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Delhi Grapples Amid Redevelopment, Pollution; EnviroA recent decision by the Delhi government, where the Forest Department had allowed the felling of about 17,000 full-grown trees as part of the redevelopment of central government housing projects in south Delhi, has sparked protests from citizens, activists and environmentalists. Although the Ministry of Housing and Urban Affairs (MoHUA) has stated that ‘compensatory plantation’ of trees is being carried out in a ratio of 1:10, many environmentalists are not convinced as the saplings planted at a different location cannot substitute the huge tree cover which would be cleared away.
Go Solar And Cut Down Your Electricity Bills By 95%,A report by the Council on Energy, Environment and Water (CEEW), residents who install a rooftop solar system and use it can save up to 95 per cent on their electricity bills. However, those who buy power from a community solar plant could save up to 35 per cent on their electricity bills.
Green Homes: Light On Pocket, Easy On EnvironmentDoes the concept of green homes has a place in a price-sensitive market such as India? Both buyers and developers are asking for more incentives to help build sustainable developments.
Health Dept To Levy Fine On Noida Developers FailingAfter the Noida authorities, in April, advised homebuyers and tenants in the city to make sure they do not live in units that are mosquito infected, the health department of Gautam Budh Nagar has come out with a directive for all gated communities, offices and hospitals to inspect the properties for presence of mosquitos. These structures, after the check, will have to issue an undertaking stating they would take action to prevent mosquito breeding sites.
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.