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finance minister Arun Jaitley

Sebi approves proposal to introduce REITs

Sebi approves proposal to introduce REITs
On August 10, Securities and Exchange Board of India (Sebi) – India’s capital market regulator – gave a long-pending go-ahead to a proposal underscoring the launch of Real Estate Investment Trusts (REITs). The approval to REITs by the Sebi board unfolds an opportunity for cash-strapped developers to gain easy access to funds for completing their [...] Continue Reading »

FDI increases in the urban development sector

FDI increases in the urban development sector
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »

Rural India needs to develop for the nation’s holistic development: Jaitley

Rural India needs to develop for the nation’s holistic development: Jaitley
The Union finance minister Arun Jaitley said on Thursday that capital formation in agriculture and development of rural infrastructure is the key for improving the quality of life for the people in the countryside. Jaitley mentioned that the rural population is deprived of the basic amenities and the government will strive towards providing housing, toilets, [...] Continue Reading »

Top Indian Managers Reflect on 2014 Budget Allocation

Top Indian Managers Reflect on 2014 Budget Allocation
The CEO and Managers of prominent companies give their opinion on whether the new budget will open the door for real estate growth and development in the country. R. Nagaraj, President of CREDAI Karnataka, is optimistic about this year’s Union Budget allocation towards infrastructure and real estate development. According to him, domestic and Foreign Direct [...] Continue Reading »

Increase in Dividend Distribution Tax

Increase in Dividend Distribution Tax
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »

Budget 2014: Scope of planning for tax liability from ‘capital gains’ reduced

Budget 2014: Scope of planning for tax liability from ‘capital gains’ reduced
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 »

Real estate industry to benefit from the Union Budget

Real estate industry to benefit from the Union Budget
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 »

Decrement of tax in house loans

Decrement of tax in house loans
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 »

Higher Tax Rates for VC and PE Investors

Higher Tax Rates for VC and PE Investors
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 »

Retrospective amendment of the I-T Act, 1961: CBDT to look into the pending cases

Retrospective amendment of the I-T Act, 1961: CBDT to look into the pending cases
The Finance Minister Arun Jaitley today stated that all the fresh cases arising out of the 2012 amendment of I-T Act would be looked into by a high level CBDT (Central Board of Direct Taxes) committee. He also mentioned that retrospective amendments to tax laws will be undertaken with extreme caution and the investors need not [...] Continue Reading »



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