As per section 3 of The Real Estate (Regulation and Development) Act, 2016 (here-in-after referred as RERA), which has come into force from 1st May, 2016 and has been notified to be commenced w.e.f. from 1st May 2017.

GST is expected to be implemented from 01/07/2017. GST would apply to all goods and services except Alcohol for human consumption.

Private-sector employees will soon be able to withdraw up to Rs.20 lakh in tax-free gratuity after the Centre decided to amend a law and bring them at par with central government staff.

The Central Board of Direct Taxes (CBDT) has signed 10 more unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.

The Reserve Bank of India has issued Master Direction for Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016. These Directions shall apply to all deposit taking Non-Banking Financial Companies and systemically important non-deposit taking Non-Banking Financial Companies.

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Recent time has witnessed a high surge in the eco-system best suitable to feed and take care of start-ups. We can summarize some of them as under:-