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

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