Don’t Delay in Filing your Annual Return and Financial Statement
An article about the due dates of filing annual returns forms and major changes introduced with regard to additional fees and penalty provision.
Search Results for: delay
Don’t Delay With Filing of Your Income Tax Return
If a person is required to file ITR but does not file it on time prescribed under Income tax act then late fees have to be deposited by him while filing his ITR.
Builders not liable to pay for ‘justified’ delays: MahaRERA
MUMBAI: The Maharashtra Real Estate Regulatory Authority has for the first time expanded the scope of reasons beyond a builder’s control. The authority upheld a city builder’s claim that a 2009 project was delayed due to change of law, administrative conflicts and “incorrect classification of the plot as CRZ II’’ —reasons beyond his control. Hence, the builder … Continue reading “Builders not liable to pay for ‘justified’ delays: MahaRERA”
“Possession can’t be delayed again and again for homebuyers” NCDRC
The possession of flats booked by homebuyers can’t be delayed. The apex consumer commission has said as it asked a private builder to refund the amount paid by its customers. The National Consumer Disputes Redressal Commission (NCDRC) pointed that possession was not given to homebuyers even after 5 years and asked New Delhi-based Adel Landmarks Limited … Continue reading ““Possession can’t be delayed again and again for homebuyers” NCDRC”
System can’t be Blamed by Builders for delay in Delivery
Maharashtra Real Estate Regulatory Authority (MahaRERA) alleged that builders cannot blame the system to seek exemption from paying rectification to homebuyers for the delay in completion of projects. The regulator has authorized that the developer is not entitled to recover any money from allottees without approvals of the competent authority. With this, MahaRERA has re-established … Continue reading “System can’t be Blamed by Builders for delay in Delivery”
Consumers want “No Stretch for Builders” in Delayed Projects
In protest against builders under the Real Estate Regulatory Authority (RERA) consumers established their own forum “Fight for RERA” comprising of homebuyers. The forum touts the RERA Authority not to grant stretch to builders who have already delayed their projects. The forum feels that any further stretch will violate the said RERA Rules. It was … Continue reading “Consumers want “No Stretch for Builders” in Delayed Projects”
Karnataka real estate industry concerned at RERA penal provision for delays
MANGALURU, NOVEMBER 10: Real estate sector has expressed concern over the penal provisions in the Karnataka Real Estate Regulatory Authority (RERA) Act in case of project delays, even for reasons beyond builders’ control. Addressing a workshop organised by Karnataka Real Estate Regulatory Authority, DB Mehta, president of the Mangaluru chapter of Credai (Confederation of Real … Continue reading “Karnataka real estate industry concerned at RERA penal provision for delays”
Delay in Possession of the Flat
This article is about just to shed some light on the issue to understand this predicament of Delay in possession of the flats.
Do not worry! Penalty for delay in filing returns will be applicable from 2017-18
The Narendra Modi government at the Center had said in February this year that the delay in filing an Income Tax return was a maximum of Rs 10,000. However you do not have to worry about it anymore. This plan will not apply this year, but from 1st April next year.
GST delayed, rollout now likely on 1st June
The rollout of GST is likely to be delayed by two or three months, the government is yet to finalise a date, but its likely to settle for either 1st June or 1st July. Non Consensus of Central and State government over the sharing of powers is major reason that all provision of GST is … Continue reading “GST delayed, rollout now likely on 1st June”
Delay in daily reporting of banks to RBI
RBI vide its circular dated November 08, 2016 has specified all the banks to send daily report to RBI with details of Specified Bank Notes (SBNs). However, RBI has observed that the banks are sending the reports with significant delay causing severe inconvenience in collation and consolidation of data at RBI. Therefore, the banks are … Continue reading “Delay in daily reporting of banks to RBI”
Interest For Delay In Payment Of Service Tax
Vide Notification No 12/2014-ST dated 11.7.2014, rate of interest to be charged on delayed in payment of service tax has been enhanced w.e.f. 1.10.2014, based on period of delay.
Challenges and Opportunities in Implementing the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Code, 2016 (IBC) marks a significant milestone in the realm of insolvency and bankruptcy resolution in India. With its passage by Parliament and Presidential assent on May 28, 2016, the IBC revolutionized the legal framework surrounding insolvency and bankruptcy.
Timely Filing of Claims in case of Real Estate Projects undergoing CIRP
At the initiation of CIRP when a public notice is issued under Section 15, claims of creditors are invited; but in some scenarios in real estate cases, homebuyers are often unable to take note of the public announcement of CIRP owing to different factors.
Understanding Possession for Fit-Out Basis: A Comprehensive Overview
Possession for fit-out basis is a term that has gained significant traction in the real estate sector, particularly in burgeoning urban areas like Noida. This concept allows property buyers to take early possession.
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