RENT AGREEMENT SECURITY DEPOSIT
Entrepreneur compares Bengaluru to San Francisco, says it's mega cheap except rental deposits
Indian-origin entrepreneur Hardeep Gambhir, who moved to Bengaluru after seven years in San Francisco, praises the city for its SF-like experience, startup ecosystem, and affordability, though he criticizes its high rental deposits.
10 most important clauses in a rent agreement
The amount of security deposit varies from city to city. In big cities, the amount is higher than in smaller cities. Even though the deposit is refundable, disputes often arise regarding getting it back. The rental agreement should clearly state that the landlord must refund the security deposit when the rental agreement ends. If you pay a security deposit, you can request a separate receipt with details like the check number, date, and the landlord's signature.
Sanjiv Bhasin picks 3 sectors that may outperform in near term
The overall benign environment remains that you have to be a little neutral over here. I think technology, pharma and FMCG -- those are the favoured sector on seasonality, on US cues, and on local demographics.
Bank locker charges 2024: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB
A safe deposit box is a personal vault offered to the banks’ customers to keep their valuables and belongings safe. Depending on the size of the locker, there is a fee associated with it.
Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money
Fraud by bank employees: Many reports of bank employees defrauding customers of the bank. These are the cases where the bank and its customers both are the victims of fraud by the employee(s). In a recent judgement by the SC, it was said that banks would be held liable for criminal misconduct by its employees.
Spending at ease in retirement: Follow these 5 rules to grow your savings at all times
The fear that the retirement corpus will not be enough comes primarily from it being small. It is also stoked by how the corpus is invested. The conservative mistake of earning years is repeated in retirement. The money is invested in debt products and income earning assets. Many retirees believe that equity investing will put their lifetime savings at risk.
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Do international employees still have to make EPF contributions after Karnataka High Court ruling?
Karnataka High Court's April 25, 2024 ruling deemed special provisions for International Workers under EPF Scheme unconstitutional, affecting EPF contributions, retirement age eligibility, and equality before law for these workers.
Indian national pleads guilty to attacking White House with rented truck
A 20-year-old Indian national living in the US as a permanent resident pleaded guilty to attacking the White House with a rented truck, intending to replace the democratic government with dictatorship. He planned the attack for weeks before crashing into barriers and brandishing a Nazi Swastika banner. He faces sentencing on August 23.
Sleepy far-flung towns in the Philippines will host US forces returning to counter China threats
The remote coastal town of Santa Ana in the Philippines is gaining strategic importance as a potential site for U.S. military encampment under the Enhanced Defense Cooperation Agreement. This agreement comes amid escalating tensions between the U.S. and China, with the Philippines seeking a counterbalance to Chinese military assertiveness in the South China Sea. While some locals express concerns about living near U.S. forces, others see economic benefits and enhanced security. The town's tourism potential is also expected to grow. Authorities are preparing for potential refugee influxes in case of regional conflicts.
EPFO to challenge HC ruling against inclusion of foreign workers under its ambit
In a recent judgement, the high court termed the EPF scheme provisions covering 'international workers' unconstitutional if international workers earning several lakhs are required to contribute to provident fund on their full salary, whereas the contribution is capped at Rs 15,000 for Indians working overseas.
SEBI directs finfluencer to deposit Rs 12 crore 'unlawful gains'
Ravindra Balu Bharti, a YouTuber and financial influencer, was running a firm called Ravindra Bharti Education Institute Pvt. Ltd. (RBEIPL), founded in 2016 by him and his wife. The company was primarily involved in imparting training related to stock market trading activities. He runs two YouTube channels — Bharti Share Market -Marathi, which has around 10.8 lakh subscribers and Bharti Share Market - Hindi, with 8.33 lakh subscribers.
HRA tax exemption: HRA fraud with illegal usage of PANs detected by tax dept; how to avail House Rent Allowance, proofs
HRA tax fraud: The investigation by the tax department began when authorities stumbled upon purported rent receipts totaling approximately Rs 1 crore under an individual's PAN. However, upon questioning, the individual disavowed any knowledge of these transactions. Subsequent inquiry revealed that the individual had not actually received the rent attributed to them.
Rent agreement clauses that landlord, tenant should add to avoid fights in future
Rent agreement clauses for landlord, tenant: It can happen that the landlord and tenant are unable to add all the clauses to protect their interests in the lease agreement. However, there are certain clauses that should be added in the rent agreement to avoid future disputes. These clauses will help both landlord and tenant as well as protecting their respective interests.
What is the TDS rate for salary, dividend, interest, house rent, cash withdrawal and other transactions for FY 2024-25
Tax Deducted At Source (TDS): TDS is levied on many types of incomes like salary, house rent, virtual digital assets (VDA), etc. What is important to note here is that a correct amount of TDS should be deducted and TDS return (if applicable) is filed in time. Read here to know some TDS rates for FY 2024-25.
HC tells Oppo, two others to deposit amount owed to InterDigital as royalty
The order came on the two suits filed by the US technology research and development firm seeking enforcement of patent rights involving five standard essential patents (SEPs) that relate to wireless communication technology standards by InterDigital Technology Corporation and its associated companies (InterDigital) against Oppo, OnePlus Technology, and Realme Mobile Telecommunication.
Oppo, Nokia resolve global patent dispute with cross-license agreement
The Finnish tech company owns over 6000 patent families declared essential to 5G connectivity in smartphones. Out of them, 30 patents covering a mix of cellular standards, connectivity, user interface and security, were the bone of contention in the licensing disputes. Nokia licenses these patents to smartphone brands on fair, reasonable, and non-discriminatory (FRAND) terms.
Jio Financial Services launches rental services for laptops, phones, airfiber and other tech devices
Jio Financial Services is introducing Device as a Service (DaaS) as a corporate financing model, allowing companies to lease devices instead of buying them to enhance cash flow and IT fleet management. The company, a carve-out from Reliance Industries, aims to create a new market model for consumer devices by offering finance and operating leases for assets like airfiber, phones, and laptops.
Will your bank locker get frozen if you don’t sign revised agreement by December 31?
The RBI had asked banks to assist their clients in the execution of fresh/supplementary stamped agreements with their customers by taking measures
Soon, you could register your property, will, or rent agreement in any registrar office in Delhi
The Delhi government has unveiled the "Anywhere Registration" scheme, eliminating jurisdictional boundaries across 22 sub-registrar offices. Citizens can choose any office for document registration, addressing long queues and varying demand issues. Nearly 2,000 documents across 28 categories are registered daily. Residents can upload the documents online and seek appointments through new National Generic Document Registration System.
Rent agreements must have these clauses to protect landlord's rights
To avoid facing a situation of errant tenant, it is important for a landlord to mention these clauses in the rent agreement. These clauses will help to have his/her rights on the ownership of property protected. Along with this, these clauses in lease agreement helps a landlord in ensuring to define responsibility and obligation of both landlord and tenants.
Tenants must get these clauses added in rent agreement to avoid being cheated
"While tenants do not have much bargaining power to negotiate rent agreements, there are some significant clauses they must check or add to the agreement to protect their interests," said Nitin Jain, Partner of Agama Law Associates. Here is a look at some of these clauses.
International students in the UK struggle to find housing as rents soar
The housing situation is worsened by soaring rental prices, with less than 10% of available beds being within reach of students relying on loans and grants. The National Union of Students is advocating for rent controls for students, while universities are urging students to seek assistance from their accommodation teams.
Listing of 4 BHK flat in Bengaluru with Rs 2.5 lakh rent, Rs 25 lakh deposit goes viral
A Bengaluru man has shared a listing on Twitter of a 4 BHK flat with a rent of Rs 2.5 lakh and a Rs 25 lakh deposit in the HSR layout area of the city. The listing had an "Apply Loan" link besides the deposit column.
PNB issues revised locker agreement; asks customers to execute latest agreement
Incorporating customer rights, Punjab National Bank has released a new/supplemental locker agreement. It has requested its locker-holder customers to get in touch with their locker-holding branch.
Rents are going through the roof in Bengaluru as fight for flats intensifies
Rents in various neighbourhoods of Bengaluru have increased by double digits since 2019, in line with a broader trend across India's major cities. Prospective tenants in Bengaluru are also grappling with high deposit requirements of 10–12 months as well as sharing professional backgrounds, adding to the burden for those relocating to the city.
Rents double in India’s Silicon Valley Bengaluru as engineers fight for flats
Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial center Mumbai, according to data from market researchers.
Should you buy or rent your furniture? Here is a cost comparison
Can’t be bothered to lug around belongings every time you move? You could rent furniture and appliances, but don’t overlook the hidden costs.
Co-living space vs renting a flat: Lease period, security deposit, rent comparison
Young professionals are opting for co-living as it offers more amenities at rents similar to 1-BHK flat.
New bank deposit locker agreement rules: 5 things to know
The bank will not be liable for any damage or loss of locker contents caused by natural calamities like earthquakes, floods, lightning, or thunderstorms, or due to customer’s negligence.
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