1% TDS On Purchase Of Immovable Property must be deducted

By Accommodation Times Bureau Under Section 195, on transfer of immoveable property by a non-resident, tax is required to be deducted at source by the transferee. However, there is no such requirement on transfer of immoveable property by a resident except in case of compulsory acquisition of certain immoveable properties (section 194LA). The Finance Act,

Benami Property: All you need to Know

By Accommodation Times Bureau  DR. RAJKUMAR S. ADUKIA B. Com. (Hons.), FCA, FCS, FCMA, LL.B., M.B.A, DIPR, Dip IFRS (UK), Dip LL&LW, Dip in criminology, Ph.D.   What does Benami mean? Benami is a South Asian word that means "without name" or "no name". So, the term benami property means property without a name. It includes the transactions,

June ’17 had the lowest amount of transactions in the past two years with 704 sales: RICS Dubai

By Accommodation Times Bureau                               RICS Dubai in its report " Dubai Residential Market" Special Edition presented at Cityscape citing Propertymonitor, a Dubai based Research Portal said that the sales for June 2017 was mere 704. The Research paper said that July 2017 was a highly active month for off-plan apartment transactions with

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 of immovable property by a resident except in case of compulsory acquisition of certain immovable properties (section 194LA). The Finance Act,

What activities require Environmental Authorisation?

By Accommodation Times Bureau Q: What activities require Environmental Authorisation?   Activities that are listed either in Listing 1 or in Listing 2 require Environmental Authorisation before commencement.   Item Activity Possible impacts 1 The construction of facilities or infrastructure, including associated structures or infrastructure, for – Depending on the size, all infrastructure development could result in: physical impacts on ecosystems; visual

Impact of GST on Housing Societies

By Accommodation Times Bureau   Multiple taxes, even across state borders, has always been known to make trade in India expensive and complicated. GST (Goods and Services Tax) is a fiscal reform being made to introduce a single taxation system across the entire nation. Manufacture,distribution, and provision of goods and services, fields

How to record your name on Property Card?

By Accommodation Times Bureau First and foremost an application along with certified true copy of the Agreement and original of index have to be submitted to the City Survey Office. This should be accompanied with a covering letter on which court fee stamp of Rs. 5/- has to be affixed. Thereafter