Finance Minister Arun Jaitley’s maiden budget
Honourable finance Minister Arun Jaitley had introduced FDI in real estate during the maiden budget presented on July 10, 2014 and the contours of the guidelines were finalised in the last few months. It seems that it was a successful move as many countries are already investing in the infrastructure and real estate in India. [...] Continue Reading »
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 »
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 »
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 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 »
CBDT (Central Board of Direct Taxes) is expected to notify later this week the constitution and terms of reference of a high- level committee, which will scrutinise all Income Tax cases emerging out of the retrospective amendment of the Act. This new mechanism was declared by the Finance Minister Arun Jaitley in the budget speech [...] Continue Reading »
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 »
In a noteworthy announcement made by Finance Minister Arun Jaitley during the course of his Budget speech on Thursday, ‘slum development’ will henceforth be treated as one of the Corporate Social Responsibility (CSR) activities. The Finance Minister’s move to include ‘slum development’ as a CSR activity will essentially work as a supplement to the ongoing [...] Continue Reading »
Announcing the Union Budget 2014-15 on Thursday, Finance Minister Arun Jaitley said that air travel in the country will be notably improved through the development of new airports in smaller cities and towns. The government’s plans for better airport connectivity in regional areas are apparently rooted in the fact that though airport travel has increased [...] Continue Reading »
The Finance Minister Arun Jaitley statement todaythat a solution to the issues relating to the comprehensive indirect tax regime might be finalised in the current year itself, brought a lot of cheer to the industry.Jaitley wants to roll out Goods and Services Tax (GST) and wants to give a boost to the industries and increase [...] Continue Reading »
