Property News from IndianRealtyNews |  |
| Tightened Monitory Policy and Newly Imposed Service Tax Set to Boost Property Prices Posted: 27 Mar 2010 12:37 AM PDT Further monetary tightening by the Reserve Bank of India (RBI) and imposition of service tax on under-developed housing complexes, as proposed in the Budget 2010-11, will lead to increase in property prices, according to real estate companies. India’s central bank last week hiked two major policy rates - the repo rate and reverse repo rate [...] |
| Reddy to ask Finance Ministry to Review Service Tax on Housing Sector Posted: 27 Mar 2010 12:34 AM PDT S Jaipal Reddy, the urban development ministry will ask the finance ministry to review the proposal to bring the housing sector under the service tax net from April 1, 2010. "We will approach the finance minister in the next few days and ask him to review his decision of bringing housing under the service tax [...] |
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