The Indian government plans to charge a service tax on sale of homes Indian real estate under construction. This will have a major impact and will raise costs for buyers. (more…)

A property owner may earn different types of incomes from his Indian property . This depends on the nature of the property and the purpose of its holding according to Ashish Gupta, ETBureau. Broadly, a property may either be residential or commercial. (more…)

The Delhi High Court in India has pronounced its judgement with regard to several writ petitions which had challenged the applicability of the levy of service tax on renting of immovable property. (more…)

The Indian revenue department have completed a u-turn on its proposed reform of Indian property stamp duty announced over a month ago.

The Congress minister Patangrao Kadam, has dropped the plan after the revenue department studied the pros and cons of the proposal which sought to change the “ready reckoner” rates and move to a more sophisticated system. (more…)

The age-old system of charging stamp duty on property in India based on the “ready reckoner” will be obsolete in a matter of months according a report by the Times of India.

Instead of this system the inspector-general of stamps and registration has proposed a draft where the value of a property will now be calculated using a number of different criteria. (more…)