June 2, 2023: Prime Minister Narendra Modi will flag off Goa’s first Vande Bharat Express from the Madgaon railway station on June 3 at 10:30 AM via video conferencing. “Realising prime minister’s vision of … READ FULL STORY
June 2, 2023: The government should remove GST applicability on flats given free to existing occupants in redevelopment projects, realtors’ body Credai (Confederation of Real Estate Developers’ Association of India) has said. This would … READ FULL STORY
Filing tax returns for income and paying taxes is the duty of every Indian resident. Income tax rules specify that an individual who makes a specific amount as income per year must pay income … READ FULL STORY
Section 142(1) of the Income Tax Act is a provision in the Indian Income Tax Act that pertains to the powers of the income tax authorities to conduct inquiries and investigation. It states that … READ FULL STORY
Property given to a wife or daughter as maintenance is not the same as providing them a share in property, the Dharwad Bench of the Karnataka High Court has ruled. In an order dated … READ FULL STORY
May 31, 2023: India’s apex bank may reduce its key benchmark lending rate in the fourth quarter of 2023 amid easing inflation and other factors, global forecast agency Oxford Economics said on May 29, … READ FULL STORY
What if you feel your concern has not been addressed properly by a bank, housing finance company or a non-banking finance company? Worse still, what if the bank has ignored your complaint? Does a … READ FULL STORY
May 31, 2023: Proper verification of detailed project reports and appropriate preparedness to crucial to minimise project delays, road and highways minister Nitin Gadkari said on May 30, 2023. This would also reduce construction … READ FULL STORY
Understanding Section 234B: Penalties for delayed tax payment Those with an income tax liability of more than Rs 10,000 in a financial year are liable to pay advance tax to the Income Tax Department … READ FULL STORY
May 30, 2023: A woman’s second marriage is not valid if her divorce from her first husband is not decreed by a court, the Madhya Pradesh High Court has ruled. The second wife would … READ FULL STORY
The Income Tax Act of 1961 mentions a total of five income sources: salaries, rent-based income, capital gains, company and professional profits and gains and income from other sectors. The last one comes under … READ FULL STORY
What is section 1940 of the Income Tax Act? Section 194O of the Income Tax Act pertains to the TDS (Tax Deducted at Source) on e-commerce transactions. What is the rate of tax … READ FULL STORY
In a ruling favouring homebuyers, the Madras High Court (HC) upheld an order issued by the district registrar (administration) Chennai that declared collection of the transfer fee by flat owners’ association to be illegal. … READ FULL STORY
