Deepak Parekh: Increase in rates unlikely to reduce demand for homes: Parekh

[ad_1] Mumbai: property developers Housing Development Finance Corp. (Housing Development Finance Corp.)HDFC) President Deepak Parekh said in his address to shareholders, Reiterating the growth potential of India’s housing market, Parekh said, “There has been consolidation and cleansing in the Indian real estate sector. Weak players have been pushed out of the market.” “The recent new launches have been by strong, reputed developers and this means that home buyers too have the confidence to play safe and choose under-construction properties once again instead of prioritizing just completed projects.” The interest rate…

Income Tax Assessment of Private Hospitals, Nursing Homes

[ad_1] Income tax assessment issues of private hospitals, nursing homes etc. Auditing requirement for private hospitals, nursing homes etc. When the total income of an entity for the previous year exceeds the maximum amount not chargeable to income-tax in respect of the following entities (irrespective of the exemptions available under the provisions referred to against such entity), the entity’s Must have his accounts audited in Form 10BB. Section 10(23C) refers to (via) hospitals and other medical institutions (other than those sponsored wholly or substantially by the Government or having an…