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Value added tax

What Budget 2015-16 Should Do For Home Buyers

Real estate stakeholders in every Indian city are looking forward to the upcoming financial budget 2015 to see whether it will provide any relief to the sector. Developers have their own expectations, because positive announcements for real estate buyers made during the budget will help increase the market sentiment, and therefore sales. The general hope […]

nikunj.j

Property

Effect of GST on Real Estate

One of the key expectations under the new central government and upcoming Union Budget is the elimination of several unnecessary taxes by the implementation of the Goods and Services Tax (GST). With the union budget fast approaching, the expectations are higher for its implementation. What does implementation of the GST mean to the country’s realty […]

karthik.k

Ready Reckoner Rates Increase by 5-10% in Pune

The Maharashtra government increased the ready reckoner (RR) rates by 10-15 per cent in the entire state in December last year. As a result, the RR rates in Pune and Pimpri Chinchwad have gone up by about 5-10 per cent. Increased RR rates in Pune The RR rates were announced on the basis of different […]

karthik.k

Maharashtra VAT on property

VAT (value added tax) is a form of consumption tax.  In a buyer’s perspective; VAT is the tax on the purchase price and for a seller; VAT is the tax only on the value added to a product, material, from an accounting point of view, by this stage of its manufacture and distribution. The 2011 budget […]

CommonFloor Editorial Team

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