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Jun 06, 2015
In a bid to arrest hoarding of residential flats by developers and increase supply across the country, the income-tax department has decided to tax realtors on estimated annual rentals. The tax could be anywhere between 15% and 20%. The move is as per the central action plan for 2015-16, under which the I-T department can levy tax on any unsold flat by treating it as 'income from house property' under Section 43-CA of the I-T Act, 1961.
Bubble in the making?
Jun 29, 2013
DELHI: If you travel on the road to Noida and Greater Noida, you will find a large number of banners and hoardings of new residential real estate projects on both sides of the road. The moment you get close to construction sites, salesmen of property dealers descend on you like a horde of bees. Start talking to them and you will be offered discounts of up to 9 per cent on the published price straightaway. Most developers have thrown in freebies like free parking bay and club memberships. It is a

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