Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY
There are several factors to consider before taking a building on rent for commercial purposes. These factors must be looked at from all possible perspectives and any lacuna or ambiguity must be sorted out … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
There are many pitfalls in taking a commercial building on lease. It is imperative to have a thorough understanding of the area and one’s own requirement from the premises. Commercial lease agreements usually involve … READ FULL STORY
The West Bengal assembly, on November 26, 2018, passed a bill which empowers municipalities in the state to charge a fine of a maximum of Rs one lakh, if the residents fail to comply … READ FULL STORY
The North Delhi Municipal Corporation (NDMC) has attached 648 bank accounts and 670 properties from April-October 2018, for the ‘non-payment’ of property tax, officials said. NDMC’s additional commissioner (revenue) BM Mishra said since April … READ FULL STORY
Nashik civic chief Tukaram Mundhe, on August 30, 2018, announced a reduction in property tax by half, two days before a special general body meeting is likely to discuss a no-confidence motion against him. … READ FULL STORY
The Indian real estate sector has become one of the fastest growing markets. However, the sector is battling some extreme challenges that act as roadblocks and restrict the sector from yielding full benefits of … READ FULL STORY
The process of carving out a separate municipal council, comprising 27 villages currently under the Kalyan Dombivli Municipal Corporation (KDMC), is in the final stages, Maharashtra chief minister Devendra Fadnavis informed the state legislative … READ FULL STORY
Update on March 12, 2019: The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied for insufficient payment of stamp duty made in the … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on March 14, 2018, said that his government was positive to the demand of waiving property tax for houses with a carpet area of 750 sq ft. “The Brihanmumbai … READ FULL STORY
The South Delhi Municipal Corporation (SDMC), on March 12, 2018, extended the ambit of an amnesty scheme to provide substantial relief in property tax, to residents of all types of colonies, officials said. The … READ FULL STORY
Punjab’s local bodies department, on February 28, 2018, signed an MoU with e-Governance Foundation, for managing electronic governance of Urban Local Bodies (ULBs) in the state. After the inking of the MoU, local government … READ FULL STORY
