Arun Jaitley
A government official stated that the government is still in dilemma on whether the much controversial general anti-avoidance tax law or GAAR should be started as scheduled and whether they have enough time to review it. Shaktikanta Das, the revenue secretary said during a post budget interaction along with an industrial body CII that, in [...] Continue Reading »
The government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled or not. They have enough time to review that, and should look into all the aspects before taking the final call. The Revenue Secretary Shaktikanta Das mentioned in a post-Budget interaction with industry body CII (Confederation [...] Continue Reading »
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
The land acquisition act was constantly under pressure ever since it was launched and most of the state governments have sought a relook at UPA’s Land Acquisition Rehabilitation and Resettlement Act, 2013. By early as the next fortnight, the Centre is going to convening an all-party meet to discuss all these issues and come to [...] Continue Reading »
According to an internal note of the Department of Telecommunications (DoT), the government plans to make creation of telecom infrastructure mandatory for future real estate ventures, including high rises. DoT is likely to shortly specify the real estate project categories where it may purely be the property developer’s responsibility to arrange the basic telecom infrastructure, [...] Continue Reading »
In the Budget 2014, which was presented by Union Finance Minister Arun Jaitley on Thursday, scope of planning for tax liability arising out of ‘capital gains’ – that is, profits on sale of assets like real estate, gold, or shares – has been reduced. In addition, some evident loopholes in the system have also been [...] Continue Reading »
The Union Budget, which was presented by Arun Jaitley, the Finance Minister on 10th of July, will help in boosting the business in the real estate industry. The Tax benefits that have been given in the hands of people, especially income tax exemption against the interest in housing loans, will help people in building a [...] Continue Reading »
The maiden Budget, presented by Arun Jaitley, the finance minister motivates people to buy a house. A first time home buyer who is thinking of buying a house for a long time, but always delayed the plan only to avoid the burden of high inflation or a service loan which has an ever increasing interest [...] Continue Reading »
In the new budget announced by Finance Minister Arun Jaitley, there is a provision that imposes short-term capital gains tax on unlisted capital assets held for less than three years. Currently, an asset would be a short-term capital asset or a long-term capital asset if it has been held for less than a year or [...] Continue Reading »
The Budget had scored many hits and misses just like the on-going football world cup. The investors were confused to quite an extent after following the finance minister Arun Jaitley’s maiden Budget. Eventually, after an exceptionally volatile intra-day trading that saw the Sensex move more than 800 points, the benchmark lost 72 points. Jaitley decided to [...] Continue Reading »
