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LANDOWNER TAX LIABILITIES
Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...
In 1999, 17 wind turbines went up on a Minnesota soybean-and-cattle farm; farming continued as turbine leases provided additional incomeSince 1999, rural Minnesota farmers have harnessed wind turbines for financial stability. Each turbine's land lease can bring in between $2...
5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
Homebuyer to get Rs 1.28 crore refund with interest as MahaRERA raps builder for prolonged delay in getting OCA homebuyer will receive a Rs 1.28 crore refund with interest from a builder. MahaRERA ordered the payment after the project failed to get ...
SC stays GST demand on real estate joint development pactsIn a pivotal ruling, the Supreme Court has granted a temporary reprieve against a Goods and Services Tax demand related to a joint developm...
RBI may let real estate tap offshore loans in bid to shore up dollar flowsThe Reserve Bank of India is poised to liberalise its foreign loan regime, potentially allowing External Commercial Borrowings (ECBs) in re...
High Court order offers tax relief for builders in joint development pactsThe Bombay High Court's Goa bench has ruled that GST is not applicable to construction services under a JDA once the developer gains proper...
GST is applicable on joint development of properties in this condition, rules Patna High Court; buyers must check thisThe Patna High Court has ruled that GST is applicable on RCM basis on the transfer of development rights from a landowner to a builder befo...
Bombay High Court gives GST relief to homeowners: No GST on re-development by homeowners through builder under these termsReal estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner...
Landowners seek GST relief on joint development pactsLandowners are contesting Goods and Services Tax (GST) demands on joint development agreements (JDAs), arguing that transferring developmen...
Feroze Azeez decodes impact of removal of indexation benefit on sale of propertyWe have eliminated those which have been bought before 2001, because if you have a property before 2001, you have to make note of this poin...
What are TDS rules on buying a house? How to deduct, deposit tax and download Form 16BWhen an individual buys a house, then apart from other formalites such as registering the sale deed, making payments etc., they are also re...
Why homebuyers are likely to pay less GST on buying under-construction propertiesThe Gujarat High Court has stated that how developers/builders will calculate GST on undercontruction property. The recent judgement will b...
Housing ministry advises states to reduce stamp duty on property transactionsAddressing a webinar organised by industry body PHDCCI, he assured the industry that the ministry would examine its various demands.
need2know: Six macro triggers that market may watch todayState-run IOC, BPCL and HPCL have declared a combined special dividend of Rs 4,570 crore following pressure from the government.
Budget 2017: Tax relief may spur joint developments in realtyWith land cost making up 30-50% of the total expenditure for any realty project, this will help in prompting land owners and developers ink...
What's new in Budget 2017 for real estate sector?FM Arun Jaitley in his Budget 2017-18 speech has announced one of the much needed changes for the Indian real estate sector.
Budget 2014: 5 changes to improve housing and real estate sectorThe real estate sector has been the backbone of the Indian economy and has been a major contributor in the economic growth.
SEZs losing appeal for companies? Policy filp-flops speed up the pace of withdrawalsChina was reaping the benefits of such a policy crafted in the eighties and UPA-I felt SEZs could redefine India's status as an exporter.