to file ITR-2 if you have a capital gain from the sale of property. 

While there is no urgency to pay the capital gain tax, there is a specific date to pay the advance tax when you file your ITR to avoid paying interest under sections 234B and 234C.

Yes. You owe capital gains tax when you sell the inherited property. The capital gains tax is calculated based on the property’s value at the time of inheritance or the original purchase [...]

No. The interest paid on home loans cannot be deducted when calculating capital gain. However, while calculating your overall income tax for the financial year, interest paid can be deducted [...]

For joint ownership, the capital gain is calculated individually for each owner based on their share in the property. Each owner should report their share of capital gains in their income tax [...]