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service tax

What Realty Market really needs from Modi-fied Govt

Despite being just next to agriculture in terms of employment generation and contribution to the GDP, year after year, the sector’s hope of getting a status at par with industry is quashed by the government. But with Abki Baar Modi Sarkaar, even the real estate sector is looking forward to the ‘good days ahead of […]

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ABCD of Wealth Tax

You might be surprised about listening to the terminology of wealth-tax. Most of us by now are fully conversant with the theme of income-tax and really we understand that if we make money, then we are required to start parting with a portion of the money by way of income-tax payment. But surely payment of […]

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Service tax on luxury houses increased

The real estate in India is at a crucial phase at present. While the real estate has been growing at a hurricane pace in the last decade or so, recent slump has put clouds of doubts hovering over the high rises of India. Sales have been dropping and the contribution of real estate to the […]

Service Tax & VAT on under-construction property

Buying a property can be a tedious job and more so if one is not really familiar with the various costs he has to pay for his home. Service tax and VAT are just one of the many costs which a buyer has to pay in order to own his dream home. Service Tax rate […]

Union Budget 2012 Impact on Real Estate in India

The much awaited budget of 2012-13 which was recently presented by the Honorable Finance Minister had no drastic changes for the Real Estate sector as compared to the previous year’s budget. As expected, the personal income tax slab has been hiked and 1% interest subvention scheme continues for an affordable housing in India. According to […]

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