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Budget

Budget 2015: FEMA Act to be Amended

Presenting the Union Budget 2015-16 on the floor of Parliament, the Finance Minister mentioned that there would be an amendment in Section 6 of FEMA (Foreign Exchange Management Act). 1999, through the Finance Bill. According to the proposal, the government would exercise control on capital flows as equity in consultation with the RBI. As per […]

ranjan.j

Property Tax

Cut multiple taxes to bring down property costs: Realty Experts

In an event held recently, realty professionals collectively stressed on the need for cutting down multiple taxes in real estate so as to bring down property costs. The event, organised by commonfloor.com in Bengaluru, saw active participation by stalwarts from real estate fraternity and research & consulting institutes. During the course of the Boardroom Discussion, […]

Budget 2015: “Major Impetus to Infrastructure”

Mehul Thakur – Director, Viva Homes “The Union Budget 2015-2016 has provided a major impetus to the Infrastructure sector. Extension of these benefits to the real estate sector, especially to the affordable housing segment would have helped achieve the goal of housing for all. Focus on implementation of GST by April 2016 and reduction in […]

nikunj.j

Budget 2015-16 is ‘growth-oriented’ : KPMG

Arvind Mahajan, Head of Infrastructure and Government services, KPMG, India Arun Jaitley’s first full Budget, was presented in a favourable context with India’s growth beginning to accelerate and fiscal deficit and inflation coming down. Mr. Jaitley’s “growth oriented” budget sets the Agenda for government to achieve 8% growth in FY16 and poised for over 10% p.a. […]

nikunj.j

Budget 2015: Capital gains regime for REITs

Investment Trusts such as REITs and InvITs will benefit with  the recent announcement in the budget.  This Budget has spelt good news for REITs by rationalising the capital gains regime for the sponsors while exiting the investment trust. Moreover, the rental income which is being generated through the assets owned by REITs and InvITs are […]

sannihith.tn

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