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Government notifies Council for Goods and Service Tax
Source: The Economic Times Sep 17, 2016
Government has formally notified the GST Council, which will decide on the tax rate, exempted goods and the threshold under the new taxation regime. ... more
TAXING REALTY - SECTOR FACES GST BUMP
Source: The Times of India Aug 06, 2016
A single indirect tax, encompassing all goods and services, will go a long way in ushering in transparency, efficiency, and competency in the business environment of the country. ... more
New regime to cement real estate sector, benefit buyers
Source: Business Standard Aug 05, 2016
A single consolidated tax, freeing the real estate sector from 16 major taxes and levies, has the real estate sector pumped. ... more
Liability law should not concern anyone: S K Sharma
Source: Business Standard Jul 13, 2016
India’s nuclear capacity will be increased to 12,980 (megawatt) Mw from 5,780 Mw by 2023, based on current projects launched. The existing sites being developed have the potential to launch about 32,000 Mw, through indigenous and foreign reactors. In an exclusive interview to Sanjay Jog, the Nuclear Power Corporation of India’s (NPCIL) newly-appointed chairman and managing director S K Sharma explains the growth strategy. Edited excerpts: ... more
ZERO - TAX Property helps in tax planning
Source: The Times of India Jul 02, 2016
Given the tax benefits and high capital value appreciation a property yields, it makes for a lucrative investment ... more
Property investments help in tax planning
Source: The Times of India Jul 02, 2016
The tax benefits and high capital gains a property investment brings make it a good option. ... more
Real Estate: Invest in home and save tax
Source: The Financial Express Apr 29, 2016
Every Indian desires owning a home. It is triggered by not only the capital appreciation expected in the years to come and the steady rental income, but also the satisfaction that comes with owning a house. ... more
Let second home help you save on tax
Source: The Times of India Apr 01, 2016
The gold fetish of Indian folks is popular all over the globe. From passing on kilogram’s of gold to daughters in wedding to bestowing gold on gods and donating in temples, people just think gold. No wonder India was once called a golden sparrow. ... more
Cut in home loan rates expected soon
Source: The Times of India Mar 30, 2016
A cut in the key interest rates seems set to happen sooner than expected. There are various factors pointing to it. The various initiatives launched by the government over the last couple of years, supported by global factors, have led to the inflation rate coming down and maintaining at acceptable levels. ... more
Column: Reckoning with inequality
Source: The Financial Express Mar 29, 2016
When it comes to the rise in economic inequality since the 1970's in the United States and some other advanced economies, it doesn’t really matter which measure of income distribution we choose: They all show the increase. And, while many competing explanations have been proposed, we do not need to agree about causes to concur on sensible policies to address the problem. There are many ways to measure inequality. Each can tell us something different. Many Asian countries’ recent economic success has reduced inequality by some measures (for example, a big fall in the poverty rate), but not by others (the high-low range has increased). In the US, however, all measures of inequality have pointed in the same direction since the turn of the century, reflecting the fact that the benefits of economic growth have gone almost exclusively to those at the top. The share of income received by the top 0.5% has reached 14%, where it was in the 1920's. Normally, one would think that diagnosing the cause of such a fundamental shift would be a necessary step in prescribing a cure. In that case, one might be discouraged by the over-abundance of plausible explanations that have been offered and the difficulty in choosing among them. ... more
Rising cost of land a major roadblock in national highway expansion
Source: The Economic Times Mar 29, 2016
Land acquisition cost for national highway projects has shot up sharply in the current financial year on account of the new land acquisition law that came into force in 2015, dealing a blow to the government's ambitious plan to crisscross the country with top quality roads. The government paid Rs 1.35 crore per hectare in 2014-15, which has gone up 65% to Rs 2.22 crore per hectare in the current financial year. ... more
Taxable income from property
Source: The Times of India Mar 17, 2016
Income from a property is taxable only when the property is either used or capable of being used for renting out in case an individual or Hindu Undivided Family. ... more
PES may pump in more money in real estate
Source: The Times of India Jan 14, 2016
Real estate companies are expected to raise more money from private equity funds in 2016, after the government simplified foreign direct investment norms for the sector last year. Experts say PE investments in real estate could even surpass the $4.8-billion fund infusion seen in 2015. With the way PE investments are structured, the money is set to be invested in selected cities and projects. ... more
Why is it important to pay property tax on time?
Source: The Times of India Jan 14, 2016
Property tax, the levy on property imposed by the municipal corporation is payable every year. Though it is taken seriously by most of home owners, but not by all. Some of us may have not paid it for several years, while some are ignorant enough to miss the deadline of payment every year. Have you wondered why it is important to pay your property tax? Magicbricks's got the answer for you. ... more
Ready reckoner rates continue to hang in a limbo
Source: The Times of India Jan 13, 2016
As a home-buyer, what would you do if the government's monetary understanding of the property that you want to buy is different than its actual market price? Will you pay extra in the form of stamp duty and registration? As a developer, what are the options with you if the policies force you to ask the home-buyer to pay for higher registration and stamp duty than the price at which you can sell to see your inventory getting absorbed? ... more
State starts direct bank transfer for land acquisition
Source: The Times of India Jan 05, 2016
In a bid to ensure transparency and check corruption in the urban development authority, the state government has decided to credit compensation directly in bank accounts of landowners when their property is acquired by Huda. Earlier, payments were done either by cheque or demand draft and landowners had to visit Huda offices umpteen times and grease the palms of officials to get payment. ... more
State starts direct bank transfer for land acquisition
Source: The Times of India Jan 05, 2016
In a bid to ensure transparency and check corruption in the urban development authority, the state government has decided to credit compensation directly in bank accounts of landowners when their property is acquired by Huda. Earlier, payments were done either by cheque or demand draft and landowners had to visit Huda offices umpteen times and grease the palms of officials to get payment. ... more
Don't apply new law to ongoing projects
Source: The Times of India Dec 15, 2015
Even as realtors welcome Real Estate (Regulation and Development) Bill, 2015, they are expressing concerns over provisions regarding registration of ongoing projects and cancellation of registered projects by the regulator. The bill will be presented in Parliament during the ongoing winter session. ... more
Govt mulls charging land premium on mergers
Source: The Times of India Dec 09, 2015
State revenue department has proposed a policy where companies, which took government land for their projects, will have to pay a hefty premium if they opt for merger, de-merger, amalgamation or acquisition. The revenue department has proposed charging premium ranging from 50% to 100% of the prevalent market value of total assets of such companies. ... more
All central govt babus to file property returns twice for this year: DoPT
Source: Zee News Feb 18, 2015
All central government officials will have to file details of their assets and liabilities twice this year in the wake of implementation of the Lokpal Act. The first return under the Lokpal and Lokayuktas Act as on August 1, 2014 should be filed on or before April 30 this year, an order issued by the Department of Personnel and Training (DoPT) said. ... more
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