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Budget 2010-11 and Service Tax On Purchase of Under Construction Property The budget 2010-11 brought rude shocking and a lot of confusion to prospective home buyers. But don't get too shocked, you won't pay service tax on the entire amount. The budget has suggested 10 per cent service tax on construction. For the past one month, many city builders have been asking purchasers to start paying up the service tax. Buyers are shock and say they were not informed of the additional levy when they had booked the flats. As per the budget, the service tax will be charged on only those residential projects which are still under construction.

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As the year draws to a close, many people in the real estate start thinking about their tax preparation and returns. Here are a few real estate-related tax deductions to remember when you're meeting with your accountant or preparing your return: 1. Mortgage interest - self explanatory 2. Settlement costs - origination points, title fees, appraisal costs, etc 3. Depreciation - a lot of people miss this one. Can get a little complicated, but generally speaking you can deduct a "depreciation in value" from your original purchase price, as if the property were to steadily drop to no value over the course of 27.5 years. 4. Maintenance & repairs - this can also get a little hairy, as not all repairs can be deducted, but basically any work done to make your rental property "properly habitable" can be deducted. 5. Property management costs - whether a monthly percentage of rental income or singular fees for tenant placement 6. Property taxes 7. PMI This list is in no way exhaustive, so speak to a real estate tax accountant, but don't pay one cent more than what's necessary to support Uncle Sam's spending habit! Uncle Sam's like a teenage daughter with her father's credit card... don't encourage him! Thanks http://www.clvgroup.com/

ATM MACHINE ATM machine has a very long history which it's short for ''automated teller machine'', is an electronic banking outlet that let customers complete basic bank transactions without the help of bank staff or teller. Anyone with a credit card or debit card can access cash at most ATM machines. ATMs are convenient, allowing consumers to perform quick self-service transactions such as deposits, cash withdrawals, bill payments, and money online transfers between accounts. Fees are usually charged for cash withdrawals by the bank where the account is located, by the operator of the ATM, or by both. Some or all of these fees can be avoided by using an ATM operated directly by the bank that holds the account.

CASH PAYMENT KIOSK Cash payment kiosk is a type of self-service touch screen kiosk that is able to receive a bill payment in exchange for a service or good. In addition to accepting cash payments, but also can support credit cards, debit cards, coin payments or e-checks as payment methods. It can be widely used in many areas for payment service, even sometimes can provide change service by the machine if necessary, such as banknotes or coin change. Give all the customers a fast and secure way to pay government and utility bills using cash, check and card with up to 24/7 service for walk-in and drive-through bill pay, for bills like parking lot places and traffic tickets selling, permit and license fees,water and power utility bills, business and property taxes and more.

MALL INFORMATION KIOSK It is a convenient, simple and practical human-computer interaction device. The information kiosk has a wide range of uses and involves many industries. For example, the bank's queuing machine, self-service teller machine, and self-service card processing equipment use touch screen technology. There are also government affairs halls, certificate halls, shopping malls, etc., and some self-service equipment, all using touch all-in-one machines. With the change in market demand, the machine is also upgraded and innovated in the original operation function, not only can be touched but also has identity recognition, face camera, fingerprint sensor, scanner, printer, card reader and other modules, which can realize Information query, ID card, social security card identification, fingerprint attendance, credit card, printing, scanning payment and other functions. Widely used in banks, government affairs, shopping malls, electricity, schools, taxation, communications, office halls and other places.