real estate trend in Mumbai
No service tax on maintenance charges for Mumbai Housing Societies
After a long period of uncertainty, a tax tribunal has ruled that all housing societies located in Mumbai do not need to pay service tax on any maintenance charges. Housing societies have been arguing in the past that since they provided services to itself (Concept of mutuality) which could not be subject to service tax […]
Maharashtra government to reconsider proposed TDR policy
The Maharashtra state government has decided to put the proposed uniform Transfer of Development Right (TDR) policy draft on hold and will issue a revised one shortly. Housing minister Prakash Mehta has said that the government will re-look the draft of the revised TDR policy. The proposed TDR policy had unnerved Mumbai’s builders because it […]
