Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka and Uttar Pradesh, including people linked to the Samajwadi Party.
However, leave and licence deals registered with the department of stamps and registration shot up during the period, official data showed.
The Reserve Bank of India has brought about many new directives and guidelines in order to curb speculation in the property market as the sector stands poised for a revival post recession recovery.
Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
The year 2018 is likely to be steady in terms of institutional investment into real estate
"Some facts were not taken into account by the probe committee of Principal Secretary (Stamp and Registration Department) Himanshu Kumar and the government is looking into them," Rajneesh Dubey, Principal Secretary, Medical Education, told mediapersons in Lucknow.
Karl Edward Rice visited most of India to capture its beauty and contribute to the promotion of tourism here.
Defence ministry tells Mumbai collector to register property only after its approval.
Pakistan's election commission has expressed its inability to hold general elections within three months due to legal, constitutional and logistical challenges, according to a media report on Tuesday.
Reserve Bank of India has taken a slew of measures to make life difficult for real estate developers.
The Uttar Pradesh police on Thursday claimed to have found the culprits behind the bomb attack on Institutional Finance Minister (stamps and registration) Nand Gopal Nandi.The police claimed that the attack was planned by jailed Samajwadi Party leader Dilip Misra (block pramukh of Chaka). Nandi and seven others were seriously injured in a blast outside his Allahabad residence that claimed one life.
Samajwadi Party president Mulayam Singh Yadav on Tuesday pointedly accused Uttar Pradesh Chief Minister Mayawati of hounding his party MLA Vijay Misra, prime accused in the life attempt on UP Registration and Stamps Minister Nand Gopal Gupta Nandi in Allahabad three month ago.
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
Keep additional cash to meet costs such as brokerage fee, society charges and parking fees.
The Uttar Pradesh police have refused to divulge details about their investigation into the bomb attack on the state's Institutional Finance (stamps and registration) Minister Nand Gopal Nandi, in which one person was killed and many others injured.Sleuths of the Anti-Terrorism Squad and Special Task Force have failed to make any headway in the case.
UP Stamps and Registrations Minister Nand Gopal Gupta 'Nandi' and seven other people were injured in a bomb blast outside his residence in Allahabad on Monday. One of the injured victims later succumbed to his injuries.The blast took place in the Mutthiiganj locality of Allahabad at 11.45 am after Nandi stepped out of his residence to visit a nearby temple.Three government employees and Indian Express journalist Vijay Pratap Singh were seriously injured in the blast.
Individual should be extra careful when taking money from parents or relatives to buy a property
Addressing a press conference in Lucknow, she said: "The July 12 blast was carried out to target my minister, Nand Gopal Nandi, whose popularity had become an eye sore for the entire Opposition, whom he left far behind at the 2007 state assembly election."
Your high expectations and attachment to certain property can make you buy property which is not financially suitable.
Housing finance companies step in to provide loan to customers turned away by banks.
Eleven fresh cases of stamp duty evasion have been registered by the Uttarakhand government against Ramdev's Patanjali Yogpeeth Trust, spelling more trouble for the yoga guru.
A month after the BJP-led government in Maharashtra announced allotment of a prime piece of land in Mumbai to actress and MP Hema Malini for a dance academy, an RTI activist has claimed the plot valued in crores is being given to her for a mere Rs 70,000.
It may be recalled that the Gujarat government had introduced Prohibition of Transfer of Immovable Property and Provision for Protection of Tenants from Eviction from Premises in Disturbed Areas Act, Gujarat in 1991 after the communal riots to prevent distress property deals between members of different communities and ghettoisation. The Act had around 20 police stations under its jurisdiction in Ahmedabad.
A move by the Kerala state government to set up a Smart City at Kochi has triggered off a fresh rally in real estate prices in the central districts of Kerala, especially in and around Kochi.
Your bank shocks you by revising the interest rate on the home loan you had availed of a couple of years ago. And obviously you don't know what to do. Here's help.
Residential property prices in south Mumbai continue to soar.
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
NCP chief Sharad Pawar said that Malik is being troubled because he spoke against the Union government and 'misuse' of central probe agencies.
Besides making property more expensive, these also affect the existing owners with higher taxes
Deduction on home loan interest cannot be claimed when the house is under construction
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
All laws have been modified to omit the domicile clause for property rights in the valley. This effectively means that anyone with enough money to spend can now technically buy property there, writes Sai Manish.
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