withholding tax
The realty market in India is in a bad shape. The expectation of the sector on the budget was not fulfill to that extent. The good news for the realty sector is the allowance of External Commercial Borrowings for low cost affordable housing projects. The withholding tax also reduces to 5% from 20% on ECBs [...] Continue Reading »
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
