The state government of Maharashtra
Maharashtra finance minister has indicated that the state government will provide a waiver on 15 per cent interest as penalty on value-added tax (VAT) levied on property transactions between 2006 and 2010. The news comes as a relief for the property developers and buyers. The government further clarified that VAT will be levied only on [...] Continue Reading »
The state government of Maharashtra has rejected Mhada’s proposal of allowing flat owners to lease out their houses within the five-years lock-in period. The state expressed its opinion that by allowing this move, people looking at low-cost houses as an investment opportunity will be encouraged. Meanwhile, it will be unfair to those who are homeless. [...] Continue Reading »
