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Archive: 26 May 2018

Posts in 26 May 2018

Interest free loan received prior to construction of Property cannot be added to annual value

May 26, 2018 1296 Views 0 comment Print

That on the facts and circumstances of the case and in law the Ld. CIT(A) erred in deleting the addition made by the Aa in treating the income of Rs. 12,00,000/- received towards service charges under the head ‘income from house property

Even part performance of contract in case of JDA attracts capital gain tax

May 26, 2018 1956 Views 0 comment Print

These are two appeals by two assessees against the orders of the Commissioner of Income Tax (Appeals)-5, Hyderabad, for the AY. 2009-10. Since common issues are involved in both of these appeals, these are heard together and decided by this common order

All you need to do know before choosing Private Limited Company as a form of your business

May 26, 2018 3150 Views 0 comment Print

A lot of aspiring entrepreneurs end up starting their business as a Private Limited Company without knowing the whereabouts. Before choosing PLC as a form of business, one must know its features, benefits, limitations & compliances, which are briefly described below

GST Council not recommended levy of GST on high speed diesel: HC

May 26, 2018 5862 Views 0 comment Print

GST Council has not recommended levy of GST on high speed diesel and same is not notified by the Central Government under Section 9(2) of the Central Goods and Services Tax Act, 2017.

18% GST payable on Canteen services by outside vendors in offices & factories: AAR

May 26, 2018 5301 Views 0 comment Print

Gujarat Bench of AAR passed its order in an application filed by Rashmi Hospitality Services and and ruled that Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST.

Search & Seizure: No Incriminating Evidence Found, No Addition Can Be Made

May 26, 2018 1617 Views 0 comment Print

Main arguments of the assessee that the addition and adjustment made to the total income are to be based only on incriminating material found during the course of search fails, then only the other issues in the appeal of the revenue as well as of the assessee will survive.

Guide for Registration of Real Estate Projects with RERA

May 26, 2018 8568 Views 2 comments Print

Article explains 1. Registration of Real Estate Projects with Real Estate Regulatory Authority (RERA) 2. Definition of Real Estate Project under RERA 3. Application for registration of real estate projects (In Form- A in triplicate) 4. Registration Fee for registration of Project under RERA 5. Grant of Registration under RERA (In Form-C) 6. Validity of Registration under RERA & Extension of its validity 7. Punishment for Non Registration of Real Estate Projects under RERA 8. Punishment for providing false information at the time of registration under RERA

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