real estate news
India's Financial Secrecy: Real Estate, Trusts, and Partnerships Under the Microscope
India has climbed to 24th place in the Financial Secrecy Index, highlighting significant areas of opacity in real estate, trusts, and partnerships. Despite progress in corporate transparency, the country faces challenges in automatic information exchange and anti-money laundering frameworks.
real estate news
5 Essential Tips for NRIs Investing in Property in India
Discover the crucial steps Non-Resident Indians (NRIs) should take before investing in property in India. From funding the purchase to tax considerations and due diligence, this guide covers everything you need to know.
Real Estate
Key Risk Areas for CAs in Filing ITRs for HNIs and Business Owners
High Net-Worth Individuals (HNIs) and business owners have complex financial structures that introduce various tax complexities and regulatory risks. Chartered Accountants (CAs) must be vigilant to ensure accurate tax reporting and optimal financial structuring.
Real Estate
GST Audit on Flat Sales: Understanding the 1% and 5% Rates - A Comprehensive Guide
Real estate projects are categorized into Residential Real Estate Projects (RREP) and Real Estate Projects (REP) under GST. This guide explains the correct GST rates and common audit issues to avoid.
Real Estate
Will the Income Tax Department Extend ITR Filing Due Date for AY 2025-26?
As the July 31 deadline for filing income tax returns (ITR) approaches, chartered accountants (CAs) are already fielding early questions from clients about potential extensions. With the delay in releasing ITR forms and utilities, the possibility of an extension is being discussed.
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.