Navi Mumbai Real Estate

Joint owner not liable to pay Tax if no amount paid from his/her account for purchase of property

The Mumbai Income Tax Appellate Tribunal has ruled that Joint owners of properties by mere name cannot be held liable for Tax liabilities if the purchase of the property was not financed by him/her. Many people/couples purchase flats/properties in Joint names for convenience and security sake, but the money is paid entirely by one of […]

Knowledgebase

2200 builders refuse to pay VAT

Many builders have ignored the Govt deadline to register and pay VAT before the October 31,2012 deadline despite Supreme Court rap.About 5257 builders registered themselves to pay VAT for the sales between June 20,2006 to March 31,2010 with the Sales Tax Dept.However,approx 2200 builders from Pune have not paid VAT.Most have showed nil returns.Most builders

, Navi Mumbai Real Estate

Ambani plans township in Ulwe,Dronagiri

Next four months will see the launch of the biggest residential township with state of the art facilities by Reliance. The state govt has recently altered its Industrial policy by allowing land which was acquired for building SEZ\’s (special economic zones) to be used for building residential buildings.40% of the land acquired for SEZ\’s can

, , Navi Mumbai Real Estate