’Taxes in real estate not high compared to all subsidies’: Deepak Shenoy counters broker’s queries to FM on high taxes
7 months, 1 week ago

’Taxes in real estate not high compared to all subsidies’: Deepak Shenoy counters broker’s queries to FM on high taxes

Live Mint  

Hours after a worried broker raised concerns about high taxes in share markets and real estate with finance minister Nirmala Sitharaman at a BSE event, Deepak Shenoy has lent a counter-view on the issue saying that ‘taxes are not high at all in real estate’. The market expert took to microblogging platform ‘X’ and said that he himself is not a big fan of large taxes, but the taxes in real estate are not large at all, compared to all the subsidies one gets in the sector. Shenoy went on to add that on goods and services tax, most of us pay a lot more for what we spend on; even haircuts have a 18 per cent GST. ‘’Meanwhile, real estate people are cribbing about five per cent GST and that too only on under-construction projects,'' he said.

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