US based PE giant Blackstone, and Bengaluru-based developer-investor RMZ Corp could be the first ones roll out their real estate investment trust (REIT), after the FM cleared the final barrier on DDT (dividend distribution tax) in such bodies. REITs are comparable to mutual funds, and can be listed and traded on stock exchanges. A majority… Read More »
Real Estate Investment Trusts (REITs) are likely to become a reality in India soon, with the removal of Dividend Distribution Tax. This move is expected to offer commercial developers a liquidity option and retail investors an opportunity to participate in office realty market’s growth. As of now, the dividend distribution tax (DDT) was chargeable at… Read More »
TCS and Wipro praised FM Arun Jaitley on Monday for Digital India plans and extending tax benefit to export units under SEZ scheme till 2020 in his budget for 2016-17. Tata Consultancy Services (TCS) chief executive N. Chandrasekaran commented that FM has delivered a fiscally responsible budget. He gave it a rating of 8/10. Jaitley presented that the benefit of section 10AA… Read More »
The Gujarat High Court issued notice to GIFT city, coming up in Gandhinagar on a public interest litigation (PIL) alleging administrative and financial irregularities. The petition was registered on December 18, 2015. The division bench of Chief Justice R Subhash Reddy and Justice Anant S Dave have kept the further hearing on March 15. Petitioner… Read More »
