sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Relaxation of tax structure sought
June, 26th 2015

Professionals in the construction sector fear that ‘Housing for All’ may fizzle out like ‘Affordable Housing’ which never took off in Mysuru due to various factors. Besides a higher Floor Area Ratio (FAR) and low land cost the builders have pointed out that taxation is an important component in housing.

According to the Builders Association of India, service tax in the State was 14 per cent while VAT attracted another 14.5 percent. In addition there was labour cess, registration charges and stamp duty all of which adds to cost per unit and is passed on to the buyers. “Tax in various forms accounts for about 35 per cent of the unit cost which are passed on to the buyers,” said Ravindra Bhat, Chairman, BAI, Karnataka. The government failed to reduce the tax structure besides failing to provide land at affordable rates, he added.

Though BAI and other stakeholders sought a higher FAR in the Mysuru Master Plan it was denied but the government now proposed to revise it or rework it. NGOs has cautioned the authorities against permitting high-rise buildings in the existing localities earmarked for individual row houses as the civic infrastructure cannot cope with additional load.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions