FLAT/APARTMENT BUYERS/PURCHASERS – VAT AND SERVICE TAX PAID BY YOU HAS BEEN DEPOSITED WITH THE GOVT


THE HONEST AND GENUINE BUYERS OF APARTMENTS/FLATS WILL BE IN FOR ROYAL JOLT, IF THEY CHECK THE CREDENTIAL OF THE BUILDERS/DEVELOPERS REGARDING TAX COMPLIANCE. MAJORITY ARE TAX EVADERS AND IF FOUND OUT, THEY WILL ELIMINATE THE OFFICER AS THEY DID TO LATE.D.K.RAVI.  IT IS THE LAND/BUILDERS MAFIA. THEY MUST BE INVESTIGATED BY THE COMMERCIAL TAX … Continue reading FLAT/APARTMENT BUYERS/PURCHASERS – VAT AND SERVICE TAX PAID BY YOU HAS BEEN DEPOSITED WITH THE GOVT

REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE


POLITICALLY POWERFUL REALTOR GROUP, WHICH ACQUIRED HUGE STRETCH OF PROPERTIES, EVER SINCE, THE ARRIVAL OF NEW GOVERNMENT IN THE STATE IS UNDER THE SCANNER OF ENFORCEMENT DIRECTORATE AND SCRUTINY BY THE INCOME TAX DEPARTMENT. THE AGENTS, DIRECTORS, SELLERS AND BUYERS ARE IN THE NET. IT IS SAID THAT THE CATCH WILL BE HUGE WITH LOTS … Continue reading REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE

HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY


RBI HAS DIRECTED ALL THE BANKS NOT TO OVER VALUE THE PROPERTIES WHICH INCLUDES STAMP DUTY, REGISTRATION FEE, SERVICE TAX, VAT AND OTHER ADDITIONS, WHILE PROCESSING THE HOME LOANS, AS THE REGULATOR RECEIVED COMPLAINTS OF SUCH DISCREPANCIES BY SOME OF THE BANKS. THE INCOME TAX DEPARTMENT IS EXAMINING THE HOME LOANS APPLICATIONS AND SANCTIONS AS … Continue reading HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY

INTEREST RATE HIKE


AMONG OTHER FISCAL MEASURES TO CONTAIN THE EVER INCREASING AND UNCONTROLLED INFLATION, THE GOVERNMENT AND THE RBI PROPOSE TO INCREASE THE INTEREST RATES, HOPING THAT THIS MOVE WILL HALT THE GALLOPING TREND, SO FAR, ALL THE ECONOMICAL MEASURES FAILED TO CONTAIN THE PACE OF INFLATION. HOME LOAN INTEREST MIGHT REACH UP TO 12% BY DECEMBER, … Continue reading INTEREST RATE HIKE

RBI TIGHTENS THE SCREWS ON LENDING


There has been a substantial increase in bad loans and this is primarily because public sector banks have been very lenient on willful defaulters and on real estate sectors. The Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit appraisal procedure. The RBI has asked banks to remain cautious in the wake of a higher-than-expected … Continue reading RBI TIGHTENS THE SCREWS ON LENDING

INTEREST RATE HIKE IS ON THE CARDS AGAIN


The Reserve Bank of India (RBI) has raised the policy rate (the repo rate) eleven times by a cumulative 325 basis points (bps) since October 2009 and proposes to increase it again to contain the heated inflation rate. The increase in the Base Rates/Benchmark Prime Lending Rates (BPLRs) of banks, consequent upon increase in policy rate by the RBI, … Continue reading INTEREST RATE HIKE IS ON THE CARDS AGAIN

Interest rate hike on cards again-RBI


The Reserve Bank today said the option of going for another round of rate hike at its next mid-quarterly policy review in September do exist as inflationary pressure continues in the economy. The present inflation rating is between 9% and 11% and It is further said the short-term target is to bring down headline inflation … Continue reading Interest rate hike on cards again-RBI

INTEREST RATE HIKE-RBI


THE RESERVE BANK OF INDIA MIGHT INCREASE THE REPO RATE AND THE LENDING RATES OF THE BANKS WILL ALSO GO UP. The rate increase is its eleventh since March 2010, making the RBI one of the most aggressive inflation fighters among central banks. This has taken the market by surprise as most analysts expected the … Continue reading INTEREST RATE HIKE-RBI

HOME LOANS AND RBI DIRECTIONS


Banks Can Give up to 90 Percent on Home Loans not exceeding Rs. Rs 20 Lakh The RBI has empowered the Banks to give up to 90 per cent of the value of the property in case of small value home loans up to Rs 20 lakh. But in case of loans above Rs 20 … Continue reading HOME LOANS AND RBI DIRECTIONS