Tag Archives: Capital Gains

Income Tax Dept To Scan Realty Deals For Evasion

June 30, 2008 – 12:52 am

If you bought or sold a house or a plot for more than Rs 30 lakh, then expect a knock from tax hounds. Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property.
Realty deal whose value is more than [...]

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Realty sector seeks tax breaks on REITs in line with MFs

February 28, 2008 – 4:47 am

Realty sector hopes that Finance Minister P Chidambaram will provide tax breaks on REITs in line with the Mutual Funds while he unveils the Union Budget on February 29.
Market regulator SEBI has already come out with a draft guideline to allow Real Estate Investment Trusts (REITs), but there was no mention on the tax breaks [...]

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Facts About Taxable Income

January 28, 2008 – 5:53 am

Income is very broad term. If we talk about salaried person, the payment and facilities he or she received is said as his or her income. In case of businessman, the net profits will constitute income. Dividend, Commission and Interest etc are also called income. In Income tax act, income is [...]

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