Property Tax Burst from Unification Will Make Pune Civic Body Prosper

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By Accommodation Times Bureau The unification of villages into Pune Municipal Corporation (PMC) limits is going to make the civic body rich and prosper. If recovered properly, property tax from these villages alone would add Rs 15 crore to PMC’s chests per annum. In July, the state had accepted the merger of Uruli-Devachi and Phursungi with PMC, More...

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By admin On Wednesday, October 11th, 2017
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Home buyers Facing The Petition Challenging Legality of RERA

By Accommodation Times Bureau Realty developers have filed petition challenging the legal validity of RERA and some of its provisions, in the Bombay High Court. On the other side, a pan-India homebuyer's More...

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By admin On Wednesday, October 11th, 2017
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GST on Construction Materials May Get Reduced

By Accommodation Times Bureau Following a series of complaints by state finance ministers the GST Council may reduce the number of products in the highest slab of 28%. The ministers have lodged complaints that More...

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By admin On Tuesday, October 10th, 2017
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Housing demand revival unlikely in 12-18 months: CRISIL Research

By Accommodation Times Bureau CRISIL Research believes demand for residential property is unlikely to revive in the next 12-18 months as the fundamental problem of lack of end-user buyers is unlikely to change any More...

mantralaya
By admin On Monday, October 9th, 2017
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Maharashtra Govt Issue Rules To Regularize Pre-2015 Illegal Structures

By Accommodation Times Bureau The state urban development department on October 7 has issued rules for illegal structures to get them legalized paying the predefined penalty. The illegal constructions carried More...

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By admin On Monday, October 9th, 2017
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Rent from unsold flat is Business Income?

By Vimal Punamiya, FCA, LLB Accommodation Times Bureau PROPERTY V/S BUSINESS INCOME Earlier rental income earned by real estate developer was not of dispute, because developers preferred to offer income under house More...

apartments
By admin On Monday, October 9th, 2017
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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 More...

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By admin On Monday, October 9th, 2017
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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...

tax1
By admin On Monday, October 9th, 2017
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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...

Ragubardas
By admin On Monday, October 9th, 2017
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PMAY Central Scheme- 20,000 Families Get Houses In Ranchi

By Accommodation Times Bureau The Jharkhand government gave away 20,051 houses on October 2 as a celebration of Gandhi Jayanti to the families of the economically weaker section under the Pradhan Mantri Awas More...

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