Whether tax audit is compulsory for a specified professional whose gross receipts from the profession do not exceed Rs. 50 Lakhs but the net profit declared is less than 50% of such gross receipts?
I am a registered person under GST, providing my residential property on rent for residence purpose to a registered person under GST, what would be the GST implications?
Is there is any requirement of reversal of input tax credit in a case where goods were partially destroyed or sold at reduced price?
Explore the implications of GST on sales to Institutional & Industrial Consumers post 18th July 2022, as per Notification No. 06/2022 Central Tax Rate. Understand the criteria for taxation based on pre-packaging and labeling. Dive into the details of Legal Metrology Act and its impact on taxability. Stay informed about exemptions for industrial and institutional consumers.
Unravel the impact of the latest GST notifications (05/2022) on rent. Understand the applicability, Reverse Charge Mechanism (RCM), and scenarios for GST on residential dwelling rentals. Stay informed about GST liability, ITC claims, and key considerations for individuals and businesses.
A common question that arises in the real estate sector is whether the RERA judgments are applicable to transactions concluded before the date of judgement.
Supreme Court in Union of India Vs. Filco Trade Centre [P] Ltd directs GST Network to Open Portal For Tran-1/Tran-2 Forms for 2 Months
Unlock the potential of tax planning for house property with insights into Income Tax Act, 1961. Learn about deductions and exemptions for property owners, including municipal tax, standard deduction, and interest on loans. Explore benefits under different income heads, such as Capital Gains, and exemptions like Section 54 and 80C. Maximize your tax savings with expert guidance on legal aspects. Stay informed and reduce your tax burden effectively.
Complaint in this case arose out of allotment of incomplete apartments in a project where developer failed to obtain Occupancy Certificate
Section 3 of the RERA, a builder who does not register will be unable to sell the apartment, plot, or building. The following real estate projects are exempt from registration under Section 3 of the RERA if the land size does not exceed 500 square meters or the number of apartments does not exceed 8.
