Cover Story Jul 01, 2017 All sectors will benefit with the new GST regime owing to seamless flow of input tax credit The GST regime has many provisions to address the concerns of medium and small enterprises and small entrepreneurs.The law provides for an exemption threshold whereby it is not mandatory for a business whose aggregate turnover in a financial year is less than Rs 20 lakh (Rs 10 lakh for special category states) to register.
Cover Story Jul 01, 2017 Over to the Industry! The main problem is that our rates of EPC are fixed while the government has proposed a slab of 18 per cent for EPC contracting, which is high. Thus, despite taking input credit, we will be affected by about 10-12 per cent.
Current Affairs Jun 01, 2017 Underground section of Chennai Metro Rail Project (Phase-I) inaugurated Last month, the underground section of Chennai Metro Rail Project (Phase-I) was inaugurated, heralding a new era of sustainable transport in the city.
Web Exclusive Feb 06, 2017 The proposal to extend the completion period of building of houses from the present three years to five years is logical and commonsensical The Union Budget announced is a pro-growth budget and a step in the right direction. We, at Sobha, welcome it whole-heartedly. The focus on affordable housing is laudable, as it has been accorded the infrastructure status, which will have many ripple effects.
Web Exclusive Feb 02, 2017 The Budget did not address crucial aspects like SEZ policy or provide any further tax relief for SEZ The Union Budget 2017-18 was announced with the theme of Transform, Energise and Clean India (TEC), was largely geared towards rural growth, infrastructure, and poverty alleviation, with a huge impetus to affordable housing. The thrust on affordable housing renews the government’s vision of ‘Housing for All by 2022’, giving a cheer for the housing segment.
Web Exclusive Feb 02, 2017 Neglected areas are increase of tax exemption in interest, ease of finance to industry and speedy approvals that would benefit the real estate sector Overall, the 2017 Union Budget is a good budget in general but mixed for real estate industry, which was looking for more from this budget.
Web Exclusive Feb 01, 2017 One of the major change is that the holding period for capital gains tax for immovable property is now reduced from three years to two years One of the major change is that the holding period for capital gains tax for immovable property is now reduced from three years to two years
Guest Article Sep 01, 2016 The GST Impact Power Road Ports Railways and More... The Goods and Services Tax (GST) is set to replace most of India´s indirect tax system and the impact will be felt across sectors. The GST Bill could boost the infrastructure segment owing to two provisions
Web Exclusive Aug 17, 2016 Transparency in real estate with ban on cash transactions above Rs 3 lakh The real estate industry will be pressurised to be more transparent, with a Supreme Court-constituted special investigation team (SIT) recommending a ban on cash transactions above Rs 3 lakh. SIT has also suggested capping the cash holdings of companies and individuals at Rs15 lakh. A large chunk of black money in India is invested in real estate and bullion.