In order to give more clarity on the reliefs granted to the realty sector, the GST Council’s next meeting will be held on 19th March through video conference. The meeting is expected to finalize the

While hearing the appeal of CCE, Raipur against M/s Banke Bihari Ispat Pvt. Ltd, Delhi bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that amount received towards Sale of developmental

As announced in the Statement on Developmental and Regulatory Policies, it has been decided by the Reserve Bank of India to revise the limits on residential housing loans sanctioned by rural co-operative banks to an

 A division bench of the Bombay High Court while setting aside the notice issued for reassessment under section 148 of Income Tax Act, 1961 held that Reopening of assessment cannot be invoked when a satisfactory

The OakNorth Bank has invited applications from eligible candidates for the post of Finance Analyst. The OakNorth Bank is a UK bank for a small and medium-sized company that provides business and property loans. The

The Insolvency and Bankruptcy Board of India ( IBBI ) has introduced amendments to the Insolvency and Bankruptcy Board of India ( Insolvency Resolution Process for Corporate Persons ) Regulations, 2016. These amendments aim to

The most powerful GST Council will meet today to announce relief to the real estate sector and to declare a uniform tax rate on the lottery. Last week, the Group of Ministers headed by Gujarat

The Competition Commission of India (CCI) dropped the Goods and Service Tax (GST) Anti-profiteering proceedings initiated against Prasu Infrabuild on the ground of already ‘SKA Green Arch’ project determined by the National Anti-Profiteering Authority (NAA). 

On January 31, 2024, the Income Tax Department launched extensive search and seizure operations targeting a Politically Exposed Person ( PEP ), along with his close associates and several government officials in Chhattisgarh. The search

The Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in the case of M/s. CDP Real Estate Advisory India Pvt. Ltd. v. C.E.E., Delhi held that ­­where services were

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the Income Tax deduction cannot be allowed to the payment of brokerage at the time of purchasing the property on the ground that the

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT)has held that the sale consideration received by a real estate agent towards the sale of property shall be treated as business income for the purpose

The Institute of Chartered Accountants of India ( ICAI ) has informed that the guidance note on Guidance Note on Accounting for Real Estate Transactions has been withdrawn. The ICAI had issued a Guidance Note on

The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) in the case of Prestige Estates Projects Pvt. Ltd. v. Commissioner of Central Tax held that no service tax can

The Securities and Exchange Board of India (SEBI) set certain regulations to amend the Infrastructure Investment Trusts Regulations, 2014 and Real Estate Investment Trusts Regulations, 2014. In exercise of the powers conferred under section 30