Higher Taxes on Property Buyers/Sellers as per New Government Plans
- Realestate
- May 29, 2023
In a major reversal, the government has eased restrictions on non-filers, allowing them to make high-value purchases under revised conditions. Originally, the Finance Bill 2025 proposed strict bans preventing anyone with undeclared income from buying homes, cars, or making large investments. But after facing political and public pressure, the government has now scaled back the
READ MOREWelcome to Elk River, a premier gated community with its own private airport. An array of luxury real estate options awaits. From charming cottages to grand estate homes, there’s a perfect haven for everyone. Each residence offers awe-inspiring views of mountains, lakes, fairways, and more. Embrace an active lifestyle at Elk River Club, situated at
READ MOREThe government is considering implementing increased taxes on non-filers involved in the buying and selling of immovable properties, including trading files of plots in private housing societies. A move clearly aimed to document such transactions and prevent tax avoidance practices. Currently, private housing schemes often evade withholding taxes by conducting file transfers without paying taxes.
READ MORE