Latest Answer: Yes, for your knowledge i would like to tell you that currently, DDT is applicable at 15% on special purpose vehicles owning the assets and is seen as a huge interruption to the introduction of REIT investments, essentially making them less attractive.
Q:The Union government may consider removing stamp duty on transfer of properties by private individuals and firms to real estate investment trusts that are expected to get listed on stock market beginning April next year.
Latest Answer: DLF has also announced plans to start 2 Reits, with one exclusively for commercial office space by end of this financial year. The company has made public plans to monetise about 30 million sq-ft office and retail space.
Q:Do you think that budget reforms can boost the realty market? What are the initiative that government should take? Your opinion is highly appreciable.
Latest Answer: Hi Everybody,
Let's finger crossed and hope for the best for all sector. Primarily, the Budget will see the government's important projects, including the Smart Cities project, getting much support, including upcoming special economic zones to see reduced alternate tax and dividend distribution taxes. The government may also rationalize duties and set the differential MAT rate at (5-10)%. The government is also expected to give incentives to banks that are losing money over zero-account bank schemes.
Latest Answer: Hi Harmeet,
They are taking the measures into account for adjusting in taxes like minimum alternate tax (MAT) and dividend distribution tax (DDT), taxes that have actually reduced attraction of these zones may help to boost exports.