Is Additional area in the hands of individual members taxable under Redevelopment?


By Vimal Punamiya, FCA, LLB Accommodation Times Bureau As per Section 54 of the Income Tax Act, 1961, if any residential property which was held for a period of more than 2 years is sold or given for redevelopment and the new flat is purchased or acquired within a period of 1 year before or 2 years after the sale or constructed within 3 years after More...

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By admin On Monday, October 9th, 2017

Development Rights- Who is entitle? Society or Member?

By Vimal Punamiya, FCA, LLB In respect of Tenants co-partnership co-operative societies, which are of the nature of “Flat Owners Societies” in which the flats are acquired by the society from the builder on More...

By admin On Monday, October 9th, 2017

TDS on Purchase of Immovable Property

By Accommodation Times Bureau Under Section 195, on transfer of immovable property by a non-resident, tax is required to be deducted at source by the transferee. However, there is no such requirement on transfer More...

By admin On Monday, October 9th, 2017

SC Demands Center To Update The wetlands’ Funds Disbursement and Preservation Initiatives

By Accommodation Times Bureau The Supreme Court has asked the centre to inform it about the status of funds disbursed by them to the states, for preservation of wetlands and also an account of how these have been More...

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By admin On Friday, October 6th, 2017
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Deemed Conveyance without OC – Is it really a reason to rejoice?

Ms Stuti Galiya,  (Solicitor & Advocate) By Accommodation Times Bureau   Conveyance of land and its advantages Conveyance is a document which is executed to transfer title of the land on which a particular More...

By admin On Friday, September 29th, 2017

Tenant Have Legal Rights In Rented Housing Property

By Accommodation Times Bureau Chandigarh Legal issues emerging among owners and tenants are viral in air, since decade. So, it is extremely important as a tenant to know their rights well. Wrangles between the landlords More...

By admin On Wednesday, September 27th, 2017

Co-operative movement facing a slow death

By S S Nair Accommodation Times Bureau   The Maharashtra  StateCo-operative Act, Rules and bye-laws were framed to encourage co-operative feeling among the people and as an instrument to inculcate the co-operative More...

By admin On Tuesday, September 26th, 2017

Tamil Nadu RERA Issued notices to Buildings Not Registered With Regulator

By Accommodation Times Bureau The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has sent notices to 320 builders who have failed to register their projects in the Chennai Metropolitan Area (CMA) , with More...

By admin On Monday, September 25th, 2017

All Occupied buildings without OC are not subject to MahaRERA Registration: Order

By Accommodation Times Bureau In a landmark Order by MahaRERA on 21st Sept in the matter of Sejal Gandhi v. Jayant Mehta, Kamla Vihar CHS ( CC006000000000615), it was specifically mentioned in the order that all More...

By admin On Wednesday, September 20th, 2017

No Tax to partnership on surrender of Tenancy Right held by partners

By Legal Cell, Accommodation Times Bureau In the instant case, no where the assessee-firm is considered as the tenant. In thepartnership deed dated 4-4-1990 also, it is stated that all rights over trade name, More...

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