UK attracted USD 1.6bn investment from China in first half of 2018: Report

By Accommodation Times News Services SHANGHAI: TMF Group and China-Britain Business Council (CBBC) today jointly released a white paper -China-UK Investment: Strategies for success in the new ‘golden age’. Based on research and the views of experts, the paper examined the present and future prospects and challenges of Chinese investment in the

Mumbai Municipal Corporation (Second Amendment) Bill, increases Stamp Duty by 1%

By Rohit Sharma MUMBAI The Maharashtra government introduced Mumbai Municipal Corporation (Second Amendment) Bill, 2018 in the Maharashtra Legislative Assembly on July 19 under the authority of the Governor, the bill which seeks to increase Stamp Duty by one per cent. The bill is expected to be tabled during the winter session of

Commercial tower of Le Meridien occupied by 98 illegal occupants

By Accommodation Times Bureau NEW DELHI The Minister of State for Home Affairs, Hansraj Gangaram Ahir informed the Parliament today that, the commercial tower of the Hotel Le Meridien is illegally occupied by at least 98 individuals or companies. The New Delhi Municipal Corporation (NDMC) had cancelled the lease in last year. Ahir

PMC: Pune civic body to seal belongings of property tax defaulters

By Accommodation Times Bureau PUNE The Civic body of Pune has directed the owners of commercial establishments having property tax dues to pay the arrears at the earliest, or else it would be sealed. In the past two weeks, the property tax department has sealed properties and collected Rs4.5 crore tax dues from establishments.

Simplified Reforms of Income Tax Laws & Other Developments of Housing Industry

By Accommodation Times News Service By CA Vimal Punmiya Latest Reforms to Simplify Income Tax Laws and Procedures for Filing of Returns and Other Developments Related To Housing Industry High Level Committee to be formed & to be chaired by the Revenue Secretary and consist of Chairman, CBDT and an expert from outside.

Service Tax Audit – Regaining Vigour?? {Chronological Analysis}

By Accommodation Times News Services By CA.Ankit Gulgulia (Jain) The Central Board of Excise & Customs have recently issued a Circular No. 181/7/2014-Service Tax following thenotification No. 23/2014-ST dated 5th December, 2014 in essence to neutralize the judgment of Delhi High Court in case of Travelite (India) Versus UOI And Others 2014 (35) S.T.R. 653 (Del.) which considered the

Service Tax on Redevelopment of Society

Accommodation Times News Services By CA Pathik Shah Background of redevelopment: In Mumbai, many building are becoming building older than 35 to 40 years and such building require redevelopment. Also due to shortage of land, rising population innovative concept of redevelopment of old properties has brought. In such redevelopment, society appoints developer and

Haryana VAT: tax ability of civil works contracts/ builders and developers

        By Accommodation Times News Service By CA Ankit Gulgulia Recently Haryana VAT department has released a circular which might be of interest to the developers & builders across the state and conducting operations in Haryana. The Circular is No. 152/ST-1 dated 7th May, 2013 wherein several aspects in regard to taxability of civil works contracts/ builders and developers

Capital Gain Bonds U/S 54 EC

By CA, Dr. Rajendra Jain Under income tax law various exemptions and deductions are provided . if citizens use wisely these provisions they can reduce their tax in legal manner . and at various judicious forum it is admitted that every citizen has right to plan his affairs to minimize his