The Central Board of Direct Taxes (CBDT) notified the Real Estate Regulatory Authority ( RERA ) eligible for exemption under section 10(46) of the Income Tax Act, 1961. The Government has notified the Income Tax

Siemens Limited is hiring Chartered Accountants for the role of Controlling Professional (Development and Transaction Project Controlling) at their Mumbai location. Candidates with at least 10-12 years of relevant experience are required. Siemens Real Estate

In Umesh Garg v. ITO, a division bench of the ITAT, New Delhi observed that section 50C of the Income Tax Act, 1961 special provision for full value of consideration in certain cases does not

The Income Tax Department carried out search and survey operations on 13.01.2021 on persons/entities engaged in the business of hotels, real estate, automobile, financing and wholesale trading of fruits, etc. at Kolkata. The cases were

The Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that the Service provided by the Project developer doesn't fall under Real Estate Agent and Service Tax is

The CESTAT, Ahmedabad bench has held that service tax cannot be levied merely on the basis of the income declared under the Income Declaration Scheme, 2016. The appellant is engaged in providing Construction of Residential

However, this exemption does not apply if the property is associated with a licensed business activity. Additionally, Real Estate Investment Trusts (REITs) and other Qualifying Investment Funds can also benefit from an exemption on income

In a significant operation conducted on October 9, 2023, the Income Tax Department undertook a thorough search and seizure action in Jammu & Kashmir, focusing on a prominent business conglomerate. This group operates across a

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that estimated project cost calculated as per provision of Water and Air Act and upholds the deletion of Additional income. The

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the purchaser and re-seller of land cannot be treated as a real estate agent and set aside the demand

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that service tax is leviable on the real estate agent for purchase and sale of immovable property under ‘Real Estate Agent

A Show Cause Notice was sent to a chartered accountant by the Maharashtra Real Estate Regulatory Authority (MahaRERA) for infringing the regulations under the Real Estate (Regulation and Development) Act. Additionally, the authority informed the

The Income Tax Department conducted a search and seizure operation on a leading automobile manufacturer group along with a company operating chartered flights and a real estate group of Delhi-NCR covering more than 35 premises

In a relief to Humdard, the Delhi High Court has held that  Material collected from the internet, estate agents cannot be termed as corroborative evidence for levying house tax. The Assessing Officer, for the Assessment

The Securities and Exchange Board of India (SEBI), for the second time, extended the due date for regulatory filings and compliances for REITs and InvITs owing to the impact of the CoVID-19 pandemic. SEBI, through