Posts Tagged “not”

Income Tax: Not just TDS, Form 26AS to show property, shares, MF transaction details

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Income Tax: Not just TDS, Form 26AS to show property, shares, MF transaction details

This proposed amendment will be effective from June 1, 2020 and the form and manner of the annual information statement will be prescribed by the government later separately. As the union Budget has proposed rationalisation of provisions relating to Form 26AS, taxpayers will now get a detailed information statement beyond the tax deducted at source…

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Lease rent dues of an immovable property not ‘Operational Debt’ under IBC, NCLAT

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Lease rent dues of an immovable property not ‘Operational Debt’ under IBC, NCLAT

The National Company Law Appellate Tribunal (NCLAT) has held that the lease rent dues of an immovable property does not fall within the ambit of ‘Operational Debt’ under the Insolvency and Bankruptcy Code, 2016 (IBC). The Order was passed by a three-member Bench of Member (Judicial), Justice AIS Cheema and Members (Technical) Kanthi Narahari, VP Singh in an appeal…

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Five-year mutual fund returns fall below PPF’s, but all is not lost

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Five-year mutual fund returns fall below PPF’s, but all is not lost

The economic slowdown, which has been gathering pace since the start of 2018, has now come to bite mutual fund returns. Key equity mutual fund categories have delivered lower returns than the Public Provident Fund (PPF), a risk- and tax-free debt instrument, in the last five years, even as more and more people are now…

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Rate cuts not enough to revive property market growth

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Rate cuts not enough to revive property market growth

Despite RBI slashing repo rate by 110 basis points so far this year, there would be no impact on the housing market: Reuters poll India’s liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest…

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

The city administration has decided to collect property tax from individual flats rather than entire buildings in a move anticipated to both hold the individual flat owner more accountable as well as facilitate the tax payment for Mumbaikars. The Brihanmumbai Municipal Corporation’s policy decision has been taken under section 155 of the Mumbai Municipal Corporation…

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Income-tax law does not consider all inherited assets as ancestral property

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Income-tax law does not consider all inherited assets as ancestral property

Not all properties that you inherit can be termed as ancestral property for tax purposes. Ancestral property is defined as one which a person inherits from any of three immediate male ancestors—father, grandfather and great grandfather. Properties inherited from any person apart from these three relations are not considered as ancestral properties, according to the Income-tax Act,…

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Is ‘Property Brothers’ Totally Fake? Here’s Why Some Fans Are Convinced It’s Not Real

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Is ‘Property Brothers’ Totally Fake? Here’s Why Some Fans Are Convinced It’s Not Real

Anyone who’s watched HGTV for more than five minutes has probably seen the identical smiling faces of Drew and Jonathan Scott. The Canadian twin brothers are two of the most recognizable hosts and their long-running series Property Brothers is one of the most beloved shows on the network. However, like so many home renovation shows, Property Brothers has come under fire…

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Army is not PM Modi’s personal property; NDA govt released Azhar: Rahul Gandhi’s counter to BJP on nationalism

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Army is not PM Modi’s personal property; NDA govt released Azhar: Rahul Gandhi’s counter to BJP on nationalism

Taking the BJP’s nationalism narrative in the ongoing Lok Sabha polls head-on, Congress president Rahul Gandhi on Saturday said the Indian Army is not Prime Minister Narendra Modi’s “personal property” and it should not be politicised as he also slammed the government on tackling terror, citing JeM chief Masood Azhar’s release during the NDA rule….

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