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DEFECT LIABILITY
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...- The NCPI gambit: TMC rebels' unlikely escape route runs through an obscure partyTwenty Trinamool Congress Lok Sabha MPs have joined the Nationalist Citizens Party of India. This move bypasses legal hurdles and allows th...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- Sebi expands permitted use of borrowings for highly leveraged InvITsThe changes, which have come into force with immediate effect, are aimed at providing greater flexibility to InvITs in managing funding req...
- Jaguar Land Rover ordered to refund Rs 1.65 crore, panel slams 'deceptive' speed claims, chassis 'surgery'Jaguar Land Rover India must refund 1.65 crore rupees to a Roorkee firm. The company's flagship SUV had manufacturing defects and unauthori...
- Road ministry decides to double 'defect liability period' under EPC contracts to 10 years: GadkariUnion Minister Nitin Gadkari announced that the government will double the defect liability period for contractors of EPC projects from 5 t...
- More taxpayers getting defective ITR notice from tax dept this year; How to rectify the defectDefective ITR: Chartered accountants report that many of thier clients have received defective ITR notices this year. As per Amit Bansal, P...
- MahaRERA proposes self-declaration of project quality by realty developersThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration on proje...
- Road builders may be liable for 10 yearsUnder the EPC mode, the maintenance of highways is the responsibility of the central government after the defect-liability period is over. ...
- What is a defective income tax return (ITR), how to correct itA taxpayer will get a notice pertaining to his/her return being classified as defective due to many possible reasons like PAN name mismatch...
- DDA approves guideline to fix accountability of builder in case of structural defectProfessionals such as architects, engineers and supervisors will have to take professional liability insurance and the developers or promot...
- Fund paucity halts repair of PMGSY roadsAs many as 40% of roads have completed their design life and require repair/renewal. But funds are elusive.
- Homebuyers’ body opposes developers’ plea to amend structural defect liabilityThe Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association, has objected to realty developers’ proposal to amend...
- Unregistered projects come under RERA too: Gurgaon benchThe Gurgaon bench has announced RERA as the de facto regulator of the real estate sector and all new projects are to be registered with the...
- Delhi Development Authority proposes new building byelawsConstruction firms, contractors of three-storey flats or bigger shopping complexes may be responsible for structural flaws or defects in co...
- Now, an insurance cover for structural defects in buildingsWhile the policy is designed to cover the developer's liability, unlike other liability covers the claim will be paid without the property ...
- Architects, engineers to be liable for building for 10 years in MaharashtraThe new provision in the city's development control rules will apply to only projects with built-up area of 20,000 sq m and above.
- Confederation of Indian Industry seeks clarity on nuclear liability lawAmid apprehensions among foreign companies over the nuclear liability law, the CII today sought clarity on certain sections.
- BPCL to pay Rs 6.5 lakh for supplying defective cylinderThe National Consumer Commission has rapped the Bharat Petroleum Corporation Limited (BPCL) for not taking responsibility for supply of a d...
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