The Union Budget presented by Finance Minister Arun Jaitley on Monday has left big smile on the faces of first time home buyers by giving them an additional tax exemption of INR 50,000 for housing loans upto INR 35 lacs. Also, the removal of a tax hurdle in the way of REIT’s (Real Estate Investment… Read More »
Real Estate Investment Trusts (REITs) are likely to become a reality in India soon, with the removal of Dividend Distribution Tax. This move is expected to offer commercial developers a liquidity option and retail investors an opportunity to participate in office realty market’s growth. As of now, the dividend distribution tax (DDT) was chargeable at… Read More »
TCS and Wipro praised FM Arun Jaitley on Monday for Digital India plans and extending tax benefit to export units under SEZ scheme till 2020 in his budget for 2016-17. Tata Consultancy Services (TCS) chief executive N. Chandrasekaran commented that FM has delivered a fiscally responsible budget. He gave it a rating of 8/10. Jaitley presented that the benefit of section 10AA… Read More »
