[...] the recent uprising in the civil society should be an opportunity for the government to look at the laws that are creating distortions and ambiguities. Earlier, along with wealth tax, gift tax and estate duty on the direct tax side and very high levels of excise and customs duties, the high income tax rates had increased the propensity for generation of black money.
... a serious constraint on the entire real estate sector. This is another sector that has attracted ... times of up to six months for licenses for duty free exports, lead to "loss of investors' confiden..., Ministry of Commerce & Industry, New Delhi. . GOI (2002), Development of Industrial Policy an...
... General Insurance: [309 ITR 356] and by the Delhi High Court in the case of DIT v. HCL Infosystems L... procedure on refund of 4% Countervailing Duty (Special Additional Duty) provides the facility of...Amit Bhandari, Head –Real Estate Practice –Mumbai; Mr. Gaurav Jaggi, Ms. Divya Su...
The paper analyzes the formally approved, notified, and approved in-principle Special Economic Zones (SEZs) in India in a number of ways for the period 2006 to mid-June 2009. It outlines the differences in approaches of Export Processing Zones (EPZs)/Export-Oriented Units (EOUs) and SEZs, and presents the features of SEZ policy with respect to SEZ developers and SEZ units, with reference to multi-product, multi-service and sector-specific SEZs in normal states and special category states/union territories. Some current issues, with brief review of earlier approaches, and safeguards to be put in place regarding SEZs, have also been outlined in this paper. Geographical and sector-wise concentration of SEZs, size of area acquired for different product groups, division of zone into processi...
...The SEZs are duty-free insulated enclaves of development, and are de... in SEZ much, but is arbitraged by the real estate owner. Export Promotion Industrial Parks. Among th... of Chandigarh, Dadra and Nagar Haveli, Delhi, and Puducherry, and over 29 sectors. In addition,...
In public memory the name 'Bhopal' will forever remain associated with the gas tragedy, the world's worst industrial disaster that killed and maimed thousands 26 years ago. But there is much more to the capital of Madhya Pradesh, and one of its most intriguing features of late has been the way its realty sector has defied the trend prevailing in the rest of the country. At a time when real estate is reeling under the impact of a series of body blows - interest rates climbing higher and higher, scarce capital, a volatile Sensex, all of which are scaring away buyers - Bhopal seems entirely unaffected. Even today, every other large hoarding in this town of 2.9 million advertises real estate projects. The demand is so great that Bhopal has no need for brokers to go out and woo customers - b...
...Revenue from housing deals through stamp duty and registration charges has risen 65 per cent in ... can be sold, akin to the circle rates in Delhi and other cities - by two to seven and a half time...
In this endeavour, I seek Lord Indra's help to make the recovery more broad-based in the coming months. 7.Growth is only as important as what it enables us to do and be. [...] the second challenge is to harness economic growth to consolidate the recent gains in making development more inclusive.
... interim relief to the housing and real estate sector which was impacted by the global recession,...The specific rates of duty applicable to portland cement and cement clinker a...
[...] there should be efforts to incentivize high declaration of property costs. [...] farmers get less compensation when the land is acquired and second, when farmers sell the land on their own.
New Delhi, June 19 -- What is the biggest problem you see inn Indian real estate?. The industry needs regulation but the problem is...The other problem is high stamp duty rates in some states. States that have lowered the...
Most office-bearers in trade bodies are go-between the authorities and the private sector and act for personal gains; they are not true leaders of the business community, a disgruntled leader who wished anonymity commented when approached by Dawn.'The simple answer is that economy rewards short-term trading better than long- term investment in industry, so the money over the past few years was diverted to capital market, real estate and trading', said a young businessman from Karachi critical of the role of the trade bodies.
... of all SROs and policy statements of tax/duty concessions that the government has been doling ou... FICCI told Dawn in a chat in his office in Delhi that his organization, by adhering to highly compe...
A 19-page Supreme Court judgment on October 11 could go a long way in clearing up the murk in property deals. The court has clarified that a general power of attorney, sale agreement or will transfer does not effectively transfer ownership of immovable property, and cannot be recognised as a For changes to be made in municipal or revenue records, a registered sale deed is necessary. The judgment notes that such power-of-attorney transactions, which were only prevalent in Delhi and neighbouring states, are spreading to other states. One likely effect of the judgment is that buyers will exercise greater caution and prefer to deal directly with original landowners or, at least, insist on their presence while negotiating a deal.
... outcome is that states will reduce stamp duty, which would encourage people to register transact...Real estate developers typically negotiate through an agent wh...
Since 2002-03, when commercial banks got into the housing market, they haven't looked back. For one, the developers do not have the capacity to deliver, and even if they able to deliver, then look at the population of Delhi and the growth in NCR (National Capital Region). [...] in terms of pricing, there are enough people out there who are ready to pay that little bit extra to get a house.
...Stamp duty, provision for infrastructure, registration, regul...
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