AKRAMA-SAKRAMA-Update
The notorious Scheme of Regularisation of illegal buildings, layouts, DC Converted Sites, and Buildings with setbacks, height, and FAR violations, […]
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Government
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RAJA KALUVE ENCROACHMENT – CLEARING WORK BEGINS SOON
The Government and BBMP are seriously contemplating to revive the removal of the encroachment of raja kaluve and secondary channels
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AKRAMA-SAKRAMA AMENDMENT RETURNED
THE GOVERNOR OF KARNATAKA HAS RETURNED THE AMENDMENT BILL ON AKRAMA – SAKRAMA (REGULARISATION OF UNAUTHORISED BUILDING IN GOVERNMENT LANDS)
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The ISSUES the buyer may face to implement this TDS provisions – The rate of 1% may increase to 20% if seller does not provide PAN due to overriding provision of section 206AA of ITA.
Obtaining TAN number for complying with the provisions; Issuance of TDS certificate to the seller; Filing of TDS return quarterly
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TDS ON PROPERTY TRANSACTION FROM 01-06-2013
TAX DEDUCTED AT SOURCE (TDS) ON THE PROPERTY TRANSACTIONS ABOVE THE VALUE OF RS50 LAKHS IS EFFECTIVE FROM 01-06-2013, A
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NOTICE TO OVER 1,75,000 INCOME TAX ASSESSEES WHO HAVE NOT FILED THEIR INCOME TAX RETURNS
THE INCOME TAX DEPARTMENT HAS IDENTIFIED 12 LAKH NON-FILERS AND HAVE STARTED THE EXAMINATION OF THE DATA AND HAS ISSUED
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