Modify tax structure for real estate industry

Source: The Hindu Business Line
Real estate industry is the second largest provider of employment after agriculture. We urge the Finance Minister to recognise this and accord the same consideration and treatment as other industries like software. Service tax should be reduced along with the modification of entire income tax structure for real estate industry. The real estate industry has matured significantly in the last few years. Hence, the Government should consider introduction of sectoral concepts such as rental housing, and real estate investment trusts (REITs) to allow housing more easy and affordable for common man along with raising more funds. Such developments proved their worth in number of other industries.
M.A. Vakil, CMD, Vakil Housing Development Corporation, Bangalore

Comments

  1. UnknownMarch 18, 2013 at 5:31 AM

    It is true that India real estate market is a safe bet and you will get good profit after investing.

    Buy Property in Delhi

    ReplyDelete

Post a Comment

Dear Reader, please comment & your comment will be really appreciating & encouragement to write such articles.

Popular posts from this blog

Sharing INFORMATION: Annual Pune Municipal Tax (property tax) on properties under Pune Jurisdiction, Maharashtra, India.

Greetings...... Wish to share general important information regarding Annual Pune Municipal Tax on properties which comes under Pune Jurisdiction to be paid every year and the bill is generated on every March month and delivered in hard paper bill also to your property address letter box however this receiving bill is not reliable as sometimes not delivered or misplaced by the government postal department.  Fortunately, you can find the same bill by visiting pune municipal corporation website:  www.punecorporation.org   and  www.propertytax.punecorporation.org  (the site is self explanatory) you just need your Consumer/property Number to track it. which will be in a format of eg. O/1/20/0123456 (this is just an example so pls fill your property no. on it) Again this property bill comes once in a year and last date without fine/interest  is 31st may of every year. if you miss to pay for previous years property tax bill then new bill will be the cumulative of all dues.
READ FULL ARTICLE »

Find your property documents/Index2 Online in all Major Cities of Maharashtra including PUNE & MUMBAI.

Image
How to get online latest Property ownership documents & Index 2 & registered documents in all major cities of Maharashtra including PUNE & MUMBAI. Dear Readers,  Again i am back to share very important information which will be useful to not only existing property owners but also for those looking to purchase property in MAHARASHTRA state which is having cities of india's iconic business hub MUMBAI and IT hub PUNE along with many other important cities. this all is possible, thanks to centralize digitization of all property transactions in Maharashtra which also helped to stop any cheating / fraud and brought immense transparency.  What are major property ownership documents: 1) Purchase agreement called sale agreement, sale deed in Maharashtra.  it's a document which has been prepared by lawyer mentioning all clauses with terms & conditions agreed between the buyer & seller, it's normally having many pages and also photos of both buyer and seller are pa
READ FULL ARTICLE »