RERA Act provides safeguards to developers & customers in India. Today every developer and customer has to be govern by RERA Act and its provisions while developing projects by developers…
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Real EstateRERA
CANCELLATION OF AGREEMENT FOR SALE DUE TO DEFAULT OF ALLOTTEE OF PROPERTY under RERA Act
by Taxchanakyaby Taxchanakya -
FinanceRBI
RBI Fair Practice Code: Now Interest will be charge by Lenders from the date of receipt of funds in Bank Account
by Taxchanakyaby TaxchanakyaHome Loans, Mortgage Loans or any type of Loans, customer usually starts to make payment of Interest from the date of disbursement of loan even though they don’t receive actual…
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One person companies are in existence in certain countries. In India this concept has been mooted by the Ministry of Corporate Affairs by allowing One Person Companies in India in…
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FinanceIncome Tax
Non Payment of Income Tax cannot be termed as Tax Evasion – Madras HC
by Taxchanakyaby TaxchanakyaThe Madras High Court has quashed the prosecution initiated by the income tax department under section 276C(2) of the Income Tax Act, 1961 by holding that there is no willful…
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Income Tax
Step-by-step guide to ‘Faceless Assessment Proceedings’ under Section 144B
by Taxchanakyaby TaxchanakyaIndian government introduced the concept of faceless assessments, whereby scrutiny assessments are carried out in a faceless manner, that is, without any physical meeting or submission of physical documents. The National…
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Income Tax
Faceless Income Tax Assessment U/S 144(B) of Income Tax Act
by Taxchanakyaby TaxchanakyaAfter filling Income Tax Return, Income Tax authorities may select certain tax returns for detailed scrutiny and request that the individual submit documents evidencing the claims made in the return…
