Institute of chartered accountants of India to hold conference on real estate income tax and service tax provisions
Feb 28, 2014
Source : The Times of India

 

INDORE: The Institute of chartered accountants of India is organising a one day conference here on March 1.

Indore CA branch chairman, Manoj P Gupta, said that various provisions relating to service tax, income tax which are applicable to real estate business would be discussed in the conference by the eminent chartered accountants of Mumbai, Bangalore and New Delhi.

Tarun Ghiya from Mumbai, Madhukar Hiregange from Banglore, Amarjeet Chopra from New Delhi and Chetan Dalal from Mumbai will express their views on real estate taxation in the conference.

Media in-charge Rajesh Mehta told that the special guest of the programme will be— BL Jain, vice chairman, state planning commission, and the conference will be addressed by ICAI New Delhi, vice president, Manoj Fadnis. Chartered accountants of Indore, Madhya Pradesh, Chattisgarh, Rajasthan will participate in the conference.

Talking to ToI, Mehta said, "Suppose a realtor sells off his property at a price, less than that of the guideline rates, then the government will be charging tax at the rate of 30% on the balance amount".

It is why the CA branch wants to create an awareness among the assesses on the crucial point, said the spokesman.

 

Latest Realty News

Tracking the growth of Gwalior
Feb 22, 2014
GWALIOR: Gwalior is a true example of how small cities can grow into big towns by bringing nearby villages to life. Planned development coupled with strategic growth has led to an inclusion of more than 20 new villages in Gwalior. While interacting with Magicbricks, the mayor of the city, Samiksha Gupta spoke on the infrastructural plans of the city.
Hike in property rates with cushion
Feb 08, 2014
BHOPAL: Hike in property rates in next fiscal is not likely to burn a hole in pocket of citizens. MLA Vishwas Sarang opposed rate hike in various areas of the district, saying that there is no logic behind the same and members of the district evaluation committee should take into account realty surveys done by National Housing Bank and Housing Start-up Index (HSUI).
I-T raids on 2 realty companies 40 premises in MP, Chhattisgarh
Feb 06, 2014
BHOPAL/INDORE: Income Tax (I-T) team on Wednesday conducted raids on 40 premises of two Bhopal-based real estate companies in a case of unaccounted investment in Madhya Pradesh and Chhattisgarh.
Indore real estate ideal for short, long term investments
Jan 31, 2014
INDORE: Indore market has been one of the major upcoming real estate markets in India for the last 12-18 months. With IT majors such as TCS, Infosys etc. making presence around the Super Corridor, the IT sector is becoming one of the biggest growth drivers for the real estate in the city in 2014. This is particularly for localities around the Super Corridor which are becoming a hub for real estate development.
Indore realtors flay new real estate law
Dec 06, 2013
INDORE: Realtors want some amendments in the Real Estate Regulation Act (RERA). Though the Act was being introduced by the government on the demand of the industry itself, they believe that the Act, if implemented in its present form, will not serve the purpose on several counts.
IDA to build software park, RTO building
Sep 13, 2013
NDORE: Construction of proposed Software Technology Park at Pardeshipura and new office building of RTO at Bypass will begin soon. Indore Development Authority (IDA) board on Thursday has awarded the contract for the project to a company.
Gurgaon land use: Cong MP targets Hooda Govt
Aug 17, 2013
CHANDINARH: In a fresh embarrassment to Congress, party MP Rao Inderjit Singh today alleged that the Haryana government had changed the draft and master plans of Gurgaon to benefit certain builders, a charge rejected by the state government.
CII: Emerging investment hotspots
Jun 25, 2013
DELHI: India has its own unique and integral complexities and business is not an exception to it. Corporations strive for increased efficiency and productivity amidst these complexities. Real estate is an integral ingredient in the formation and growth of all businesses and steadily maturing into a big business itself.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Bangkok cheapest office location in Asia; Hong Kong most expensive
Jun 25, 2013
BANGKOK:Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday.

Latest Realty News Of State

Realty Talk's