Page 3 - Sanjeev Sinha

Docs to delayed complaint: Why homebuyers lose legal fight against builders

Another reason for buyers weakening their own case is making inflated or unrealistic claims

Lender loses property documents: Apply to sub-registrar for title copies

Before you can do so, the bank must issue a non-traceable certificate, file an FIR, and publish a public notice in newspapers on your behalf

What to avoid in a will: Unequal shares, coercion, vague language

All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to pre-empt it

Long-short funds: Check if shorting aims to cut risk or boost returns

Invest only if you are clear about the fund's strategy, risks, and role in your portfolio

Investors filing tax using LRS route must disclose foreign assets, income

Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due

Understand the legal and financial implications before gifting property

A registered gift deed transfers property ownership permanently and cannot be revoked unilaterally, unless specifically stated-donors and donees must plan with caution

Flat booking cancellation and refund: Evaluate finances, do due diligence

Homebuyers should understand RERA-based cancellation and refund rules before entering into a builder agreement, especially regarding earnest money and default timelines

Buying a home? Consider co-ownership, check well-connected suburbs

Prepay other loans and get a co-applicant to improve loan amount eligibility

Filing your income tax return? Here are some major mistakes to avoid

Filing errors can result in tax notices, interest and penalty charges, not to mention delays in getting your refund

Blend core SIP strategy with dip-buying for tactical market gains

Seasoned investors, who understand the context of a downturn, are more likely to benefit from dip-buying than those who act impulsively or without a disciplined plan

SDL-based STRIPS: Use for duration matching, not for tactical gains

Invest for more than 12 months to enjoy favourable tax treatment

Assess true cost: Add up expense ratio of FoF and underlying funds

Understand the risks of the underlying funds and whether their strategies match your objectives

Filing ITR 2025? Key tax breaks senior citizens must not overlook

Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax

Beware if bank staff says insurance purchase mandatory for loan approval

Your guard should also go up if undue pressure is applied to purchase a policy immediately

Gold loans: Quick disbursal, low rates, flexible repayment options

Easy access should not lead to overleveraging; beware that deferred repayment can increase interest burden

Buyers risk losing legal remedies without registered agreement for sale

Legal experts emphasise that registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests

Is your health policy Covid-ready? Key features you must look for

Check if your health insurance covers home care, tele-consultations, PPE kits, room rent waiver and has sufficient sum insured to deal with Covid-related hospitalisation costs

Section 54F exemption: Observe timelines for selling asset, buying another

Recent judgement emphasises that co-ownership of multiple floors in the same building does not disqualify taxpayer for this exemption under Section 54F

Start early, choose right ITR form: Tax guide for professionals

Professionals must select the correct ITR form and assess whether presumptive taxation or regular provisions suit their income, expenses and documentation requirements

Filing tax returns with wrong ITR form can invalidate and delay process

Resident individuals may use ITR-1 if their total income is within ₹50 lakh and comes from salary or pension