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Tax exemption

Recent order in I-T Act not clear with many

Recent order in I-T Act not clear with many
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’ 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 [...] 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 »

Real estate players demand for industry status

Real estate players demand for industry status
The industry status is what the property consultants are demanding in the upcoming realty budget! Tax exemption on home loans and incentives to promote affordable housing segment is all what the real estate players are demanding for! Also, the realty players want to create a demand for retail space in shopping malls for the Foreign [...] Continue Reading »

Residents demand regularization of illegal colonies!

Residents demand regularization of illegal colonies!
Residents of illegal colonies, villages and other resettlement colonies demanded the government to regularize these type of colonies over a meeting. They also urged to rate the electricity at subsidy basis and provide it to the residents of such areas. Large number of residents participated in the meeting organized by Delhi Vikas Morcha at Tughlakabad. [...] Continue Reading »

Property tax structure revised

Property tax structure revised
Kochi Property owners, the revised property tax structure is here! The tax payments from now on will be based on floor area of the property. Kochi Corporation has revised the property tax structure as per the orders issued by the Local Self Government Department. According to the previous norm, property tax was collected based on [...] Continue Reading »



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