The income tax department permits joint owners of single house property to file the income tax return by simply using Form-1 (Sahaj) or Form-4 (Sugam). On 3 January, the taxpayers who had owned a house in joint ownership were debarred, and those who had paid Rs 1 lakh of electricity billed in a year or […]
Joint property owners can file income tax return using this forms.more
By Abhay Shah, Realty Quarter On 11 August, after the industry and homebuyers met with Finance Minister Nirmala Sitharaman to emphasize their issues regarding liquidity crunch, demand slowdown and stalled projects, the government proposed it would soon solve the problems that are affecting the real estate sector. The Minister of Finance conducted two separate meetings on August 11 – the first with the two apex realtors’ industry bodies CREDAI and NAREDCO, and the second with homebuyer associations to address the problems related to the property industry and measures to improve […]
Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.more
By Abhay Shah, Realty Quarter On 2nd of August, the income tax department disclosed raids on 40 premises of a real estate firm based in Mumbai claiming to have detected Rs 700 Crore worth of tax deception. The Central Board of Direct Taxes (CBDT), which frames tax policy, issued a declaration saying that the operation took place […]
Income Tax Department conducts a raid on prominent real estate firm in Mumbai, Pune and identifies Rs 700cr as black money.more