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Consumer redressal asked builder to pay Rs7.5L for irregularity

Written on 3 Feb, 2012 at 18:11 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) Mumbai:The Maharashtra State Consumer Disputes Redressal Commission has ordered to Thane based builder to pay Rs.7.5L for irregularities and practicing fake business practice. According to the senior officials said that, M/S Animesh Enterprises to pay Mangesh Ghadge... (Continue reading)

No Capital Gain Tax On Society Redevelopment

Written on 2 Feb, 2012 at 12:54 in Real Estate News, Society | viewed 0 times | 0 Comments

By Accommodation Times Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2(24) is very wide, a capital receipt is not chargeable to tax as income unless there is a specific... (Continue reading)

Wealth Tax Liabilities and Calculations

Written on 31 Jan, 2012 at 12:45 in Investments, Legal, Real Estate News | viewed 1 times | 0 Comments

By Accommodation Times Bureau By CA.Dr.Rajendrakumar Jain Until few years ago it was a popular notion that “wealth tax” is for super rich citizens and not for common people. But rising prices of property, gold, silver have changed the scenario. Now a... (Continue reading)

HC firm to levy on service tax, property prices will go up

Written on 21 Jan, 2012 at 18:08 in Legal, Real Estate News | viewed 4 times | 1 Comment
HC firm to levy on service tax, property prices will go up

By Accommodation Times (www.accommodationtimes.com) Mumbai: Bombay High Court has recently ordered that now onwards homer buyers will have to pay extra amount for property, as it is legal to be levied service tax on constructions of flats and different properties. On this... (Continue reading)

Compounding of Contraventions under FEMA, 1999

Written on 21 Jan, 2012 at 13:52 in NRI & FEMA | viewed 0 times | 0 Comments

RBI/2011-12/357 Master Circular No.8 /2011-12 July 01, 2011 (Updated as on January 20, 2012) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Circular on Compounding of Contraventions under FEMA,... (Continue reading)

In Jt Development, performance of Builders will be “Transfer”

Written on 6 Jan, 2012 at 15:55 in Land Law, Real Estate News | viewed 2 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) Shri Suresh Kumar D. Shah v. DCIT (ITAT Hyderabad)- It is held that in a Joint Development Agreement if the Developer has performed or is willing to perform his part of the contract, then the transaction... (Continue reading)

No commercial activities in residential area, 21banks banned in Noida: SC

Written on 10 Dec, 2011 at 17:59 in Legal, Real Estate News | viewed 0 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) New Delhi: On Monday the Apex Court has come out with the decision of immediate closure of 21 banks and nursing homes operating in sector-19 and then expanded the ambit of its verdict to banning any further commercial... (Continue reading)

Builder to pay 80k for Deficiency in Service, Madurai HC

Written on 7 Dec, 2011 at 18:17 in Legal, Real Estate News | viewed 2 times | 0 Comments

By Accommodation Times (www.accommodationtimes.com) Madurai: The latest Judgment delivered by Madras High Court, Justice K Chandru dismissed the petition filed by builder and refused to set aside the order of the Madurai District Consumer Disputes Redressal Forum directing a builder to... (Continue reading)

RESPONSIBILITY OF OWNER OR OCCUPIER TO KEEP AND MAINTAIN EXTERIOR OF BUILDING IN GOOD CONDITION

Written on 2 Dec, 2011 at 18:08 in Legal, Real Estate News | viewed 11 times | 0 Comments

RECENT AMENDMENT OF BMC ACT BY STATE GOVERNMENT By Adv. Sanjeev Kanchan The Maharashtra State has inserted new Section bearing No.354AA to the BMC Act, 1888 with effect from 3rd April 2011 and fixed ‘Responsibility of keeping and maintaining exterior of... (Continue reading)

“A real estate brand is not merely a function of advertising and communication – it’s also a function of the buildings that come up”

Written on 2 Dec, 2011 at 18:02 in Legal, Real Estate News | viewed 1 times | 0 Comments

Says G Pandrang Row, Partner, Vertebrand Management Consulting “Real estate prices down 20%.” “Real estate players forced to release stockpiled property due to funds crunch.” Headlines like these just about summarize the reason why real estate players need genuine branding and genuine... (Continue reading)

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