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Just sold a home? Here's what to do next

Selling one's home is never a very easy thing to do. Usually, the four walls one is putting on the market are the frame for many fond memories, and one needs to say goodbye to the neighbours and familiar sights that have often defined many years of residence.  But over and above the emotional upset of selling a home, not keeping a record of the actual sale transaction can lead to problems later on.    Maintain a file of all documents pertaining to the property sale. This will ensure that you are able to address all future queries by the buyer, the bank involved and the municipal or tax authorities. Also read: Why Land Bill is giving sleepless nights to developers  You will especially need a seamless financial record while filing your tax returns for the year of sale. The documents should include proof and receipts of payment for items that you had included in the sale price, including parking space, structural modifications or additions which enhanced the value of the property,