Real Estate
ITAT Rules on Cash Deposits in Real Estate: Demonetization Impact Explained
The Income Tax Appellate Tribunal (ITAT) Surat Bench ruled that a real estate firm's cash deposits during demonetization were mostly explained. The tribunal limited the addition to 25% of the disputed amount, rejecting the Assessing Officer's claim that the entire balance was unexplained.
Real Estate
Understanding Cash Transaction Limits for Business Expenses and Asset Purchases
Learn about the cash transaction limits for business expenses and asset purchases as per Section 40A(3) and Section 43 of the Indian tax laws.
Real Estate
Understanding Cash Transaction Limits for Business Expenses and Asset Purchases
Learn about the cash transaction limits for business expenses and asset purchases as per Section 40A(3) and Section 43 of the Indian tax laws.
Real Estate
Understanding Cash Transaction Limits for Business Expenses and Asset Acquisition
Explore the legal limits on cash transactions for business expenses and asset acquisition, including the exceptions and implications for tax-deductibility and depreciation.
Real Estate
Cashier Takes Own Life by Touching Live Wire After Theft Accusation in Telangana
A tragic incident unfolded in Sangareddy, Telangana, where a cashier, accused of theft, ended his life by touching a live electric wire. The case has sent shockwaves through the community, highlighting the severe consequences of financial misconduct.
Real Estate
ED Uncovers Rs 100 Crore Unaccounted Cash Transaction by Sai Surya Developers
The Enforcement Directorate (ED) has uncovered a massive unaccounted cash transaction worth Rs 100 crore involving Sai Surya Developers, a prominent real estate company based in Vengal Rao Nagar, Hyderabad. The discovery was made following a complaint registered at the Madhura Nagar police station, alleging financial irregularities.