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Budget 2014

Budget 2014: Important amendments to remember (Part I)

The Union Budget 2014 announced a slew of reforms related to income tax. In this article, I have tried to highlight some major amendments that will impact the tax-payers directly. Amendments in Capital Gain Bonds The existing provision contained in section 54EC of the Income-tax Act provides that where the Capital Gains arises from the […]

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Budget 2014: Special Economic Zone woes come to an end

Expressing its commitment to help the special economic zones bounce back, the Modi government in its union budget 2014 has ensured to take proactive steps to make them instruments of economic growth, industrial production, export promotion and employment generation. To bring to pass this, the government will take crucial steps to operationalize SEZs and inject […]

Affordable Housing: RBI ushers ‘Acche Din’?

The maiden budget of Modi government opened a jackpot for realty and Infrastructure sector. With a mammoth budget of Rs 4,000 crore for affordable housing, the real estate fraternity along with the common man got a reason to celebrate. In addition to a slew of measures announced for the long-cherished dream of affordable housing, Reserve […]

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Budget 2014: Direct tax code breathed a new life

The maiden budget under the regime of Modi’s government, was a mere litmus test as big investors, corporates and stakeholders, expecting major economic reforms keep a watchful eye. The budget 2014-15, left the income tax rates unchanged, however it offered sops to small assesses, by increasing the threshold exemption limit from Rs 2 lakh to […]

Budget 2014: Incentives for REIT and InvITs

In a bid to offer a major boost to the infrastructure and real estate sector of the nation, Modi government’s maiden budget promised conducive tax regime for two crucial investment instruments- Infrastructure Investment Trusts and Real Estate Investment Trusts. Such a move is expected to rope in long-term funds from both domestic and foreign investors, […]

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