Today news
About the same in other media
'Taxes in real estate not high compared to all subsidies': Deepak Shenoy counters broker's queries to FM on high taxes
Reading now: 863
Also Read: Worried broker queries FM Nirmala Sitharaman about high taxes in share market, real estate. She replies… Shenoy, who is the CEO of SEBI-registered portfolio management service (PMS) Capitalmind.in explains that one can offset long term capital gains in anything by buying a house.
According to Shenoy, here's how the taxes in the sector are not large: -The stamp duty and GST are effectively your "cost" of the house and when you sell the house, you only pay tax on the profit after you deduct these charges. - You get the lowest interest rates on housing loans because for a silly reason the government wants to promote that versus actual businesses that give jobs.
Read more on livemint.comAbout this in other media
Real Estate News: Shahid Kapoor spends ₹60.41 crore to buy another posh apartment in Mumbai livemint.com /1 month ago
Wall Street’s high-momentum rally has bearish trades cratering fast financialpost.com /1 month ago
Bearish trades crater fast in Wall Street’s high-momentum rally economictimes.indiatimes.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
