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Archive: 25 July 2022

Posts in 25 July 2022

Why should I register my real estate project?

July 25, 2022 759 Views 0 comment Print

One of RERA’s most important features is that the Promoters are required to register the project with the particular state’s real estate regulatory authority before advertising, marketing, selling, booking or offering the real estate project for sale.

All you need to know about Floor Space Index (FSI)

July 25, 2022 14478 Views 0 comment Print

Unlock the secrets of Floor Space Index (FSI) or Floor Area Ratio (FAR) in construction projects. Understand the FSI meaning, formula, and calculations. Explore its significance in determining land value and construction potential. Learn about Premium FSI and its impact on permissible construction. Discover examples of FSI in different cities like Delhi, Kolkata, Chennai, Bangalore, and Hyderabad. Stay informed to make informed decisions in real estate development.

West Bengal Housing Industry Regulation Act, 2017 – Valid?

July 25, 2022 1824 Views 0 comment Print

Explore the constitutional validity of West Bengal Housing Industry Regulation Act, 2017, in light of the Real Estate (Regulation and Development) Act, 2016. Delve into the case analysis of Forum for People’s Collective Efforts (FPCE) & Anr v. the State of West Bengal & Anr. Understand the legal issues, arguments, and the court’s judgment. Stay informed about the regulatory landscape in the real estate sector.

Bid as ‘Going Concern’ to be Given Preference over Standalone Bid for Corporate Debtor

July 25, 2022 528 Views 0 comment Print

The liquidator put the clause in the tender document that in case the highest amount is offered by all the bidders and the bid amount is same then the bidder who wishes to purchase the Corporate Debtor as a going concern shall be declared to be the successful bidder.

Resolution Professional can exercise control only over Bank Accounts operated by ‘Corporate Debtor’

July 25, 2022 726 Views 0 comment Print

IBC 2016: Resolution Professional, in Law can exercise control over Bank Accounts operated by ‘Corporate Debtor’ only and not otherwise.

Demat Account: Concept, Benefits, Features & more

July 25, 2022 1521 Views 0 comment Print

Dematerialized accounts or Demat Accounts were introduced to make stock market trading easier and monitor holdings efficiently. However, as time went by, it became more advanced with more features to ease trading and holding investments.

No Section 80IB deduction on Remuneration & Share of Profit from Partnership Firm

July 25, 2022 1794 Views 0 comment Print

Eligibility of remuneration, share of profits received from partnership firm, whose profits are eligible for deduction u/s 80IB of Income Tax

Seafarer’s recruitment service provider is not an intermediary

July 25, 2022 1440 Views 0 comment Print

Seafarer’s recruitment service provider, who processes the entire selection, medical test, insurance, transportation, training etc. to the overseas client and received convertible foreign exchange, is not an intermediary.

Income of Estate of Deceased Assessee taxable at normal slab rates

July 25, 2022 1983 Views 0 comment Print

Estate of Late Harkishin Bhojraj Chanrai Vs DCIT CPC (ITAT Mumbai) Undisputed facts though the assessee has filed its return of income declaring an income of ₹ 1,288,261/– in the status of association of person of estate of a diseased individual. The tax liability is required to be computed as per the normal tax as […]

Diversity, Equity and Inclusion (DEI)

July 25, 2022 2838 Views 2 comments Print

Diversity, Equity, and Inclusion are vital to creating and maintaining a healthy work environment. A diverse and inclusive work environment means treating each and every employee equally regardless of their position or who they are and making them feel equally important in the areas of their work

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