Just wondering what would be the impact on property buying prices if government increases withholding tax on property buyers in the upcoming budget? Further, the government may increase the DC rate on which properties are being transferred? What would be expected impact of these on the sale / purchase price.
KB UK replied on Friday, May 22, 2015 12:05 PM
Yaar advice for Phase9 plots holders dont worry, do not listen to anyone one day take my words Phase 9 prices will fly and will be out of reach of common person. What I am saying I mean it. Yahan sub anari khelari banay huay hain. |
bubba replied on Friday, May 22, 2015 12:20 PM
Yes, JMN the right thing to do is not talk about such issues, burry your head in the sand. That will really make it good for you and the investors. |
Jameel replied on Friday, May 22, 2015 12:25 PM
Aamir, would you tell the detail of this new Tax are U referring to Advanced Income Tax for Transaction above 30 Lac.
I think Govt already have imposed o many taxes of real estate, in 2007 when I Bought first time there was no stamp Tax and CVT was not payable even if plot si 1 merla less than Kanal. No advanced income tax. i think at this stage Govt need to decrease the taxes to support real estate industry. |
Aamir replied on Friday, May 22, 2015 12:32 PM
Loved the comments and especially diversity of comments. By the way there was a news item in today's Daily Tribune. However, remain calm!!! |
