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
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
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.
By CA Pathik Shah Accommodation Times News Services Indian government is committed to implement Goods and Service Tax (GST) from April, 2017. However, dead line seems to be difficult to achieve. The real estate industry contributes about 7.8% to India’s GDP and is the second-largest employment generator industry. GST, as the biggest tax reform
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.
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
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
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
By Accommodation Times News Service NRIS, PIOs and Foreigners in India are liable to pay taxes which include the Property Tax, Income Tax, Service Tax, Capital Gains Tax and the Wealth Tax. The Income Tax Act, 1961 grants certain tax concessions to NRIs desirous of returning permanently. Property Tax Property Tax is payable