Latest Realty News

City-industrialists-want-e-commerce-portal-for-land-deals-
Nov 20, 2015
KOLKATA: City industrialists are pushing the West Bengal government to come up with an e-commerce site that would allow entrepreneurs to buy and sell land parcels. The portal will not only bring in transparency in land deals, but also encourage industrialists to monetise land tracts of factories which have downed shutters.
Real-estate-developers-eye-tax-relief-on-deemed-rental-income-
Nov 07, 2015
NEW DELHI: The developers' concerns over the tax provision wherein they are required to pay tax on deemed rental income on unsold apartments may be addressed in the coming Budget.
Tirupur Corporation to increase tax collection
Mar 27, 2014
TIRUPUR: Chairman of Taxation and Finance Standing Committee in Tirupur Corporation R. Chandrasekar presented the budget for 2014-15 financial year with fiscal deficit projected at Rs. 17.39 crore.
Wipro and Bangalore civic body row may land in court
Nov 29, 2013
BANGALORE: The dispute between Wipro and Bangalore city authorities has erupted again with both planning to approach the courts over property tax that the city's civic body claims the technology services company owes it.
Part I: Tax-related aspects of buying and selling real estate
Nov 23, 2013
DELHI: Purchase of residential property is one of the most important and long-term decisions and there are several tax aspects. Here are answers to some Frequently Asked Questions (FAQs) on various tax related aspects of property transactions.
Part II: Tax-related aspects of buying and selling real estate
Nov 23, 2013
DELHI: I am planning to buy a house by raising loans from friends and relatives. Will I be eligible for tax benefit from all sources? Interest payment to friends and relatives can be claimed u/s 24 but only against a certificate received from them. In the absence of the certificate, you would not be eligible for the deduction. The recipient of interest income who issues the certificate is liable to pay tax on the interest income that he receives. As far as the principal payments are concerned
Part II: Basics about Mortgage of Immovable Property
Nov 20, 2013
DELHI: While all of us have heard about mortgage, little is known to a common about it and its implications. Chapter IV of the Transfer of Property Act, 1882, defines various types of mortgages, rights and liabilities of mortgagor and mortgagee, its redemption and charges etc.
Part 1: Basics about mortgage of immovable property
Nov 20, 2013
DELHI: While all of us have heard about mortgage, little is known to a common man about it and its implications. Chapter IV of the Transfer of Property Act, 1882, defines various types of mortgages, rights and liabilities of mortgagor and mortgagee, its redemption and charges etc. There are at least six main mortgage types.
Part II: De-mystifying capital gains
Nov 13, 2013
DELHI: Just as buying real estate is a big decision for investors, so is selling. The profits that one makes in real estate may seem lucrative, however, it brings along liabilities in the form of taxes. Since many end-up paying a large amount as taxes on property selling, a sound knowledge of capital gains and ways to save taxes may help buyers.
Flat sale in the VAT net
Nov 06, 2013
MUMBAI: Recently, in the case of Larsen & Toubro, the Larger Bench ruled that Value Added Tax (VAT) would apply on “under-construction property”, and upheld two earlier decisions from the Supreme Court and the Bombay High Court.
Developers will have to pay 5% VAT, rules Supreme Court
Sep 27, 2013
MUMBAI: In a major setback to realty developers , the Supreme Court has upheld the earlier Bombay High Court verdict that asked builders to pay 5% value-added tax for sale of underconstruction houses between 2006 and 2010 in Maharashtra.
Realtors call for urgent implementation of REITs
Aug 25, 2013
MUMBAI: With investor sentiment waning and the rupee plunging to new lows everyday, there is an urgent need for implementing the real estate investment trusts (REITs) to ensure more liquidity in the sector, say experts.
BJP-JD(U) split hits sentiment in realty sector in Bihar
Jun 18, 2013
PATNA: The Sunday split in NDA hit the market sentiments, particularly in the real estate sector. But, the prices of available unoccupied flats in multistoreyed apartments in Patna and other cities are not expected to plummet.

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