The Ministry of Housing & Urban Poverty Alleviation has piloted the Real Estate (Development & Regulation) Act, 2016. Specified Sections of the Act have come into effect from 01st May, 2016. Section 13(2) of the Real Estate Act, 2016 read with Section 84(2)(h) envisages the preparation of an ‘Agreement for Sale’ vide Rules by the ‘appropriate Government
All of us know that Govt is planning to introduce GST (Goods and Service Tax) in India which will subsume a number of existing state level taxes (i.e VAT, CST, Entertainment tax, Entry tax, Purchase Tax and Luxury tax) and central level taxes (i.e Excise Duty, Custom Duty and service tax).
The Board’s Report shall be prepared based on the stand alone financial statements of the company and shall report on the highlights of performance of subsidiaries, associates and joint venture companies and their contribution to the overall performance of the company during the period under report.
In times like today, when there is enormous opportunity available for investment, certain feeling like greed and fear stop people from making right investment decision. Following advice may help individuals in planning their investments and start as early as possible.
The most common answer to this will be about money as being the primary source of comfort in our lives. At the same time, money is also the primary reason behind most of our fears and worries. If we emulate our financial fears to our mortal fears such as death or loneliness, even that shouldn’t come as a surprise to us.
The Hon’ble Punjab & Haryana High Court in a crucial decision has held that input tax credit cannot be disallowed merely for a technical defect in the VAT Invoice such as non mentioning of words “Input Tax Credit is available to a person against this copy” as per Rule 54 of the Punjab VAT Rules, 2005.
