How Will The New Remittance Law Impact Indian Real Estate Sector?
New remittance law will be in place from July 1, 2023 https://timesproperty.com/news/post/rising-demand-and-new-launches-fuel-thanes-real-estate-blid4772?offset=1
Indian Taxation
Understanding the tax implications on sale of property
When calculating capital gains on the sale of an immovable property, one crucial factor to consider is the cost of acquisition, which includes expenses of a capital nature incurred in connection with the purchase or completion of the property’s title https://www.moneycontrol.com/news/business/real-estate/understanding-the-tax-implications-on-sale-of-property-10885221.html
Indians may rush sending money overseas in coming months before higher TCS rates kicks in
Bankers anticipate a surge in LRS remittances before the new TCS rate is implemented, as some people may prefer to send their remittances before the new tax structure takes effect on July 1. https://bfsi.economictimes.indiatimes.com/news/industry/indians-may-rush-sending-money-overseas-in-coming-months-before-higher-tcs-rate-kicks-in/97979543