The realty sector has out forth its demand for the upcoming budget to include incentives, such as the introduction of slab-wise taxation, for home buyers in order to boost the sector which has been under pressure for the past two year due to sluggish demand. The sector is also asking for higher exemption for buyers.
With the Budget making exercise in progress, the finance ministry has been considering several avenues of raising revenues keeping in view the expenditure it wants of recur.
Finance Minister P Chidambaram has promised stable taxation rates, more reforms, and committed to fiscal rectitude at all costs, allaying concerns about tax shocks and offering a peek into priorities that will shape next month's budget.
Aiming towards development of corporate bond market, insurance companies are most likely to be allowed to invest for a shorter period in infrastructure bonds. Also, these firms, along with mutual funds, may be permitted to act as market makers in the bond market.
A high-level committee under the chairmanship of Dr Rakesh Mohan has set up by the government to recommend measures to attract investment for financing infrastructure during the 12th Five Year Plan.
A pioneer in the field of manufacturing Polyethylene-Aluminium-Polyethylene (PE-AL-PE) multilayer composite pipes, KiTEC Industries (India) Ltd has made its mark in the business of manufacturing world-class plumbing products. Starting off in 1996, the company achieved great success with a strategy of steady progress and the aim to deliver the best products and services.
While speaking at the inauguration of the Direct Taxes Regional Training Institute (DTRTI) complex on Sunday, Pranab Mukherjee, Finance Minister, pitched for developing expertise in global taxation, reports Business Line.
Real estate developers in the country see no solution emerging anytime soon for the plethora of administrative, taxation and regulatory problems they have been facing for the past many years.