Property prices will rise slightly with proposed hike in service tax to 14 per cent, according to real state industry associations CREDAI and NAREDCO. The Finance Minister on February 28 proposed increase in service tax to 14 per cent from 12.36 per cent. "Hike in service tax will lead to increase in property prices by nearly 0.5 per cent of the total cost," CREDAI, the apex realtors' body, Chairman Lalit Jain said. CREDAI President (elect) Getamber Anand also said: "There will be an direct impact of increase in service tax, as the cost of property will increase". "The effective service tax would now increase by 0.41 per cent from 3.09 per cent earlier," he added. All under-construction properties are covered under the service tax that developers passes on to the buyers. There is abatement of 75 per cent on the service tax. Planning to buy your dream home? Read ET Real Estate Guide. Download Now NAREDCO President Navin Rajeja also said "the additional service tax impact on home … [Read more...] about Property prices to rise marginally on hike in service tax
Tax bill passed
While Veda Nilayam (her Poes Garden residence in Chennai), a commercial space at Parsn Manere at Anna Salai here and a residential property at Sri Nagar Colony in Hyderabad were attached way back in 2007, one more property on St. Marys Road in Chennai was attached in 2013 and the information was also passed on to the Registration Department. … [Read more...] about Jayalalithaa declared only four properties as her assets, I-T department tells HC
Technology and innovation, Naidu said, would provide solutions to any problem faced by the human society. He added, if the TDP was able to overcome limitations of social distancing during Covid-19 mandated lockdown, it was due to the early steps that the party took towards digital socialisation. “Digital Mahanadu 2020 is also a part of this initiative,” he said. … [Read more...] about Chandrababu Naidu’s Mahanadu conclave attended by 25,000, address via Zoom
HOW MUCH MORE DELAY SHOULD THEY ENDURE? Even as Ahmedabad Mirror continues to report about delayed testing of patients for Covid, 92-yr-old Shantaben Shah who was admitted to a Covid-19 special hospital on May 23 breathed her last on Wednesday. Govt’s approval for her Covid test is still pending Four days into waiting to get tested for Covid-19, a 92-year-old woman passed away at a private hospital on Wednesday following cardiorespiratory arrest. Deceased Shantaben Shah had developed breathlessness and fever on May 21 and was admitted to Covid-19 special hospital near Income Tax on May 23. The Sola resident was put on oxygen support upon admission. Her son Vijaybhai, who has been admitted to another private hospital on SG Road with Covid-19-like symptoms, could not perform her last rites. He too is awaiting Covid-19 test for the past six days. The family is angry with the government for its insensitivity and irresponsible behaviour towards patients seeking Covid-19 test. They … [Read more...] about Dear Guj govt, when will you please, please, please test patients for Covid?
The Punjab and Haryana high court on Wednesday issued a notice to the Haryana government over a plea from private schools challenging the state’s move to not allow them to collect enhanced fee and other funds from students for academic session 2020-21 in view of Covid-19 outbreak. … [Read more...] about School fee: HC issues notice to Haryana govt