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Income-tax Act

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Budget 2014:Govt plans big changes in 2 Realty Bills

Two bills that would impact the country’s real estate are the Real Estate Regulatory Bill and the Land Acquisition Act. While both bills had been put forward during the previous government, the present government plans to make a few key changes in order to speed up important projects and give a boost to real estate. […]

Long term capital gain 2

Saving Income Tax during Financial Year 2014-2015 on Property Gains through Cost Inflation Index

It is really possible to save substantial amount of Income-tax on your long-term capital gains arising out of selling your immovable property if you take advantage of the Cost Inflation Index concept which, however, is applicable only in respect of long-term capital gains. Only when you hold your property for more than 36 months and […]

Budget 2014: Suggested Amendments in the Real Estate Sector

Real Estate Sector happens to be one of the very important sectors for the overall prosperity, employment etc. in the country. Moreover, a new Government has taken a very pragmatic view of providing housing to all may be in the next eight to ten years. Under this situation it is very important that the new […]

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Budget 2014-15: Expectations by Individual Tax Payers

With just a day left for the Union Budget, individual tax payers are expecting some great relief. Here are some of the important suggestions which we would like the Finance Minister to consider while presenting his maiden budget, specially keeping in view the expectations of the individual tax payers :- All taxes except income-tax should […]

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TDS- An important aspect for NRIs

Being an NRI and having the potential to invest in properties, is the perfect spot to be in India. For those NRIs, who look forward to sell their investments made some time back in India, the degree of advantage is a notch higher for them. As per reports, major Indian metros have registered a 20-30 […]

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