By Vimal C. Punmiya, Chartered Accountant 1. Before delving into the applicability of provisions of Chapter XXC and Taxability of additional FSI and TDR it […]
Category: Income Tax
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. 2(24) is very wide, a […]
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 as income from the business […]
No Capital Gain Tax On Housing Society Redevelopment
By Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2(24) is very wide, a […]
Consideration for permission to use TDR / FSI not chargeable to tax: ITAT Mumbai
By Legal Bureau The assessee co-op housing society gave permission to a developer to construct 2 floors and 8 flats on the building belonging to […]
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 of Fees of Consultants and […]
Service tax on free area given to members of society in redevelopment project
By CA Pathik Shah In Mumbai, many building are becoming older than 35 to 40 years and such building require redevelopment. Also due to shortage […]
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 any payment of pagdi. Q.2. […]
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 as income from the business […]
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. 2(24) is very wide, a […]