Results for #expected

Purchase & Sales #property#prices#expected#mumbai
Is there any reduction in property prices expected in Mumbai?
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Rachanaa Group  

129 Answered

Answered on November 08, 2017
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    • a) Not till the outskirts of Mumbai city is fully developed like in advanced countries; b) Poor logistics and infrastructure developement is also one of the key reasons for No Reduction in property prices.
    Purchase & Sales #residential#property#mumbai#view#purchase
    I wish to buy a residential property in Mumbai purely from an investment point of view. Is this the right time to make such a purchase or is the market expected to plummet soon?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • Mumbai real estate prices historically have increased at the rate of 15-18% annually over the last 50 odd years. Reasons for the same have already been answered in another question in the same category.
    Taxes & Duties #flat#mhada#mumbai#possession#expected
    My wife won a flat in a lottery by MHADA in Mumbai. This was in 05/2012. The possession is expected to be given to us soon, 95% of the payment is done. My questions is that will the TDS @1% be applicable after the final payment or otherwise?
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    Harsh Bhuta, Chartered Accountant  

    37 Answered

    Answered on November 08, 2017
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    • As per section 194IA of Income Tax Act, the transferee is required to deduct TDS @ 1% at the time of credit of sum to the account of the transferor or at the time of payment of such sum if the total consideration is 50 lakhs or above. The said section was introduced w.e.f 1st June, 2013. Accordingly any payment made by you on or after 1st June, 2013 and if your purchase consideration is more th...
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