One thing Armstrong Williams, an American political commentator, likes to tell everyone is, learn about real estate. “Repeat after me: real estate provides the highest returns, the greatest values and the least risk,” urges a quote of his in www.brainyquote.com.
But one more thing that real estate involves is the tax aspect. “Intriguing issues crop up with the upsurge in real estate transactions, even as the lawmakers keep on inserting new provisions in the tax laws coupled with differing legal pronouncements on the subject of capital gains,” says Mr R. Bupathy, a Chennai-based chartered accountant and a veteran tax expert who, not long ago, headed the ICAI (Institute of Chartered Accountants of India).
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