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Quick Answers To Some Frequently Asked Questions AboPlanning to borrow capital to invest in property? We answer some of the frequently asked questions on the subject.
Purvanchal Expressway Moves A Step Closer To RealityThe Uttar Pradesh government has approved various proposals submitted by shortlisted builders for different packages of the expressway. These projects will be implemented in engineering, procurement and construction (EPC) model. The expressway will be constructed between capital Lucknow and Ghazipur connecting interior and semi-developed towns of the state.
Indian Cities That Are Free From Air PollutionA recent report published by Greenpeace India listed 280 Indian cities ranked according to their particulate matter (PM10) levels. Among many cities in north India which have dangerously high PM10 levels, the national capital was at the top spot. Hassan in Karnataka has consistently appeared among the least polluted cities in India with a PM10 level of 26 microgram per cubic metre (µg/m3). Few cities in Kerala, Telangana, Tamil Nadu, Odisha, West Bengal, Meghalaya and Chhattisgarh managed to scrape through with PM10 levels lower than the annual permissible concentration of 60 µg/m3 set under the National Ambient Air Quality Standards (NAAQS).
Centre Plans Strengthening North-East Region With EnThe Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.
What The Law Says About Taxation Of A Private TrustPrivate trusts are effective tools for estate planning and succession of property. The income generated out of a private trust is taxed based on the structure. That is, for a specific trust where individual shares are specified, the tax is recovered as per the rate applicable to the total income of the beneficiary. In a discretionary trust, where the individual shares are not known, they are assessed in the hand of the trustees as per the tax bracket under which they fall. Tax on the business income of a trust is charged on the maximum marginal rate.