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2014

Importance Real Estate Sector in the India Economy

Some Facts

  • Nearly 30% of the country’s population is living in cities and urban areas and this figure is projected to reach 50% in 2030 based on which the present urban housing shortage is 1.87 crore units.
  • Overall housing shortage is of almost 6.3 crore units and the demand for houses are expected to increase by another 2.63 crore units in the next 3 years due to population growth at the current rate of growth.

2014

Its worth to take advice…why!!!…Checkout points mentioned below…

  • There are many things you need to consider before buying a house and applying for a home loan. Here are some points you should consider before taking the taking a home loan.

2014
A saint asked his disciples, Why do we shout in anger? Why do people shout at each other when they are upset?
Disciples thought for a while, one of them said, Because we lose our calmness, we shout for that.
But, why to shout when the other person is just next to you? asked the saint. Isn’t it possible to speak to him or her with a soft voice? Why do you shout at a person when you’re angry?

2014

Q 1. What is tax deducted at source?

  • For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called as Tax Deducted at Source, commonly known as TDS. Under this system tax is deducted at the origin of the income. Tax is deducted by the payer and the same is directly remitted to the Government by the payer on behalf of the payee.
  • The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments made by him and he has to deposit the tax deducted by him to the credit of the Government.
  • The following illustration will explain the TDS mechanism.

2014

A (An)

  • A and AN are called indefinite articles.
  • Indefinite means not specific.
  • Use A(AN) when you are talking about a thing in general, NOT a specific thing.

Examples:

  • I need a phone. Not a specific phone, any phone.
  • Use A(AN) when talking about a thing which is new, unknown, or introduced to a listener for the first time.
  • Also use A(AN) when you are asking about the existence of something.

Examples:

  • I have a car. The car is being introduced for the first time.
  • Similarly, use A(AN) to introduce what type of thing we are talking about.

2014

Participatory Notes

  • Foreign Investments in India can broadly be classified into two categories :
    • Foreign Direct Investment (FDI) and
    • investment made by Foreign Institutional Investors (FIIS).
  • However, there are number of restrictions in place which makes it difficult for foreign money to enter Indian markets and hence many investors prefer P-Note route to park their money in India.

Financial Management