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Rs. 20,000 above cash transaction in real estate now under I-T radar
Rs. 20,000 above cash transaction in real estate now under I-T radar. Seems like there is no way one can hide or tweak their property transaction. In case you are found paying Rs. 20,000 above amount while purchasing property in the capital, sooner or later you will be served a notice by the Income Tax department.News has been doing rounds that the I-T department is about to initiate a drive where any realty purchase where the cash transaction exceeds Rs. 20,000 benchmark will be subject to I-T
Is NBFC funding crisis, the next big threat to the Indian realty business? (An industry insight)
Is NBFC funding crisis, the next big threat to the Indian realty business? (An industry insight) It’s been almost a couple of quarters while Non-Banking Finance Companies (NBFCs) have been undergoing a financial crunch, caused by the tighter fiscal policy. The inverse market situation stirs both the 'consumption' and 'investment' capacity of individuals. Since NBFCs have been one key source for the local real estate developers and corresponding stakeholders; it's no surprise that the
CAC inquired the sub-committee to instil West Bengal in taking up RERA It’s been over a year now the central government mandated the Real Estate Regulation.
CAC inquired the sub-committee to instil West Bengal in taking up RERA It’s been over a year now the central government mandated the Real Estate Regulation & Development Act, 2016 (RERA) all across the country. Where most of the states and UTS acted on the centre’s guideline, West Bengal and a few other states have hit the skids.Now the members of the Central Advisory Council constituted by the Ministry of Housing and Urban Affairs under the Real Estate (Regulation &
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