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
The realtors body also sought a stimulus package from the state government to save jobs.
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
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
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
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
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
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
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 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
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
Value added tax (VAT) principle should apply to stamp duty on immovable properties
The real estate sector, which has been under stress due to decline in sales and project launches, has set high expectations on Budget 2018
Many states offered fiscal incentives to attract industrial investment, which, however, would no longer be relevant in the current status
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
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.
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"
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.
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
Panagariya said the government is beefing up enforcement against tax cheats in the real estate sector