The rates are applicable for the financial year 2013-14 and are subject to enactment of the Finance Bill, 2013. Tax Implications on Dividend Received by Mutual Fund Unit holders Dividend Received Individual/ HUF Domestic Company NRI Equity oriented schemes Nil Nil Nil De…
Showing posts with label Budget 2013 - 14. Show all posts
Showing posts with label Budget 2013 - 14. Show all posts
Union Budget 2013-14 Proposal 1 % TDS on Property Deals : CREDAI Sought Withdrawal...!
Confederation of Real
Estate Developer's Associations of India (CREDAI), has sought withdrawal of
Union Budget 2013-14 proposal to levy 1 % tax deducted at source (TDS) on any
property deal other than agriculture land. In a recent
representation sent to the finance minis…
Union Budget 2013-14: How Restaurants Can Overcharge You..!
Service Tax Vs Service Charge..! Tax components have become a part of our restaurant bills
to the extent that we rarely notice what all we'e paying for over the food
cost. Most of us hardly understand the various taxes applicable on eating out. To begin with, there are ma…
Union Budget 2013-14 : Invest Rs. 40 lakh for Income Tax Benefit of Rs. 20,000 Only..!
by Mr. Harsh Roongta,
CEO, Apnapaisa.com This 2013-14 year's
budget has proposed an additional deduction of Rs. 1 lakh for the interest
repayable on housing loans that fulfil specific criteria. This extra benefit is
available for just 1 year and for eligible loans; the l…
In India Affordable Homes Still up in the Air..!
By Pratik Jain,
Partner, KPMG India The cash strapped
real estate sector has once again been left without the coveted ‘industry
status’, which would have given it access to debt at improved interest rates
& reduced collateral. Affordable Homes.! The real estate
sector had …
Home Loan Demand: Indian Banks, Housing Finance Companies Bullish..!
Owing to Budget 2013-14
's incentive to the housing sector, banks and housing finance companies (HFCs)
are seeing a rise in the demand for housing loans. In his Budget speech,
Finance Minister Mr. P. Chidambaram had said those taking loans of up to Rs. 25
lakh from a ban…
Union Budget Very disappointing, Not provided any Incentive - CREDAI Chennai
Mr. Sandeep Mehta,
President,CREDAI Chennai, Managing Director, Jain Constructions. "The Union
budget has been very disappointing this year and has not provided any incentive
or / motivation. I feel the real estate
sector has been ignored in a big way, except for a few…
Budget 2013- 14: CREDAI Welcomes the Interest Deduction of an Additional Rs. 1 lakh for first time housing loan borrowers..!
Mr. Lalit
Kumar Jain, National President ,CREDAI Realty developers'
apex body CREDAI expressed the disappointment over the Finance Minister missing
out on affordable & rental housing and banking reforms. However, on the
positive side, Mr. Lalit Kumar Jain, National P…
The Union Budget 2013-14: Not Met the Expectations of the Developers and Investors in the Real Estate Sector...!
Mr. Sanjay
Dutt, Executive Managing Director- South Asia, Cushman & Wakefield. This budget has
followed a similar pattern of populism. "Given the
political compulsions of heading into elections next year, the overall budget
focuses on the middle class and is quite po…
Union Budget 2013- 13: Impact on Indian Real Estate Sector..!
* Finance Minister
Mr. P. Chidambaram has announced a Rs
2,000 crore urban housing fund * Making luxury houses costlier by cutting
abatement on service tax from 75% to 70% on a flat with a floor area of over
2,000 square feet, or prices exceeding Rs.1 crore. * The Budget for…
Union Budget 2013-14: Income Tax Credit of Rs. 2,000 - Full Detailed Analysis..!
By Mr. Manoj Agarwal, Income Tax Expert, Rourkela ?? Whether basic exemption limit for Individuals, HUF’s, AOP & BOI under the Income Tax Act, 1961 has been raised from Rs. 2,00,000 to Rs. 2,20,000- !!! NO, the basic exemption limit remains unchanged at Rs. 2 Lakh for FY …
1 % TDS on Transfer of Immovable Property Exceeding Rs. 50 Lakh: Introducing New Income Tax Section 194-IA..!
* The
reason for introducing new section 194-IA is for widening of tax base and to
check tax avoidance measures . * In
India 50% Property Transactions Don't Carry PAN..! * The
transferee shall be required to comply with all the other compliances of TDS,
example., filing of…
