CBDT notifies Income Tax Exemption to Goa and Telangana State RERA [Read Notification]
The Central Board of Direct Taxes (CBDT) on Monday notified income tax exemption to the Goa Real Estate Regulatory Authority (RERA) and Telangana State Real Estate Regulatory Authority. The Central Government notified the ‘Real Estate
Income Tax Dept. conducts Search on a prominent Real Estate Group in Mumbai
The Income Tax Department conducted Search and Seizure operation on 29.07.2019 on a prominent group involved in Real Estate Development, covering more than 40 premises across Mumbai and Pune.  During the course of search operations,
Income from Sale of Flats and Land is ‘ Capital Gain ’ since Assessees’ Intention to Trade in Real Estate was not Established: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has ruled that the income from the sale of flats and the undivided share in such land could be assessed under the head “capital gains” since the
Job Opening for Lawyer in a Real Estate Company
Urgently required Lawyer at a Real Estate Company into Property Management Services The profile will mainly be litigation (70%) and nonlitigation (drafting 30%) Salary - up to Rs. 5 lacs per annum Age limit -
Incentive For Real Estate : No Adjustment to be Made If The Circle Rate Value Does Not Exceed 5% Of the Consideration
The Union Minister for Finance and Corporate Affairs, Arun Jaitley proposed that no adjustment shall be made in a case where the circle rate value does not exceed 5% of the consideration. While presenting the
Course on Real Estate under GST
Faculty - Adv Nidhi Gupta 📆Oct 17 - 19⏰8.00PM - 10.00PM Course Fee1299(Including GST)999(Including GST) To know more What will be Covered in the Course?◾GST rate on sale of following under construction properties◾Affordable residential apartments◾Other
No Service Tax on Sale/ Purchase of Property on a Principal to Principal basis: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that there cannot be any service tax liability under the category "Real Estate Service" for the buying and selling of property on
12% GST applicable on Dues If Completion Certificate was issued by 31st March, says CBIC
12 percent GST would be applicable on balance amount due to the builder if the housing project has been granted completion certificate by March 31, 2019, The Central Board of Indirect Taxes and Customs (CBIC),
GST on Real Estate Sector
Faculty - CA Naresh Seth 📆 Dec 24, Saturday🕔5.00 PM - 7.00 PM What will be covered in the course ✅GST Rates on the Sector✅Place of Supply and ITC-Related Provision to the Sector (if any)✅Exemptions
Transaction cannot be treated as “Real Estate” If Property held for a Long Time: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that transactions could not be treated as real estate if property was held for a long time. Assessee Vaijanti Jain, G filed return of
There is No Presumption in Law that Everyone Knows the Law: Illiterate & People who Rarely coming in Touch with law shall be Excused, rules ITAT [Read Order]
The Jaipur bench of the ITAT has held that although there is a presumption that “Ignorance of Law cannot be a defense,” there is no such presumption that everyone knows the Law. A bench comprising
ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]
In a recent order granting relief to the leading industry body, the Confederation of Real Estate Developers Association of India (CREDAI), the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has directed the Commissioner
Govt. constitutes 7-Member Group of Ministers for boosting the Real Estate Sector under GST
In pursuance of decision in the 32nd Meeting of GST Council held on 10th January, 2019 at New Delhi, a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime has been constituted.
GST Council refers Certain important issues various Committees / GoM
The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: Extending the Composition scheme to small service providers. The rate of
SEBI notifies SEBI (Real Estate Investment Trusts) (Second Amendment) Regulations, 2023: Inserts new Stewardship Code [Read Notification]
The Securities Exchange Board of India (SEBI) vide notification No. SEBI/LAD-NRO/GN/2023/144 notified SEBI (Real Estate Investment Trusts) (Second Amendment) Regulations, 2023 in which a new Stewardship Code is inserted after Schedule VIII. Exercising the authority