No TDS is to be deducted on the amount reimbursed by the Developer to the Society
By Legal Bureau TDS on receipt. Whether tax shall be deducted at Source (TDS) from Corpus Money, Allowances, Compensations, Reimbursement…
Income Tax Provisions on Members of Society in Redevelopment
By Legal Bureau 1.As discussed, the capital gains on transfer of development rights to the developer arises : (a)to the…
Taxation on Sale/ Surrender of Tenancy Rights in Residential Buildings in Maharashtra
By Vimal Punmiya Q.1. Is pagdi official now? Ans: Yes. The Maharashtra Rent Control Act,1999 has legalised the receiving of…
Non-occupancy charges received by Housing society not taxable
By Legal Bureau Assessee has challenged the addition of Rs.30,914/- made by the Assessing Officer on account of non-occupancy charges…
No Capital Gain Tax On Society Redevelopment
By Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s.…
Society Redevelopment is Not Transfer in society’s hands
By Legal Bureau Raj Ratan Palace Co-op Hsg Soc vs. DCIT (ITAT Mumbai)- The assessee-society had merely given permission to…