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Inherited Property? Here’s How To File ITR

Inherited Property? Here's How To File ITR Given that most Indians pass on their wealth and property to their legal heirs, it must for them to furnish the details about such assets when filling the Income Tax Return (ITR). If you have also inherited a property, here...

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Taxing Inventory Will Burden Builders Further

According to a media report, from the next financial year, real estate developers who are holding an unsold unit for over a year will have to pay 8-10 per cent of the property value as tax. So far, developers do not pay any tax on property that they hold as...

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TOP 10 FREQUENTLY ASKED QUESTIONS ABOUT GST ON REAL ESTATE

Although GST seems like a move in the right direction as far as the “One Nation, One Tax” structure goes it does bring with it a whole host of questions. These are some of the frequently asked questions that we get from home buyers and customers who are concerned...

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Property Rights and HUF (Hindu Undivided Family) !!

  It is painful to see a large chunk of your income go as taxes. You try every trick in the book to save much as possible. Among the many popular tax-saving exercises is the formation of a Hindu Undivided Family (HUF) by people belonging to the faiths of...

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GFS awarded the Best Real Estate Marketing Company (Tier II & III Cities)

GFS Realtors and Siliguriproperties.com, a Real Estate Marketing Company of Siliguri were awarded as the “Best Real Estate Marketing Company and Consultants (Tier II & III Cities)” at an event organised by World Wide Achievers in association with ZEE Business (Media Partner) called the “Realty Business Leaders Awards-2017”.

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GST and its Impact on Developers !

GST and Its Impact on Real Estate Sector The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures which have confounded...

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GST and its impact of Real Estate !!

The GST rates have been announced and government has fixed 12 per cent for work contract while cement has been put in 28 per cent tax slab from earlier 23-24 per cent in the current tax regime. Full availability of input tax credit and elimination of multiple indirect...

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Plot promoters to also face action under RERA !!

Union urban development minister M Venkaiah Naidu warned last week of penal action against realtors dishonouring their promises. But it’s not just builders who face punitive measures under the new Real Estate (Regulation and Development) Act. The ambitious...

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Here’s why West Bengal failed to ratify RERA on time ?

The Real Estate Act (RERA) comes into forcewith an objective of safeguarding the interests of buyers across the country. However, West Bengal is one of the states that failed to officially implement RERA. The Housing Minister of West Bengal and Mayor of Kolkata...

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