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This helped formalize the rent-to-own model, whereby tenants can have a portion of their monthly rent payments accrue toward a down payment to eventually buy the home they’re renting. With the rent-to-own option now available to more tenants to buy a house or condo, many consumers ask: how does rent-to-own work?

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South Mumbai flat owner’s low rent quote is tax evasion’ – ITAT upheld the department’s view that it was an income tax reduction device and also the addition of income of Rs 2 lakh per month as rent from the flat. Jaikishan Vaswani, a non-resident, received.

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