Tax concessions
Karnataka government may offer incentives for projects outside Bangalore (Tier II and Tier III cities) in order to take the pressure off Bangalore, which is considered the most preferred location for investment purposes. With an intend to promote healthy and balanced regional development of the state, Karnataka government aims to offer incentives for investors putting up industrial [...] Continue Reading »
Amravati Municipal Corporation (AMC) held its general body meeting in which key decisions were taken regarding industrial incentives and Below Poverty Line (BPL) facilities. AMC is planning to give concession on local body tax (LBT) and house tax to the industries in the Maharashtra Industrial Development Corporation (MIDC). In the general body meeting, decision has [...] Continue Reading »
In an attempt to garner cooperation from the citizens, the Brihanmumbai Municipal Corporation’s (BMC) has come up with the new initiative to offer tax concessions to housing societies, NGOs and Social welfare organizations who keep their area garbage free. The BMC is to pass a notice of motion in its general body meeting and if [...] Continue Reading »
There is good news for house buyers. In its revised discussion paper on Direct Tax Code, the government has proposed to allow the tax concessions on the interest paid up to Rs 1,50,000 during a financial year on home loan to buy a house for one’s own use. Similarly, the government had also decided not [...] Continue Reading »
