tax regime
REITs might have to face some turbulent times before being fruitfully launched in India, due to the current tax rules, which make it an unattractive and stringent affair. The rules announced by the Indian Government for setting up Real Estate Investment Trusts (REITs), which may spur $20 billion of property development, will not see the [...] Continue Reading »
The revised set of taxes will be imposed first on the newly constructed buildings as decided by the city corporation officials. The present tax regime will be coming into force from the month of August. The old buildings which are being allotted by the new TC numbers will be brought under the regime only during [...] Continue Reading »
