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Real issues: Property Tax in Haryana A blow to business interests 
The recent imposition of property tax on commercial properties can tip the scales for
his recession-hit realty segmentThe Bhupinder Singh Hooda government may have kept populism in mind while coming out with a revised formula for the imposition of the property tax on the residential properties in the state. However, when it came to imposition of the property tax on the commercial and institutional buildings, purely economic reasons for minting money weighed heavily on its mind.
Ground Realty
Deal clinchers
Reality bites
Decor trends
Pick of the week
Monsoon proof your furniture
Tax tips
Loan zone
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Real issues: Property Tax in Haryana The recent imposition of property tax on commercial properties can tip the scales for this recession-hit realty segment
In fact, in a big blow to the large commercial buildings, including office complexes and shopping malls-cum-multiplexes, the amount of the property tax has in effect gone up from April 1, 2010 - when the property tax was discontinued. Despite the talk of providing incentives to the commercial building to boost trade and industry, the commercial segment is hard-hit. (see adjoining tables) “The imposition of the hefty property tax on commercial property would deal a death blow to the mall culture which is already passing through recessionary phase. It would have disastrous effects on the state's economy in the long run as the commercial ventures would move out from the state,” said Harish Gupta, a director with a Gurgaon-based company. A promoter of an educational institution in Ambala district alleged that the “lop-sided” formula to tax the institutions was a move of the state government to check the mushrooming of a large number of educational institutions in the state, particularly along the national and state highways. “The new rate are discriminatory and illogical and need to be rolled back immediately,” he demanded. On June 1, the Chief Minister announced that a nominal amount of Re 1 per sq yd will have to be paid as property tax on residential properties up to 250 sq yd. A majority of 83 per cent of residential properties in the state fall in this category. A senior government functionary conceded that a lion’s share of the proposed property tax would come from the commercial and institutional buildings. The notional property tax on the residential buildings has been imposed to get Central grants which had been blocked after the “suspension” of property tax on April 1, 2010. Grants amounting to over Rs 750 crore, particularly under the Jawaharlal Nehru National Urban Renewal Mission (JNNRUM), have been held up by the Centre as the flow of these grants is linked to urban reforms, including the imposition of the property tax. Since a large number of categories such as religious properties (only on real religious structures), orphanages, alms houses, municipal buildings, cremation and burial grounds, all residential buildings up to 250 sq yd owned by ex-servicemen or families of deceased soldiers and ex-central paramilitary forces personnel enjoy 100 per cent rebate, the government would only get a nominal amount from the residential sector. Similarly, non-RCC construction and properties more than 25 year old would get 25 per cent rebate. In case of self-occupied properties larger than 250 sq yd, 50 per cent concession would be given. There would be no property tax on a plot of one acre and above if used for cultivation.
Haryana vs Punjab and Chandigarh While Haryana has taken the lead in imposing property tax even on residential buildings, the fund-starved Punjab is yet to take a final call on the imposition of property tax on residential buildings. Even the “revenue-surplus” Union Territory of Chandigarh is yet to impose property tax on residential building though property tax on commercial buildings was imposed a few years back.
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Price index GREATER MOHALI
Kharar
AMAN CITY DESHMASH NAGAR(Chungian Road) GURU NANAK COLONY GURU TEG BAHADUR NAGAR SUNNY ENCLAVE SHIVJOT ENCLAVE WESTERN HOMES Mundi Kharar GILCO VALLEY GULMOHOR CITY GREEN ENCLAVE LIC COLONY MATA GUJRI ENCLAVE MODEL TOWN TDI CITY Please note: The prices are indicative only and may vary as per the plots size, approach road, location etc. Source: Nirmal Infrastructures
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Ground Realty A water-storage tank has to be essentially provided on the top of a house to receive and store water from the water source and then to supply it to various points in the bathrooms, kitchen, front and back courtyards and other locations. It is important to keep certain aspects related to water-storage tanks in mind while making its provision. Here are some important points: Choice of material Earlier, the water-storage tanks used to be built in brick masonry, plastered well from inside and outside and rounded off at joints to avoid any leakage. Such tanks are rarely built these days. The trend has now shifted to readymade polyethylene tanks. As a result, countless companies have started manufacturing and marketing polyethylene tanks. But one has to be careful while making a choice.
Desirable features The polyethylene tank should be seamless and manufactured in one mould. Above all, it should be made of food grade material. It should resist algae, fungi and bacteria and shouldn't lend any taste or odor to the water. In no case, should it cause any toxic effect on water. The tank shouldn't require any sort of maintenance after its erection in position. Its lid should have a proper locking arrangement. One should look for ISI marked water-storage tank. The ISI mark for such tanks is IS 12701.
Weight of the tank One should check the weight of the polyethylene tank. A 2,000-litre tank should have a minimum weight of 64 kg. A 1,000-litre tank shouldn't weigh less than 33 kg. A 1,500-litre tank should weigh 47 kg or more. In general, a water tank should weigh more than 3.2 kg per 100 litre capacity up to 3,000 litres. Thereafter, the weight of tank per 100 litre capacity increases and should be 3.6 kg or more.
Manufacturing features The house builder shouldn't entirely depend on the brand name of a water storage tank but should check certain manufacturing features himself. One feature to check is that the process used in manufacturing polyethylene tank is rotational moulding process, known in short as 'roto-moulding'. Secondly, certain percentage of carbon black should be available in the polyethylene being used for the tank to make the tank resist UV rays. The percentage of carbon black is kept around three per cent. The polyethylene used in tanks may be HDPE or LDPE or LLDPE. Mostly, LLDPE which means Linear Low Density Polyethylene is used by the manufacturers.
Layer system Tank manufacturing firms are marketing multi-layer tanks these days. Earlier, there used to be single layer tanks. These were followed by two layer and three layer tanks. Now, one can come across four, five and even seven layer tanks. It is difficult to check the number of layers in a tank. Manufacturers and sellers are unable to show these layers and one has to rely on their word. Often, they try to show different colours of layers near the rim of the tank. Thus, checking the thickness and weight of a tank is a more reliable way.
Thickness The wall thickness of tanks increases with the increase in their capacity. A 2,000-litre tank has a wall thickness of 8 mm or more. Wall thickness doesn't increase uniformly with increase in the capacity of tank. Minimum wall thickness of any tank should be 4.5 mm. Tanks of 1,000 to 1,800 litre capacity should have 7 mm or more thick walls. Tanks of 3,000 litre or more should have 10 to 11 mm thick walls.
Dimensions A water-storage tank can be circular or square in area and therefore, cylindrical or cubicle in shape. A rectangular tank may be provided if there are any space constraints on length or width side at the location of the tank. A circular tank is preferred by people as it has no corners. While choosing square tanks, a 1,200-litre tank may have length and breadth as 120 cm each while the height may be 1 metre so that a free board of about 15 cm is available in the tank. A 2,000-litre tank may have 140 cm length and breadth and a height of 120 cm. All tanks should have a free board of 15 cm or more.
Choosing capacity For domestic purposes in urban areas, a water requirement of 200 litres per head per day, including flushing system requirement, is considered sufficient. According to this figure, a 1,000-litre tank should be sufficient for a small family. However, general preference of people is for a 1,500 to 2,000 litre tank as people try to play safe when the tank is connected to municipal supply only.
Cost The rates of water-storage tanks are quoted in Rs per litre. As the manufacturers have succeeded in popularising the layer system, they quote different rates for different layered tanks. A single-layer tank costs around Rs 4.50 per litre, a two-layer tank costs Rs 5.75 per litre and a three-layer tank costs Rs 7.50 per litre.
The pipes A water-storage tank has inlet pipes, outlet pipes, drain pipe and overflow pipe connected to it. While the outlet pipes shall be connected at the bottom of the tank, inlet pipes should be connected at the top. The outlet pipes should be connected 2 to 3 inch above the base of the tank. Separate outlet pipes should be run to different storeys of the house if a single, common tank has been provided for all the floors.
Pipe connections Pipe connections to the tank should be made by drilling holes of exact size in the tank. Location of holes should be carefully marked after finally positioning the tank so that no wrong hole is drilled in it. The pipes should be well supported and shouldn't cause any weight pressure on the tank. All pipe connections to the tank should be sealed well by the plumber by using sealants.
Mosquito nets The outer ends of drain pipe and overflow pipe, if left in the open, should be covered with mosquito nets. These are available in the market and prevent mosquitoes from entering the tank.
Air release pipes All the outlet pipes must be provided with air release pipes at the tank junction level to avoid any loss of pressure in the pipes due to air lock. The top level of air release pipes should be kept above the top level of the tank. The outlet pipes should have minimum number of bends also to avoid any loss of pressure.
Insulation These days, the practice is to further cover polyethylene tanks all around with glass wool or EPC sheet and there is no harm in doing that. Brick masonry walls are provided around the EPC sheet and a slab is laid over the chamber to provide insulation to the tank. The manhole cover provided in the slab is kept fully tight, heavy and lockable to avoid ingress of any insects, mosquitoes, lizards or birds in the tank.
Installation
— This column is
published fortnightly
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Deal clinchers
First-time home buyers prefer down payment plan (DP) over construction-linked plan (CLP): It is a popular belief among real estate players that CLP is preferred by home buyers as it provides protection against construction and other delays. But almost 41 per cent of the young first-time home buyers who were questioned during this survey said that they prefer the "Down Payment" plan as it meant getting good discounts. In fact, CLP was not even the second preference with them. Flexi Plan (FP), which is essentially a mix of Time Linked (TLP) & CLP, was preferred by 30 per cent home buyers. This type of plan also offers greater discount as compared to the CLP. The CLP was favored by just 18 per cent home buyers. Young home buyers also laid more importance on connectivity of an area than its location: This can be considered as a paradigm shift as far as home buyers' psyche is concerned. Not so long ago, location was considered to be the most important consideration but as per the survey findings 18 per cent home buyers, felt that "connectivity and public transport" were more significant purchase considerations. Commenting on this Aditya Verma, COO and Executive VP of the website, said, "The preference for connectivity over location is not by choice. Home buyers are unable to find their dream abode closer to their preferred location (in their limited budget) and are forced to compromise with an area 15-20 km away from the main city. However, when it comes to choosing between available options, the one with better connectivity and public transport will win the race. This is evident from the fact that over the past decade prices in areas that are connected through city metro or highways have appreciated more as compared with other areas within the same city". However, price continued to be the top purchase consideration with 58 per cent respondents opting for it. More than 3,953 first-time home buyers from across the country including key cities of Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Chandigarh had taken part in the "First Home Survey". Most of the survey takers were male, in the age group of 26-45 years.
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Reality bites The National Capital Region (NCR) is expected to witness an additional supply of 48 million sq ft of office space over the next three years which may lead to fall in rentals, realty consultant Knight Frank said.
“In terms of office stock, the NCR is the biggest market in the country with nearly 85 million sq ft of office space under operation ... The region has seen tremendous development in the past five years. Fast paced growth in the IT/ITeS sector has contributed hugely to the demand,” Knight Frank said. At present, the vacancy levels range between 20-25 per cent across various micro markets in the NCR. The consultant said the NCR is expected to witness fresh office supply to the tune of 48 million sq ft in the next three years. “Bulk of the upcoming supply is slated to enter the NCR market by early 2013, primarily in the peripheral business districts of Noida and Gurgaon which may put a downward pressure on the rentals,” it noted. The rental values in locations across the central business district (CBD) and south business district (SBD) in Delhi are expected to witness appreciation owing to anticipated office space demand and lack of fresh supply in these micro-markets, the consultant observed.
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Decor trends
'Heart is where the hearth lies', thus goes the age old adage. A must have for every household, the good old kitchen has now transformed into a fancy space brimming with smart solutions and trendy designs. No more labelled as a simple smoke-filled space used for cooking daily meals, the modern culinary space is a fusion of functionality and style and comes packed with fancy fittings and stylish appliances to become a connoisseur's delight.
Going beyond just cooking, the new-age kitchen is smart, trendy and occupies a place where utility supersedes every other aspect of design. In most urban households, making optimum use of the available space in kitchen is the key challenge. Contemporary kitchen with its good looking features, handy storage space and enough room is a multi-purpose space with something to interest each member of the family. However, certain things need to be kept in mind while deciding the preliminary design of the kitchen: The various functions of kitchen such as housing utility spaces, a breakfast nook, small dining table, and desk space should be decided much in advance to avoid last-minute confusion. The effort should focus on having as much storage space as possible. Enough provision should be made for adequate light, both natural and artificial as lack of it will only make the kitchen look gloomy and drab. Various kitchen appliances as well as their sizes should also be selected in advance so that these can be incorporated while designing the kitchen surfaces and counters. The Work Triangle Being the most important aspect of designing, each kitchen configuration should incorporate the triangle rule to provide easy access within the work space. The three points of the work triangle include the sink, the cooking stove/hob and the refrigerator. Known as high traffic areas in the culinary space, the distance between each of them should not be more than 3 meters so that it easy to move from one station to another. Depending on the layout of the kitchen, the three points may lie on two or three different walls and in case of a small and narrow space these can be placed in a single wall. With the onset of modular kitchen in the Indian culinary space both accessibility and cooking have entered a new dimension. Based on practicality, modular kitchen is a fully furnished space fitted with built-in sink, chimney, cabinets, hobs, shutters, shelves, pull-out units, refrigerators, dishwasher and ovens. Add fancy lights and fixtures and you have a kitchen that easily becomes a style statement for the proud homeowner. However, carpenter-made kitchen counters and cabinets still remain popular and are increasingly becoming functional, comfortable and appealing to suit the taste of modern lifestyle. Nitin Agarwal, Managing Director, Prayag Polymers, a manufacturer of kitchen and bathroom accessories, says, "Modern kitchens strike a symphony between functionality, aesthetics and comfort. An array of smart and stylish appliances available in the market coupled with innovative design ideas makes it a complete multifunctional unit. Whether modular, contemporary or transitional in design, modern-day kitchen is the crowning glory of a home and can be customised to the homeowner's taste with the vast choice of materials and accessories available in the market." While choosing accessories Nitin advises to go for a classic white or stainless steel that matches any décor and remains unchallenged in design and style over the years. Maximising space Gone are the days when a random assortment of appliances and utensils were "scattered" in the kitchen. The new-age kitchens with handy storage space for food and utensils, sufficient space for accessories and appliances complete the modern look. While designing one needs to ensure that there is enough storage space for the household items that can't be stored anywhere else in the house. Using devices such as roll out shelves, lazy susans, D-trays helps maximise the available space. Overhead storage units extending till the roof, deeper counters and transparent glass shutters not only increase the storage space but also help create an illusion of more space. Using built-in appliances helps in optimum utilisation of space and lends a seamless flow to the kitchen. Thanks to the development of modern concepts that draw on the best the field has to offer, companies other than design firms are also increasingly innovating solutions to promote clutter-free culinary space. Keeping in mind the tasteful household needs Usha Shriram Enterprise's latest offering of airtight containers BIOPKIPS has been specially designed to provide functionality and optimum stackability in the modern kitchen. "Understanding the evolving taste of Indian customers, we have ensured that the products enhance the visual appeal and showcase the best possible presentation on shelves and counters in the kitchen," says, Satnam Sandhu, Senior Vice-President, Usha Shriram. Kitchens and beyond The new-age kitchen goes beyond cooking and occupies a place where one can indulge in culinary pleasures, entertain guests, serve food and enjoy it all at the same time. A number of new home owners are going in for an open kitchen layout as the absence of any partition walls helps open up the room and provides more useable space. However, as the system doesn't succeed much in the Indian set up, one should opt for an adjacent, small enclosed kitchen, which is just used for cooking. This also gives the benefit of being able to air-condition the kitchen area. The kitchen island or a portion of the kitchen counter may be designed to double up as a dining space which can become a space for the whole family to spend time together. Kitchen has always been a favorable staple of our culture and will continue to rule the Indian household, just that it has got a swish makeover! — With inputs from Neha Joshi Go with the flow Kitchens, whether large or small, must allow for efficient work flow and traffic and thoughtfully planned layouts result in a beautiful and efficient cooking area. Keeping the size and shape of the kitchen in mind goes a long way in deciding its layout. The various types of layouts one can consider while designing are:
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Pick of the week
Bertazzoni range cookers come with gas cook tops that are one-piece in stainless steel, with precision engineered burners, safe and reliable ignition systems and easy controls giving a flexible and accurate cooking performance. The Bertazzoni range cookers feature versatile electric multi-function and fan assisted gas ovens. Bertazzoni Professional series; a 122 cm super-wide electric range cooker Now available in India has six gas burners and a stainless-steel electric teppanyaki griddle. The main oven has balanced air-flow multifunction settings and electric grill. The useful auxiliary conventional oven has a powerful grill and four cooking functions.
Dainty drizzle Paving a new style Endless beauty Perfect seat The base of the Node chair helps keep backpacks and valuable personal belongings out of the aisle and the flexible seat, without pneumatic adjustments to worry about. The open-seat design offers easy access, while arms serve as backpack hooks. Easy to maintain, Node is available in 12 different colours and up to 75 per cent recyclable by weight.
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Monsoon proof your furniture
High humidity levels during the rainy season have an adverse effect on wooden furniture and cabinets in homes. Creaking furniture, damp sofas and smelly cupboards are common during this season. This is because moisture is the biggest enemy of wood. High moisture level leads to swelling of wood as humidity causes the growth of mould on wooden furniture. Temperature changes that cause expansion and contraction of wood cause cracks, raised grain and dull finish. In case wooden furniture is left out in the open or in moldy garages, loose joints and de-lamination may also occur.
There are multiple potential sources of moisture in a kitchen that could result in mold (fungi) growth. Leaky pipes, high humidity and cooking are just a few of these sources. Black mold can cause serious health problems for some individuals. However, mold can easily be prevented by eliminating the source of moisture. Here are some tips to protect your furniture in monsoon season:
— Inputs from Vishal Malhan,
Chief - Marketing, Fevicol Division, Pidilite Industries
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Tax tips
I had bought a commercial property worth Rs 22 lakh in 2007 and I am going to sell it in August, 2012 for around Rs 75 lakh. Please can you advise me on the following points:
A. Your queries are replied hereunder:
Save tax by buying a ready flat Q. I bought a ready-to-move in flat in January, 1999 on GPA for Rs 6.50 lakh and also availed of a housing loan. I got the possession of the flat on the same day. The flat has been on rent from the time of possession, albeit with different persons for different periods. On June 1, 2006 I applied to the concerned authority to transfer the flat in my name and paid application money of Rs 1,000. On April 17, 2009 the authority asked me to pay Rs1.41 lakh as transfer fee which I deposited on the same date. In December, 2009 the authority re-allotted the flat in my name; On January 15, 2010 I deposited Rs 11,675 as charges for conversion from leasehold to freehold. In June, 2011 I deposited Rs 1000 as processing fees for transfer\conversion. On June 18, 2011 I deposited Rs 2,625 as stamp duty. On same day a fee of Rs 4,756 was paid as registration charges in the
sub-registrar's office. Subsequently in August, 2011 the Conveyance Deed was executed in my name. My query is:
— Pratibha Chopra A. You had obtained the possession of the flat in January, 1999 and the same having been held for more than three years would be treated as a long-term asset. You have the following options to save tax:
Add house rent to total income
Rent received from first floor@ Rs 13,500 per month Rs 1,62,000.00 A. Your queries are replied hereunder:
Simultaneous deals Q. I have got a flat in New Delhi on the third floor. Because of some medical problems I can't climb the stairs so I want to sell this flat and want to buy one on the ground floor. I will be selling my third-floor flat and buying one on the ground floor simultaneously. Can I make a simultaneously deal of buying and selling at the same time? If yes, then how can I do it and what will be my tax liabilities? Please advise on all the aspects. — kamla devi A. There should not be any difficulty in making a simultaneous deal of buying a ground-floor flat and selling third-floor flat. The position of capital gain arising on the sale of the third-floor flat would remain same even if there is an exchange of the flats. Therefore, in case you have owned the third-floor flat for a period of more than three years, any profit arising on the sale of such flat would be treated as a long-term capital gain and since you would be purchasing the ground-floor flat simultaneously, you would be entitled to claim benefit under Section 54 of the Income-Tax Act, 1961 (The Act). In other words, long-term capital gain arising on the sale of the third-floor flat would not be exigible to tax in case the same is utilised for the purchase of a new residential house immediately after the sale of the third-floor flat. The amount of capital gain would be computed after taking into account the indexed cost of the third-floor flat.
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Loan zone Q. My husband and I recently took a home loan from LIC. I am planning to make a part-payment of Rs 8 lakh by this year-end. After paying partially is there any way through which I can reduce my EMI? People say that only tenure can be reduced. — meena rani A. When you make a part-payment, the amount will be deducted directly from your principal, which means that you will pay up your loan faster than the term it requires. If you reduce your EMI, the opposite happens, your loan tenure increases. It sort of defeats the purpose if you choose to pre-pay partially, and then also opt for a reduction in EMI. Even if your principal is reduced, you might still be shelling out more interest with an increased tenure; the only relief will be less stress on the monthly budget. However, if for some reason you wish to prepay and then request for a reduction in EMI, you can always approach your bank and take this up for discussion. Banks always consider such requests, depending on the individual's situation. Since you are opting to partially pre-pay, the bank should ideally have no issues complying with your request. In an ideal scenario, closing off the debt should be a priority, even if for a temporary period like a few years, you wish to reduce the stress on your monthly finances. Remember, the longer the tenure, the more the interest you will be shelling out.
Can I claim HRA? Q. Can I take advantage of tax benefits from a home loan as well as claim House Rent Allowance? — bir singh A. If you took a home loan and are still living in a rented place, you will be entitled to:
Of course, you can claim tax benefits on the home loan only if your home is ready to live in during that financial year. Once the construction on your home is complete, the HRA benefit stops. If you took a home loan, got possession of the house, have rented it out and stay in a rented accommodation, you will be entitled to all the three benefits mentioned above. However, in this case, the rent you receive would be considered as your taxable income.
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High humidity levels during the rainy season have an adverse effect on wooden furniture and cabinets in homes. Creaking furniture, damp sofas and smelly cupboards are common during this season. This is because moisture is the biggest enemy of wood. High moisture level leads to swelling of wood as humidity causes the growth of mould on wooden furniture. Temperature changes that cause expansion and contraction of wood cause cracks, raised grain and dull finish. In case wooden furniture is left out in the open or in moldy garages, loose joints and de-lamination may also occur.
The Bhupinder Singh Hooda government may have kept populism in mind while coming out with a revised formula for the imposition of the property tax on the residential properties in the state. However, when it came to imposition of the property tax on the commercial and institutional buildings, purely economic reasons for minting money weighed heavily on its mind.
Installation of water tank should be got done carefully. Highest possible level should be chosen for its installation. A flat concrete slab should be created to provide full support to the base of the tank. This platform should be well supported over beams and shouldn't sag under the weight of a water-filled tank. A polythene sheet should be spread over the concrete base before positioning a water tank over it.
The property market in India has seen a lot of action over the past decade. Decent economic growth, easy availability of finance coupled with high disposable income has made many young Indians look favourably at a real estate investment. What are the various considerations when a first-time home buyer sets out to search for a property? Is there a change in the mindset of the home buyers? A recent survey conducted by real estate website makaan.com, has brought forward two surprise findings:
The bulk of the office supply would come up in Gurgaon and Noida market, which might put a downward pressure on rentals. However, the rental values in Delhi are expected to rise on high demand and lack of new supply.
The world famous Italian cooking appliance company Bertazzoni has entered Indian market. Bertazzoni cooking machines are sold throughout Italy and exported to 60 countries around the world selling at the top end of the market through a quality dealer network and is now available in India by Häfele.
Prayag Polymers (Pvt.) Ltd, recently unveiled 'Drizzle Shower Panels' of the H2O series. The Drizzle range is uniquely crafted and designed for the discerning customers. The H2O series is made of Brass metal and premium chrome-plated accessories. The complete Drizzle line-up comprises more than 20 models like; Rain Shower Spider, Rain shower Rectangular, Rain Shower with & without arm, Overhead shower, Hand shower, Shower Arm, Shower Rail with adjustable height to choose according to your mood and interiors. The price range begins from Rs 550 onwards.
RAK Ceramics, has brought out a new range of vitrified paving tiles - Pavitron. Pavitron tiles come with vitrified body in five trending designs - plain, round polka, square polka, sparkle and stone - in ivory and terracotta colours. These titles can be primarily used for outdoor parking areas, terrace and balcony flooring, stairs, outside areas of malls, public places and other multipurpose usage. Price range is Rs 41.50 per sq.ft. onwards.
The trend for longer planks is red-hot and Swedish flooring brand Pergo is right on top of it with its new range of laminate flooring called Endless Plank. In this unique concept in laminate flooring the joints at the end of each panel line up both in texture and grain creating an 'endless plank'. Infinite large boards have no joints on the short side and are beveled on the long side: this creates a unique endless board effect. You get the impression that your floor is made from a single board, cut from a real trunk, so creating a unique natural effect. Choose from natural oaks or original sapwood decors for an even more genuine wood effect. The price range is Rs 195/sq ft.
Node Chair by Steelcase is designed to fit on campus and in the workplace. Mobile and flexible, this chair is designed for quick, easy transitions from one teaching mode to the next. It offers comfort, flexibility and storage. The casters of the chair lend mobility for quick, easy transitions between teaching and training modes while the Swivel seat keeps open sightlines between individuals and instructor, whiteboard, and other students/colleagues. The personal work surface swivels in tandem with seat and is adjustable for users of all sizes. It accommodates left- and right-handed individuals and is large enough to support the ' digital and analog resources.
Q. I have a query regarding long-term capital gain from the sale of commercial property and how tax exemption can be availed of.
Q. I am a senior citizen and Punjab Government pensioner. I am filing my IT Returns regularly and paying tax as admissible. I have got my own house in which I am occupying the ground floor. This house had been constructed from my own funds. The first floor of this house has been rented out and was constructed partly from my own funds and partly through a home loan from Punjab National Bank. Kindly intimate which of the following amounts are to be added to income, deducted from the income, exempted from IT. All these transactions relate to financial year 2011-2012, Assessment Year 2012-2013.