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Mumbai May Soon Try Out Odd-Even ParkingThe traffic police department of Mumbai may soon launch the ‘odd-even parking system’ on a pilot basis in Kalbadevi market area in south Mumbai, aimed at solving parking problems and road congestion. Implemented in world cities such as New York, under the odd-even parking system the vehicle has to be parked on either side of the road depending on whether it is an odd-numbered or an even-numbered day of the month.
Fancy A Palace In France? Be Ready With $410 MnThe Villa Les Cèdres on the French Riviera is up for sale. What makes it special? This is right now the world’s most expensive property for sale at a whopping $410 million.
Popular Housing Schemes In IndiaFor a country like India where population and inflation have faded common man's dream of owning a home, few government-sponsored housing schemes are a big respite. The Central government in India is running a number of housing schemes to provide shelter and basic amenities to the homeless poor in urban and rural areas. Check out a few popular housing schemes and policies.
These Foreign Cities Turned Wastelands Into Urban LaEvery city has land that is completely abandoned turning it into a deliberate dumping ground. Imagine if these chunks of land is converted into something useful that not only adds to the urban landscape but also contribute to the society in different ways. MakaaniQ lists five such projects across the globe that have transformed wastelands or landfills into beautiful urban landscapes.
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.