Re­form Real Es­tate

The Economic Times - - The Edit Page -

This refers to ‘Bud­get’s Wel­come Boost for Real Es­tate’ (Feb 10). Post-de­mon­eti­sa­tion, the govern­ment must re­form real es­tate to stem the gen­er­a­tion of black money. High stamp du­ties and regis­tra­tion charges raise the scope for un­der­hand deals, and there­fore states must come on board to slash du­ties. Their con­cerns over rev­enue loss are not base­less, but the adop­tion of goods on ser­vices tax will make good any rev­enue loss. In­come-tax au­thor­i­ties should also keep con­tin­u­ous vigil through ran­dom scru­tiny.

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