[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.
Mumbai: Several real estate and infrastructure companies may end up paying additional tax
on their return on investments since April last year after the government plugged a loophole
in the Budget.
Many companies would form a partnership firm and buy assets such as land parcels through
the partnership vehicle.
After these assets appreciated, they would bring in a new partner and old partners would
exit or retire from the partnership after taking back their ¡®appreciated capital¡¯.
Read more at:
https://economictimes.indiatimes.com/news/economy/policy/tax-on-partnership-firms-budget-change-to-put-real-estate-infrastructure-consultancy-firms-in-a-fix/articleshow/80779879.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst