The indexation benefit offered to property sellers earlier led to major tax savings but that may not be possible for properties bought after 2001, say experts …
India’s attention to preservation of heritage enters new dimension: Amb Sharma on WHC session
India’s recent past has been full of confidence in consonance with ‘Vikas Bhi, Virasat Bhi’ and the country’s attention to preservation and conservation of its rich cultural heritage has “entered a …
Will the new rules reduce the tax on the sale of property? Ghulam Zia weighs in
According to Gulam Zia, Senior Executive Director of Knight Frank India, the property market does not witness a 10% price rise every 4-5 years. He is not convinced that the property price growth has …
China pledges tax reform. That is a big deal for this socialist country.
Senior officials in Beijing say they plan to share more tax revenue with local governments and expand tax revenue sources.
China’s slump hints at a unique liquidity trap
China is awash with money and its growth is slowing. To avert a prolonged stagnation, President Xi Jinping’s administration may need to spend its way out of the problem. Yet this and other classic …
Indexation benefit removed: What is indexation benefit on selling property, how is it calculated, what has changed
In the past, people in India had the option to use ‘indexation benefit’ to reduce the tax on the profit made from selling a property. This benefit enabled the difference between the purchase and sale …
Breaking down the ‘Indexation’ puzzle and how it impacts old property sales
Indexation is a method that adjusts the purchase price of an asset, such as property, to account for inflation over time.
GT Voice: India’s ability to draw Chinese capital a litmus test for growth
India seems to be changing its stance to attract more Chinese investment, but the success of this policy adjustment hinges on whether India still sees China as a strategic rival in geopolitics and …
Bangladesh crawls back to normalcy after violent clashes that killed nearly 200 people
Most of the country remained without internet, but thousands of cars were on the streets of the capital after authorities relaxed a curfew for seven hours.
FBR to bring property valuations closer to market rates
New rates to be finalised in over 50 cities; property values expected to rise from 75pc to 90pc of estimated market rates.