Real-estate projects get tax incentives

JAIPUR: The Income Tax department, Jaipur on Thursday conducted raids on a real estate group which is also involved in trade of jewellery and metals. The IT sleuths conducted raids at more than 20 locations and seized documents related to

Several more Chinese cities will pilot the real estate tax in 2013 following Shanghai and Chongqing cities, disclosed people close to the matter on May 19. The cities will levy the tax based on the actual situation. In January 2011, the tax was ...

Investments in the UKs forestry assets have hit new highs, with three-year returns rising to 23.9 per cent in 2012. This equates to a minimum outperformance of 14 per cent against bonds (9.9 per cent), equities (6.7 per cent) and commercial property ...

By Accommodation Times News ServiceBuilders and developers are in big worry as they are not able to meet their deadline for the completion of the work because of the shortage in materialLocal Body Tax (LBT) is creating problems for developers, builders, ...

Real estate professionals are split over whether the rejection of a school budget affects home sales in the district. Consumers always look at the amount of taxes they'll pay when considering where to buy a home, but they tend not to pay attention ...

Opposing the new property tax structure of the Brihanmumbai Municipal Corporation, real estate developers here extended their support to consumer associations protesting against the tax system. Business Line, 2 months ago Seminar on Capital Value Based Property Tax & TDS on Sale  Accommodation Times, 3 days ago

An exercise by the Income Tax Department of collecting data on real estate deals of value over 30 lakh has revealed that tax to the tune of 100 crore was evaded in the transactions during the last fiscal.

The Union Budget doesn't have any significant policy initiatives or tax incentives for the real estate sector. The Budget does propose a 1 percent Tax Deducted at Source (TDS) on property transactions. The realty index is down 9.4 percent for the week.

FM may have plugged one gap to ensure offshore real estate funds that use share buyback as an option to exit their investments pay a withholding tax.