In a notification released on Saturday, the department confirmed that apartments completed before Feb 25, 2017, remain eligible for registration under the current Act.
In a notification released on Saturday, the department confirmed that apartments completed before Feb 25, 2017, remain eligible for registration under the current Act.
Mumbai city (area under Brihanmumbai Municipal Corporation's jurisdiction) in January recorded 12,249 property registrations, the highest January count in 13 years, real estate consultant Knight Frank India said in a statement.
Real estate experts expects the introduction of a national guidance framework for global capability centres to boost the commercial real estate sector in tier-II and tier-III cities as well.
This will reduce the number of transactions liable to TDS, thus benefitting small taxpayers receiving small payments, the finance minister added.
The Embassy Group-promoted firm's IPO is entirely an Offer for Sale (OFS) of equity shares of up to 4.37 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Friday.
This will reduce the number of transactions liable to TDS, thus benefitting small taxpayers receiving small payments, the finance minister added.
Khatas are official registers maintained by local bodies to collect property tax. Properties that are authorised are handed A khatas, with owners receiving a document certifying the property's legitimacy. But unauthorised properties have long remained outside the tax system.
Mumbai city (area under Brihanmumbai Municipal Corporation's jurisdiction) in January recorded 12,249 property registrations, the highest January count in 13 years, real estate consultant Knight Frank India said in a statement.
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