News Muncher - searching for deducting

3 days, 12 hours ago

Can I claim any rebate for interest received for multiple years in current year?

I had invested in bonds of a listed Company with a cumulative option for interest. My question is whether the whole amount of ₹75106 will be included in my income for this year or is any relief available to me for interest received for so many years together? Taxation of Interest Income: Accrual vs. Cash Basis Explained The first method …

Tax Income Interest Interest Income Offer Current Year

5 days, 11 hours ago

No impact of Swiss withdrawal of MFN status to India: Nestle India

The Hindu

Fast-Moving Consumer Goods major Nestle India on Thursday said the suspension of the MFN clause granted to India by Switzerland will have ‘no impact’ on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement is a policy issue between the government of India and Switzerland and is not ‘Nestle-specific’, the FMCG firm said in a statement. …

India Tax Switzerland Nestle Nestle India No Impact Dtaa

2 weeks, 1 day ago

What are the tax implications of selling property without a PAN?

Live Mint

My sister and I inherited a property from our mother in in 2020. However, if you do not have a PAN, the buyer is obligated to deduct tax at the higher of the prescribed rates – 20% as per Section 206AA of the Income Tax Act, 1961, which is assumed to include both surcharge and education cess. After deducting TDS, …

India Pan Buyer Tds Deduct Tax

2 weeks, 6 days ago

JVH Gaming to close 23 gambling arcades as tax hike bites

Dutch News

Gambling group JVH Gaming, which runs the Jack’s Casino fruit machine arcades, says it plans to close 25 outlets and reduce staff numbers at its headquarters, because of the increased tax on gambling, the Financieele Dagblad said on Wednesday. JVH Gaming runs 87 gambling arcades under the brand names Jack’s Casino, Flash Casino and Flamingo Casino and booked sales of …

Gambling Casino Jvh Jvh Gaming

2 weeks, 6 days ago

Delay In Handing Possession And Failure To Refund : Delhi State Commission Holds J.M. Housing Ltd Liable For Deficiency In Service

Live Law

The Delhi State Commission, presided by Justice Sangita Dhingra Sehgal, Ms. Pinki held that a delay in handing possession to the buyer is a continuous wrong and failure to refund for the same, amounts to deficiency in service. Observations by the State Commission The State Commission observed that the complainant qualifies as a consumer under the Consumer Protection Act, as …

Commission Complainant Builder Refund

3 weeks, 1 day ago

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1

Live Law

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Maharashtra RERA Holds Spenta Enclave Liable For Delay, Orders Interest To Homebuyers Case – Anil Kishinchand Rajani & Anr Versus Spenta Enclave Pvt. HARYANA REAL ESTATE REGULATORY AUTHORITY Haryana RERA Holds AKME Projects Liable For Over 10 Years Of Delay In Manesar Project, Orders Refund To Homebuyer Case – Preeti Yadav & anr Vs. M/s …

Real Estate Title Rera Godrej Properties Possession Deficiency Authority

3 weeks, 3 days ago

NT Education Minister Jo Hersey's plan to take truancy fines from Centrelink branded a 'scare tactic'

ABC

A plan by the new Northern Territory government to take fines from the Centrelink payments of parents who fail to send their children to school has been branded as a "scare tactic". But Opposition Leader Selena Uibo said Ms Hersey had been "unable to substantiate these claims" when the minister was questioned in parliament this week about the truancy officers …

School Payments Truancy Commonwealth Federal Fail Fines

4 weeks ago

Maharashtra RERA Directs Godrej Properties To Refund Booking Amount Paid By Homebuyer

Live Law

Maharashtra Real Estate Regulatory Authority bench comprising Mahesh Pathak has directed Godrej Properties Limited.to refund the amount paid by the homebuyer after deducting 2% of the total consideration. Background Facts Homebuyer purchased a flat in the builder's project named Godrej Greens situated at Pune by paying the booking amount of Rs.3,89,604/-. On 26 September 2020, Homebuyer mailed builder to cancel …

Godrej Properties Builder Refund Authority Homebuyer Consideration Maharashtra Rera

1 month ago

WB REAT Facilitates Settlement Between Builder And Homebuyer Over Termination Of Flat Booking Due To Non-Payment Of Total Consideration

Live Law

West Bengal Real Estate Appellate Tribunal bench, comprising Justice Rabindranath Samanta and Dr. Subrat Mukherjee, oversaw and facilitated a settlement between a builder and a homebuyer. Background Facts The Homebuyer booked a flat in the builder's project named ONE 10 situated at Mouza — Thakdari under Bidhannagar Municipal Corporation, North 24 Parganas. Observation and Direction by Authority During the pendency …

Tribunal Builder Booking Authority Homebuyer

1 month ago

[Deemed Dividend] Accumulated Profits Of Company U/S 2(22)(e) Of Income Tax Act Are Computed After Adjusting Depreciation: Telangana HC

Live Law

The Telangana High Court has held that for purposes of taxation, “accumulated profits” of a company are to be calculated after adjusting depreciation as per the Income Tax Act, 1961. In ruling so, a division bench of Chief Justice Alok Aradhe and Justice J. Sreenivas Rao cited two rulings of the Bombay High Court which held that “depreciation as granted …

High Court Tax Bombay High Court Income Tax Income Tax Act Income Act

1 month, 2 weeks ago

PDS rice distribution delay linked to wheat distribution indecision in Odisha

New Indian Express

BHUBANESWAR: With the state government in a spot over the mango kernel deaths in Kandhamal district, it has now come to light that distribution of PDS rice for the October-December quarter was delayed for about a month, thanks to the Food Supplies and Consumer Welfare department’s overdrive to provide wheat to ration card holders without due diligence. “Software upgradation of …

Pds Rice Pds Dealers Delay Linked Ration Distribution Rice Distribution

1 month, 2 weeks ago

Patna’s Moin-ul-Haq Stadium set to be redeveloped after Bihar Cricket Association and State Government sign MoU

The Hindu

In a positive development for cricket in the state, the Bihar Government and the Bihar Cricket Association on Wednesday signed a Memorandum of Understanding, granting the association a 30-year lease on the Moin-ul-Haq Stadium. The MoU officially transferred the stadium to the BCA and paved the way for the redevelopment of the 55-year-old stadium, which would be transformed into a …

Cricket Bihar Mou Bca

4 months ago

Kerala High Court Expresses Dismay Over Banks Deducting Loan Instalments From Relief Fund Of Wayanad Landslide Victims

Live Law

The Kerala High Court has expressed its "distress" over banks deducting monthly loan instalments from the funds deposited into the Wayanad Landslide victims' accounts from the Chief Minister Distress Relief Funds. However, Court orally remarked, “At the State level, Please give instructions to all the banks, at least of those whom you have some degree of control like cooperative banks…there …

Disaster Kerala Natural Disasters Court Victims Loan Wayanad

4 months ago

Wayanad landslides: Row over bank deducting EMI from survivors’ accounts

The Hindu

The Kerala Gramin Bank’s decision to deduct monthly instalment of loans from the accounts of Chooralmala landslide survivors has triggered controversy. Minimol, a private tea estate worker from Punchirimattom, who had taken a loan of ₹50,000 from the Chooralmala branch of the Kerala Gramin Bank to build a house, was hoping that the bank authorities would not deduct the EMI …

Bank Financial Aid Survivors Wayanad Landslides Chooralmala

4 months, 3 weeks ago

Railway RRB JE 2024 Registration Begins For 7,951 Posts, Here's How To Apply

ABP News

RRB JE 2024: Selection Process The selection process for RRB JE 2024 includes a two-stage computer-based test, followed by document verification and a medical examination for the shortlisted candidates. The RRB JE 2024 exam pattern consists of two Computer-Based Tests, both of which have a negative marking of 0.3 marks for each incorrect answer. The CBT 1 exam lasts 90 …

Cbt Rrb Je 2024

4 months, 3 weeks ago

Gilles' stoppage-time winner against France keeps Canada's Olympic women's soccer hopes alive

CBC

Sleepless nights, skipped meals and group crying sessions have been the norm for the Canadian women's soccer team over an unforgettable opening week at the Paris Games. WATCH l Gilles' late goal gives Canada 2-1 victory over host France: Vanessa Gilles' late game heroics keep Canada's Olympic soccer hopes alive Duration 4:35 In a must-win game for the defending champions, …

France Spain Olympics Japan Canada Germany New Zealand

5 months ago

Prince William refuses to reveal tax bill, breaking King Charles tradition

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Prince William’s Duchy of Cornwall estate, which he inherited on the death of his …

Royal Family Tax Official King Prince William King Charles

5 months, 3 weeks ago

Income tax rules you should know when buying property from joint owners

Live Mint

I am purchasing a house from joint owners. I know I can deduct 1% TDS on payments made to the resident Indian, but I am confused about the tax to be deducted on payments made to the non-resident joint owner. The provision of tax deduction@ 1% under Section 194-IA for purchasing a property is applicable when the seller is a …

Tax Resident Seller Deduct

5 months, 4 weeks ago

Vishakhapatnam District Commission Holds SBI Liable For Issuing Credit Card And Deducting Unjustified Charges Without Account Holder's Consent

Live Law

The District Consumer Disputes Redressal Commission-II, Visakhapatnam bench of Smt. P Vijaya Durga and Sri Karaka Ramana Babu held 'SBI Cards & Payment Services' liable for deficiency in service and unfair trade practices for issuing a credit card without the account holder's consent, which subsequently led to unjustified charges, wrongful deductions, and illegal collection of amounts. Feeling aggrieved, the Complainant …

Credit Credit Card Held Card Commission Complainant Cards

5 months, 4 weeks ago

Can homebuyers seek refund of booking amount from a real estate developer in case of job loss?

Hindustan Times

The Maharashtra Real Estate Regulatory Authority has directed the developer of Godrej Meadows project in Pune to partially refund the booking amount paid by two homebuyers after deducting 2% of the total booking amount. MahaRERA has directed the developer of Godrej Meadows project in Pune to partially refund the booking amount paid by two homebuyers after deducting 2% of the …

Homebuyers Order Case Maharera Total Developer Paid

6 months, 1 week ago

NEET-UG Results: Grace Marks Awarded To 1563 Candidates Will Be Cancelled, Retest On June 23, Centre Tells SC

ABP News

The Centre on Thursday told the Supreme Court that it has decided to cancel the grace marks awarded to1563 NEET-UG 2024 candidates in NEET-UG 2024 results. The Centre today informed the top court that it has been proposed that the grace marks awarded to 1563 students be cancelled. The court asked NTA's confirmed the submission with NTA's counsel and then …

Students Court Grace Marks Nta Centre Neet

7 months, 1 week ago

BRS, Congress in war of words over paddy procurement in Telangana

New Indian Express

HYDERABAD: Now that the polling process in the Lok Sabha elections has ended in Telangana, the ruling Congress and the Opposition BRS are criticising each other over paddy procurement and other issues related to agriculture. Even as Chief Minister A Revanth Reddy was conducting a review on agriculture situation in the state, the BRS staged protests on national highways over …

Congress Brs Paddy Procurement Procurement Process

7 months, 2 weeks ago

Interest Not Leviable From Assessee For Short Payment Of Tax Due To Payer's Default In Deducting TDS Before FY 2012-2013: ITAT

Live Law

The Delhi Bench of Income Tax Appellate Tribunal has held that since the assessee was a non-resident, the entire tax was to be deducted at source on payment made by the payer to it, and there was no question of advance tax payment by the assessee; accordingly, no interest under Section 234B could be levied upon the assessee.The bench of …

India Income Tax Payment Act Source Itat Assessee

7 months, 4 weeks ago

Fire Brick After Use In Kiln Is Not Liable To Excise Duty As Waste And Scrap: CESTAT

Live Law

The Ahmedabad Bench of Customs, Excise, and Service Tax Appellate Tribunal has held that the use of fire brick that is dismantled from the undershell of a kiln is not liable to duty as waste or scrap. The appellant/assessee submitted that after the use of the fire brick on which credit was taken on capital goods, it became waste and …

Duty Capital Goods Waste Rule Brick Stat Excise

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Search results for deducting

Can I claim any rebate for interest received for multiple years in current year?

No impact of Swiss withdrawal of MFN status to India: Nestle India

What are the tax implications of selling property without a PAN?

JVH Gaming to close 23 gambling arcades as tax hike bites

Delay In Handing Possession And Failure To Refund : Delhi State Commission Holds J.M. Housing Ltd Liable For Deficiency In Service

RERA WEEKLY ROUND UP: NOVEMBER 25 – DECEMBER 1

NT Education Minister Jo Hersey's plan to take truancy fines from Centrelink branded a 'scare tactic'

Maharashtra RERA Directs Godrej Properties To Refund Booking Amount Paid By Homebuyer

WB REAT Facilitates Settlement Between Builder And Homebuyer Over Termination Of Flat Booking Due To Non-Payment Of Total Consideration

[Deemed Dividend] Accumulated Profits Of Company U/S 2(22)(e) Of Income Tax Act Are Computed After Adjusting Depreciation: Telangana HC

PDS rice distribution delay linked to wheat distribution indecision in Odisha

Patna’s Moin-ul-Haq Stadium set to be redeveloped after Bihar Cricket Association and State Government sign MoU

Kerala High Court Expresses Dismay Over Banks Deducting Loan Instalments From Relief Fund Of Wayanad Landslide Victims

Wayanad landslides: Row over bank deducting EMI from survivors’ accounts

Railway RRB JE 2024 Registration Begins For 7,951 Posts, Here's How To Apply

Gilles' stoppage-time winner against France keeps Canada's Olympic women's soccer hopes alive

Prince William refuses to reveal tax bill, breaking King Charles tradition

Income tax rules you should know when buying property from joint owners

Vishakhapatnam District Commission Holds SBI Liable For Issuing Credit Card And Deducting Unjustified Charges Without Account Holder's Consent

Can homebuyers seek refund of booking amount from a real estate developer in case of job loss?

NEET-UG Results: Grace Marks Awarded To 1563 Candidates Will Be Cancelled, Retest On June 23, Centre Tells SC

BRS, Congress in war of words over paddy procurement in Telangana

Interest Not Leviable From Assessee For Short Payment Of Tax Due To Payer's Default In Deducting TDS Before FY 2012-2013: ITAT

Fire Brick After Use In Kiln Is Not Liable To Excise Duty As Waste And Scrap: CESTAT