House rents to go high!
The 2012-2013 budget for the real estate might pave way for increase in house rentals.
The tenants who are paying monthly rental of more than Rs 1 lakh will come under the service net.
This budget plan is all well and good according to the real estate players as they believe that a person who can pay Rs 1 lakh rent can therefore pay add on service tax.
However, the ministry might bring in either negative or positive lists on the tax services.
Whatever is the final budget announcement, the rent payers will be burdened with heavy taxes!
To discuss more on this topic, Click Here
Source: Business Standard
2012-2013 budget, Add on service tax, Budget plan, Final budget announcement, Heavy taxes, House rentals, Ministry, Monthly rental, Negative or positive lists on tax services., Real estate players, Realty News, Service net, Tenants
Very neatly written story! Keep up the writing style and the info is also good!