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.
Search Results for: delay
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.
Treatment and Priority of EPFO dues under Insolvency and Bankruptcy Code, 2016 (“IBC”)
The provisions Insolvency and Bankruptcy Code, 2016 specifically provides for treatment for all sums due to any workman or employee from the provident fund, the pension fund and the gratuity fund. Further, in the present scenario there is much debate on the admissibility of the claim of EPFO under Sections 7Q and 14B for which … Continue reading “Treatment and Priority of EPFO dues under Insolvency and Bankruptcy Code, 2016 (“IBC”)”
REMEDIES FOR THE RESIDENT WELFARE ASSOCIATION, IF THE BUILDER IS NOT PAYING THE MAINTENANCE
The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted in India to regulate the real estate sector and protect the interests of homebuyers.
DAWN OF A NEW ERA: UNVEILING DIFFERENCES AND IMPLICATIONS OF INDIA’S REVAMPED CRIMINAL LAWS
India’s legal landscape has been reshaped with the unveiling of the Bharatiya Nyaya Sanhita, 2023, Bhartiya Nagarik Suraksha Sanhita, 2023, and the Bharatiya Sakshya Bill, 2023.
Navigating the Evolving Landscape of RERA Laws: A Present Perspective
In recent years, Real Estate Regulatory Authorities (RERAs) have emerged as key players in shaping the real estate sector, ensuring transparency, accountability, and protecting the rights of homebuyers. Real Estate Regulatory Authorities were established to regulate and promote the real estate sector, with the primary objective of safeguarding the interests of homebuyers and promoting fair practices within the industry.
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