Stamp Duty

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Stamp Duty - Total results - 36
Maharashtra government slashes stamp duty to 2% till December to rekindle ailing real estate sector
Business

Maharashtra government slashes stamp duty to 2% till December to rekindle ailing real estate sector

Stamp duty is the transactional tax collected by the government on property purchases. Stamp duty collection is one of the largest contributors to a state's revenue

Realtors urge Maharashtra govt to reduce stamp duty to 1% for 4 months; seek stimulus package to save jobs
Business

Realtors urge Maharashtra govt to reduce stamp duty to 1% for 4 months; seek stimulus package to save jobs

The realtors body also sought a stimulus package from the state government to save jobs.

Maharashtra Budget 2020: Uddhav Thackeray-led govt announces farm sops, hikes VAT on petrol, diesel
Business

Maharashtra Budget 2020: Uddhav Thackeray-led govt announces farm sops, hikes VAT on petrol, diesel

In its maiden budget, the Maha vikas Aghadi (MVA) government in Maharashtra on Friday announced sops for farmers, proposed to increase VAT on petrol and diesel by Re 1 per litre and reduced electricity duty for industries

Union Budget 2020: NAREDCO seeks bold measures to resurrect real estate sector; says industry facing serious liquidity crunch
Business

Union Budget 2020: NAREDCO seeks bold measures to resurrect real estate sector; says industry facing serious liquidity crunch

On liquidity issue, he said the real estate industry is facing serious challenges and needs bold fiscal measures for resurrecting the reeling industry.

Karnataka govt invites investors to tap opportunity in Hubli; looks at developing cluster for FMCG goods
Business

Karnataka govt invites investors to tap opportunity in Hubli; looks at developing cluster for FMCG goods

The Karnataka government sees Rs 20,000-30,000 crore investment opportunities in Hubli-Dharwad region

Real estate investment: Homebuyer must look into taxation aspects of rental income, gains from property sale
Business

Real estate investment: Homebuyer must look into taxation aspects of rental income, gains from property sale

An individual who has earned long-term capital gains on the sale of real estate can claim an exemption under Section 54 if he reinvests the gain in another property.

Planning to invest in a house? You can get these three benefits by taking home loan in a woman's name
Business

Planning to invest in a house? You can get these three benefits by taking home loan in a woman's name

Govt has also encouraged this new wave of development and has devised various concessions/ policies to facilitate smoother access of funds to women investors

States shouldn't levy stamp duty on affordable housing to boost demand for low cost homes: DLF CEO Rajeev Talwar
Business

States shouldn't levy stamp duty on affordable housing to boost demand for low cost homes: DLF CEO Rajeev Talwar

DLF's CEO Rajeev Talwar said the real estate should not be treated as 'milching cow' and added that there is a case for even lowering the GST rate from current 12 percent

GST anniversary: A simplified tax regime has improved ease of doing business, but barriers remain: Entrepreneurs
Business

GST anniversary: A simplified tax regime has improved ease of doing business, but barriers remain: Entrepreneurs

The GST has helped organise the unorganised sector to a large extent, and, in many cases, has revolutionised entire industries. But, pain-points remain.

Jammu and Kashmir Bank announces reduction in interest rates on loans for women borrowers
Business

Jammu and Kashmir Bank announces reduction in interest rates on loans for women borrowers

Jammu and Kashmir Bank will also establish two 'Ladies Special Branches' - one each in Srinagar and Jammu. In housing loan segment, the bank has reduced the rate of interest by 10 to 40 basis points in non priority segment for women borrowers

UN lauds removal of stamp duty on property registered in name of women in Jammu and Kashmir
India

UN lauds removal of stamp duty on property registered in name of women in Jammu and Kashmir

Hailing Jammu and Kashmir government's decision to abolish stamp duty on the sale of property owned by women in the state, a United Nations agency has termed it as a big step towards women empowerment

Budget 2018: Stamp duty on immovable properties should also be on value addition alone
Business

Budget 2018: Stamp duty on immovable properties should also be on value addition alone

Value added tax (VAT) principle should apply to stamp duty on immovable properties

Budget 2018: Low interest rates, single window clearance among key expectations of realty
Business

Budget 2018: Low interest rates, single window clearance among key expectations of realty

The real estate sector, which has been under stress due to decline in sales and project launches, has set high expectations on Budget 2018

GST: Maharashtra likely to link incentives to job creation for industrial investments
Business

GST: Maharashtra likely to link incentives to job creation for industrial investments

Many states offered fiscal incentives to attract industrial investment, which, however, would no longer be relevant in the current status

Telangana posts 17.82% growth in income via main taxes, hopes to implement more welfare programmes
India

Telangana posts 17.82% growth in income via main taxes, hopes to implement more welfare programmes

The Telangana government on Wednesday said it has registered a growth rate of 17.82 percent in income generated through main taxes and 17.81 expansion rate in all taxes.

Shiv Sena opposes 3% duty on property gift to blood relatives; warns Devendra Fadnavis govt of agitation
Politics

Shiv Sena opposes 3% duty on property gift to blood relatives; warns Devendra Fadnavis govt of agitation

The Shiv Sena, ruling coalition partner in the BJP-led Maharashtra government, on Wednesday said it was opposed to state cabinet's decision to levy three percent stamp duty on gift deeds transferring property among the blood relations.

Will stamp duty on affordable housing be revoked? Centre asks states to abolish it
Business

Will stamp duty on affordable housing be revoked? Centre asks states to abolish it

Venkaiah Naidu said the ministry has also recommended that the real estate sector should be taxed at a rate "which is revenue neutral and not at a higher tax rate"

Centre assures realty sector of revenue neutral GST rate
Business

Centre assures realty sector of revenue neutral GST rate

The biggest concern was that GST treats real estate as a service while Stamp Act is treating it as a fixed asset. The real estate takes hits from both the sides.

Real Estate: Demonetisation may not weed out corruption; attacking its underlying sources can
Politics

Real Estate: Demonetisation may not weed out corruption; attacking its underlying sources can

Hopefully, the rooting out of black money from real estate will rid the sector of its corrupt image. But the buyers and sellers should see to it that they do not overlook small transgressions

Govt hints at clipping taxman's discretionary powers, may lower stamp duty on real estate property deals
Politics

Govt hints at clipping taxman's discretionary powers, may lower stamp duty on real estate property deals

Panagariya said the government is beefing up enforcement against tax cheats in the real estate sector