Income Tax Act - India Real Estate Monitor

Tag Archives: Income Tax Act

RBI nod to foreign VCs, but sectors limited to 10

December 23, 2008 – 2:15 am

The Reserve Bank of India recently started approving applications from foreign venture capital investors (FVCI) that were kept on hold for a considerable period of time. While this led to some excitement among the applicants, it was short-lived.
In what has surprised the venture capital firms, the approval letters issued by RBI to FVCIs provide for [...]

By rajani | Posted in Property News | Also tagged Approval Letters, Bank Of India, Biotechnology Information, Chemical Entities, Employment Generation, Favorable Investment Environment, Foreign Direct Investment, Generation Capabilities, Growth Phase, Innovation And Technology, Investing In Real Estate, Poultry Industry, Real Estate Sector, Reserve Bank Of India, Unnecessary Obstacles, Vc Funds, Venture Capital Firms, Venture Capital Investors | Comments (2)

REMFs Having Problem Due To Unclear Tax Rule

July 21, 2008 – 4:54 am

At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment.
REMFs, which were touted as key instrument enabling retail investors to take part in [...]

By rajani | Posted in Property News | Also tagged Capital Gains Tax, Debt Funds, Direct Taxes, Dividend Distribution, Estate Assets, Exchange Board, Finance Ministry, Income Tax Act 1961, Mortgage Backed Securities, Mutual Funds, Real Estate Sector, Realty Companies, REMF, Retail Investors, SEBI, Tax Incentives | Comments (1)