The government has argued that despite the removal of indexation, the overall tax burden on property sales would decrease due to the lowered LTCG tax
Seasoned investors usually buy property units for rental incomes and long-term capital gain, while retail investors can invest through REIT platforms
NDMC is reported to have collected Rs 190 crore as property tax till June 30. It received Rs 32 crore in a single day on June 30
In February this year, the Delhi government had announced that the circle rates related to residential, commercial, and industrial properties in Delhi
The App will provide an easy, hassle-free platform for payers of property tax during the pandemic.
Both, the buyer and the seller have to bear the burden of taxes on an individual level