Q:A new state government circular that ask to increase stamp duty revenue by changing the method of calculation of depreciation in respect to old buildings has caused a panic in the real estate industry.
Latest Answer: This method will create complication for valuation of property as well for computation of capital gain tax. In spite of the fact that the govt. may receive additional revenue at the beginning by way of an increase stamp duty. But it will dampen the number of transaction in the log run.
