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	<title>Property News India and Featured Real Estate Stories &#187; Income Tax Act</title>
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	<description>Property News India and Featured Real Estate Stories</description>
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		<title>Recent order in I-T Act not clear with many</title>
		<link>https://groups.commonfloor.com/news/recent-order-in-i-t-act-not-clear-with-many-73969</link>
		<comments>https://groups.commonfloor.com/news/recent-order-in-i-t-act-not-clear-with-many-73969#comments</comments>
		<pubDate>Mon, 08 Sep 2014 06:26:30 +0000</pubDate>
		<dc:creator>swiftsales.cf</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Finance Bill 2014]]></category>
		<category><![CDATA[Income Tax (I-T) Act]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[Madras High Court]]></category>
		<category><![CDATA[residential house in India]]></category>
		<category><![CDATA[Tax exemption]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=73969</guid>
		<description><![CDATA[The Madras high court, in a recent order, has held that the restrictive provisions introduced in the Income Tax (I-T) Act, which call for reinvestment in only `one&#8217; residential house in India for claiming capital gains tax exemption, apply from fiscal April 1, 2014. The explanatory memorandum to the Finance Bill, 2014, had clarified that [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/recent-order-in-i-t-act-not-clear-with-many-73969/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEZs receive set back from the government measures</title>
		<link>https://groups.commonfloor.com/news/sezs-receive-set-back-from-the-government-measures-70776</link>
		<comments>https://groups.commonfloor.com/news/sezs-receive-set-back-from-the-government-measures-70776#comments</comments>
		<pubDate>Mon, 04 Aug 2014 09:40:27 +0000</pubDate>
		<dc:creator>swiftsales.cf</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[IT/ITeS sector]]></category>
		<category><![CDATA[Minimum Alternate Tax (MAT)]]></category>
		<category><![CDATA[SEZs]]></category>
		<category><![CDATA[special economic zones]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=70776</guid>
		<description><![CDATA[The spirits of the IT/ITeS sector had risen upon the finance minister’s announcement in the Budget speech that the government would take measures to revive the SEZs. Many companies started even planning to take up new space in the SEZ units. However all does not seem to be rosy. The first blow came with the [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/sezs-receive-set-back-from-the-government-measures-70776/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tax exemption limit may go up to 2 Lakh: Budget expectations</title>
		<link>https://groups.commonfloor.com/news/tax-exemption-limit-may-go-up-to-2-lakh-budget-expectations-66836</link>
		<comments>https://groups.commonfloor.com/news/tax-exemption-limit-may-go-up-to-2-lakh-budget-expectations-66836#comments</comments>
		<pubDate>Tue, 01 Jul 2014 09:15:14 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Budget 2014]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Budget expectations]]></category>
		<category><![CDATA[Check out the top 5 expectations of the common man in India]]></category>
		<category><![CDATA[Common man's expectations from budget 2014-15]]></category>
		<category><![CDATA[finance budget 2014-15]]></category>
		<category><![CDATA[Finance minister may double tax exemption limit under 80C to Rs 2 lakh]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[Income Tax Expectations From Modi Government]]></category>
		<category><![CDATA[Tax exemption limit may go up to 2 Lakh]]></category>
		<category><![CDATA[union budget 2014-15]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=66836</guid>
		<description><![CDATA[Indians have a saving mentality and household incomes saved in banks and post offices give those institutions an opportunity to invest those amounts in other profit making instruments. Hence if the tax exemption limit is increased to 2 lakhs which is double compared to the existing limit, then it will give a boost to household [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/tax-exemption-limit-may-go-up-to-2-lakh-budget-expectations-66836/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Income tax department notices to 400 farmers in south Gujarat</title>
		<link>https://groups.commonfloor.com/news/income-tax-department-notices-to-400-farmers-in-south-gujarat-57417</link>
		<comments>https://groups.commonfloor.com/news/income-tax-department-notices-to-400-farmers-in-south-gujarat-57417#comments</comments>
		<pubDate>Wed, 19 Mar 2014 05:06:06 +0000</pubDate>
		<dc:creator>gaurav.gupta</dc:creator>
				<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[1961]]></category>
		<category><![CDATA[Bardoli]]></category>
		<category><![CDATA[Capital gain tax]]></category>
		<category><![CDATA[Farmers in south Gujarat]]></category>
		<category><![CDATA[Gujarat]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[income tax department]]></category>
		<category><![CDATA[Income tax department notices to 400 farmers]]></category>
		<category><![CDATA[IT department]]></category>
		<category><![CDATA[IT issues notices to 400 farmers in south gujarat]]></category>
		<category><![CDATA[Navari]]></category>
		<category><![CDATA[notices to 400 farmers in south Gujarat]]></category>
		<category><![CDATA[Real Estate Developers]]></category>
		<category><![CDATA[Surat]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=57417</guid>
		<description><![CDATA[The IT department has turned red eye on the farmers and the real estate developers in Surat and other parts of south Gujarat region. In last two days, the department has issued notices to nearly 400 farmers and real estate developers asking them to submit issued amount on the sale of agriculture land within two [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/income-tax-department-notices-to-400-farmers-in-south-gujarat-57417/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rental Housing push needed urgently</title>
		<link>https://groups.commonfloor.com/news/rental-housing-push-needed-urgently-54777</link>
		<comments>https://groups.commonfloor.com/news/rental-housing-push-needed-urgently-54777#comments</comments>
		<pubDate>Thu, 20 Feb 2014 14:38:51 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[affordable housing fund]]></category>
		<category><![CDATA[Budget 2014]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[EWS/LIG housing]]></category>
		<category><![CDATA[HFIs]]></category>
		<category><![CDATA[housing shortage in the country]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[infrastructure status to housing sector]]></category>
		<category><![CDATA[insurance funds and provident funds.]]></category>
		<category><![CDATA[in housing finance institutions]]></category>
		<category><![CDATA[pension funds]]></category>
		<category><![CDATA[property management firms]]></category>
		<category><![CDATA[rental housing]]></category>
		<category><![CDATA[rental income]]></category>
		<category><![CDATA[renting of properties]]></category>
		<category><![CDATA[Section 80-IA]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=54777</guid>
		<description><![CDATA[Considering the housing shortage in the country, a big boost to &#8216;rental housing&#8217; concept is the need of the hour. The same can be promoted in several ways. CREDAI is expecting three major things from budget. Their demands include a flat 10 percent tax on income from renting of properties and services of property management [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/rental-housing-push-needed-urgently-54777/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Developers likely to move finance ministry against new property tax</title>
		<link>https://groups.commonfloor.com/news/developers-likely-to-move-finance-ministry-against-new-property-tax-50320</link>
		<comments>https://groups.commonfloor.com/news/developers-likely-to-move-finance-ministry-against-new-property-tax-50320#comments</comments>
		<pubDate>Wed, 27 Mar 2013 03:33:16 +0000</pubDate>
		<dc:creator>Poornima</dc:creator>
				<category><![CDATA[Civic Issues]]></category>
		<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[housing prices in india]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[Land value]]></category>
		<category><![CDATA[New Delhi]]></category>
		<category><![CDATA[new property tax in india]]></category>
		<category><![CDATA[property tax]]></category>
		<category><![CDATA[Real Estate Sector]]></category>
		<category><![CDATA[Real estate transactions]]></category>
		<category><![CDATA[Realty developers]]></category>
		<category><![CDATA[Register properties]]></category>
		<category><![CDATA[stamp duty value]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=50320</guid>
		<description><![CDATA[New Delhi: Realty developers are likely to seek finance ministry’s help against the proposed property tax to be imposed on property sales. The realtors are worried that the additional tax would curb the growth of the real estate sector which is already facing slowdown. By inserting Section 43CA in the Income Tax Act, the government [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/developers-likely-to-move-finance-ministry-against-new-property-tax-50320/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Bill makes buying land easier in small towns</title>
		<link>https://groups.commonfloor.com/news/new-bill-makes-buying-land-easier-in-small-towns-48807</link>
		<comments>https://groups.commonfloor.com/news/new-bill-makes-buying-land-easier-in-small-towns-48807#comments</comments>
		<pubDate>Fri, 08 Mar 2013 13:33:24 +0000</pubDate>
		<dc:creator>Poornima</dc:creator>
				<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Agricultural land]]></category>
		<category><![CDATA[buy land]]></category>
		<category><![CDATA[buy plots]]></category>
		<category><![CDATA[capital asset]]></category>
		<category><![CDATA[Census 2011 provisional data]]></category>
		<category><![CDATA[Corporates]]></category>
		<category><![CDATA[exemption for a land]]></category>
		<category><![CDATA[Finance Bill 2013]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[licensing clearances]]></category>
		<category><![CDATA[long term capital gains tax]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[municipality limits]]></category>
		<category><![CDATA[New bill]]></category>
		<category><![CDATA[non-agricultural land]]></category>
		<category><![CDATA[Realtors]]></category>
		<category><![CDATA[sale of land]]></category>
		<category><![CDATA[Small town]]></category>
		<category><![CDATA[tier III cities]]></category>
		<category><![CDATA[Tier-II cities]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=48807</guid>
		<description><![CDATA[Mumbai- With the Finance Bill 2013 improving the distance and population criteria for determining agricultural land as a capital asset without levying any capital gains tax, land transactions around smaller towns are expected to increase. This move has eased norms for realtors and corporates looking to buy plots around small towns and cities now. A [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/new-bill-makes-buying-land-easier-in-small-towns-48807/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>I-T raids disclose hidden income worth 18 cr</title>
		<link>https://groups.commonfloor.com/news/i-t-raids-disclose-hidden-income-worth-18-cr-25378</link>
		<comments>https://groups.commonfloor.com/news/i-t-raids-disclose-hidden-income-worth-18-cr-25378#comments</comments>
		<pubDate>Fri, 20 Jul 2012 12:01:01 +0000</pubDate>
		<dc:creator>Poornima</dc:creator>
				<category><![CDATA[Other cities]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[1961]]></category>
		<category><![CDATA[Assets]]></category>
		<category><![CDATA[bank lockers]]></category>
		<category><![CDATA[black money]]></category>
		<category><![CDATA[Cash]]></category>
		<category><![CDATA[I-T]]></category>
		<category><![CDATA[I-T officer]]></category>
		<category><![CDATA[I-T officials]]></category>
		<category><![CDATA[Income Tax Act]]></category>
		<category><![CDATA[income tax department]]></category>
		<category><![CDATA[Jayenti Babaria]]></category>
		<category><![CDATA[jewellery]]></category>
		<category><![CDATA[Lavji Dalia]]></category>
		<category><![CDATA[Mota Varachha]]></category>
		<category><![CDATA[realtors of Surat]]></category>
		<category><![CDATA[Surat]]></category>
		<category><![CDATA[Tax payers]]></category>
		<category><![CDATA[Varachha]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=25378</guid>
		<description><![CDATA[Three realtors of Surat have been caught with Rs 18.50 crore as undisclosed income to the income tax (I-T) department on Thursday. I-T officials had conducted a search and survey operation under the Income Tax Act, 1961 on few realtors in Varachha and Mota Varachha areas in Surat on Tuesday. About 45 places in the [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/i-t-raids-disclose-hidden-income-worth-18-cr-25378/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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