Latest Answer: Till yet there are no changes .but Credai is demanding some changes..it is seeking a reduction of mandatory provision of reservation of housing units from 15 percent to 5 percent of the total built up area for economically weaker section (EWS) quota
Latest Answer: For commercial plots, for building two or more floors the rates for extension fee would be two times or more times higher than the rates for residential plots respectively. The authority would allow a rebate of 50% in the extension fee in case of plots allotted to defence personnel including paramilitary forces.
Latest Answer: Hey guys, if anybody is planning to buy a builder floor It is very important to keep in mind these things- that a buyer has to carry out fundamental checks before investing. In some cases it might be a problem if a builder floor has only few owners.
The buyer should first confirm that he checks the past record as well as the developer’s/land owner’s reputation followed by the quality of construction. Perhaps a home inspection might help.
Latest Answer: But i heard that this issue is again in light. Infact the decision of Telangana issue was suppose to be declared on January 28 but now this is also postponed.
Latest Answer: Hi..Mohan..GHMC is trying their best to do this. The commissioner is directing officials to collect tax very carefully and with full transparency.The tax collection by GHMC as on January 20, 2013 is around Rs 460 crore.
Latest Answer: Hi friends!!
In form of Krishi Kalyan Cess, a levy of 0.50% is going to add up to existing rate of service tax on all taxable services which sums up to total service tax of 15%. Arun Jaitely, in his first budget had increased service tax rate to 14% from 12.36% and then added 0.50% as Swachh Bharat Cess from 15th November, 2015. Now, with krishi kalyan cess of 0.50%, the new service tax rate will be 15% effective from 1st June 2016.
Q:
Hello All, I have booked a flat in Bangalore. I had registered the flat in my name before completing costruction of the flat due to some bank norms and started with the EMI payment. Now the builder is asking me to pay the VAT and Service taxes. I heard VAT is 5% and Service tax is approx 2.5%. I would like to know how the VAT and Service taxes are calculated by considering the figures mentioned above
Latest Answer: I recently heard that Delhi Government has come up with a new rule that there wont be any service tax for under construction property in Delhi.
Latest Answer: Hi Mohan, the prices are continuously rising, I have no hopes of rates coming down. You better look for properties in Delhi which are located in the suburbs so that price will be comparatively low. You tell me in what rate you would be ready to buy so that I can suggest you few projects or localities where prices are in that range.
Latest Answer: Hi Mohan..why paying tax at bank if it can be done through net banking, credit card. It is so simple as that. Now entire property tax database is maintained online also.
Q:
I would like to buy a plot in Bangalore for investment purpose. Where do u think the the rate appreciation would be better over long term may be after years?
Q:
Hi friends, what about the new land acquisition bill? Has it got approved or not yet? I'm curious to know if there will be any benefit for buyers with the bill.
Latest Answer: Hi Mohan, it is about to be finalised.. but I heard that the land rates will increase very much if this new bill is passed.. so there will be no benefit but risk to buyers.. The prices of projects are already reaching sky, and now if it is again going to increase then how are buyers going to buy anymore?
