General Trading Chat

[Happy_Singh]

?? Judicial activism ?? No, sounds like common sense to me.

Ban purchase of more than 1 house: Madras HC
TNN | Feb 5, 2020, 08.22 AM IST
https://timesofindia.indiatimes.com...an-1-house-madras-hc/articleshow/73949353.cms

But is against the principle of free market.

Right, and while we are at it, why not restrict the size to 287 Sq feet per person in a house hold . . .

and everyone having more should be put into Jail


.

 

[Maccy]

But is against the principle of free market.

exactly my thoughts

 

[timepass]

Interesting article this. Seems like the allowed deductions under the new IT regime are mostly for the salaried class.

From old income tax regime to new: What deductions you would lose and what would still be available?

https://www.financialexpress.com/mo...se-and-what-would-still-be-available/1855860/

"
So, the following major deductions that would still be available for individuals under the new income tax regime:

1. Sec 10(6)- Remuneration received as an official, by whatever name called, of an Embassy, High Commission etc.
2. Sec 10(7)- Allowances or perquisites paid or allowed as such outside India by the Government to a citizen of India for rendering services outside India
3. Sec 10(10)- Death–cum-retirement gratuity received
4. Sec 10(10A)- Commuted value of pension received
5. Sec 10(10AA)- Earned leave encashment on retirement
6. Sec 10(10B)(i)- Retrenchment Compensation received in respect of schemes not approved
7. Sec 10(10B)(ii)- Retrenchment Compensation received in respect of approved scheme
8. Sec 10(10C)- Amount received/receivable on voluntary retirement or termination of service
9. Sec 10(10CC)- Tax paid by employer on non-monetary perquisite
10. Sec 24- Interest on Home Loan on rented out properties only
11. Sec 80CCD(2)- Contribution of employer to pension scheme of Central Government (NPS and EPF)"

 

[moneymanager1980]

?? Judicial activism ?? No, sounds like common sense to me.

Ban purchase of more than 1 house: Madras HC
TNN | Feb 5, 2020, 08.22 AM IST
https://timesofindia.indiatimes.com...an-1-house-madras-hc/articleshow/73949353.cms

But is against the principle of free market.

Really .. seems good news .. if some one wish to built their wealth let them invest in factories etc .. this will help for less affordable persons to get house ..

 

[timepass]

Really .. seems good news .. if some one wish to built their wealth let them invest in factories etc ..

Good idea

 

[traderhardrock]

Really .. seems good news .. if some one wish to built their wealth let them invest in factories etc .. this will help for less affordable persons to get house ..

and you think that running a factory (even a small one) is easy.

btw, what is the problem in building more houses or even affordable houses
are we short of land, bricks, cement, iron and other building material.
if yes, then we cant even build new factories.

 

[moneymanager1980]

and you think that running a factory (even a small one) is easy.

btw, what is the problem in building more houses or even affordable houses
are we short of land, bricks, cement, iron and other building material.
if yes, then we cant even build new factories.

no need to buy a complete hotel or factory .. even now there are ways to buy a part ..
but when law is the for one house per person it will kill competition and bring down the housing price ..

 

[timepass]

A group of home buyers can join to start a factory.

Building a house creates as much economic activity as starting a factory. But after the construction is complete, it does not generate much employment or turnover, as a factory does.

 

[timepass]

RBI Policy :

No change in the rates.

Now wait for the presser.

 

[timepass]

Temporary uptick in inflation and downtick in GDP seen till the end of 2020.

Some good news for real estate, regarding NPAs. Auto, housing and MSME loans get some relief in rates.