Karnataka cabinet passes Real Estate (Regulation and Development) Act 2016 or RERA, ending weeks of uncertainty Bengaluru:Â The Karnataka government on Wednesday passed the Real Estate (Regulation and Development) Act 2016 or RERA, an Act described as customer-centric which aims to protect home-buyers and encourage genuine private players in the fast growing sector. The state cabinet …
As the Real Estate (Regulation & Development) Act, 2016, (RERA) crossed the Rubicon on May 1, 2017, there is a lot of speculation on its applicability and scope. One such aspect is the absence of mandatory occupation certificate and completion certificate in many cases. The Act states that all ongoing as well as under-construction projects …
Occupation Certificate but no Completion Certificate: Is RERA registration required? Read More »
MUMBAI: From June 1, individuals who pay a rent of over Rs 50,000 per month are required to deduct tax at source at 5%. The relevant section in the Income Tax (I-T) Act — section 194-IB — was introduced by the Finance Act, 2017 and it widened the scope of withholding tax by making individuals …
Paying Rs 50,000 rent per month? Better cut 5% TDS Read More »
BENGALURU: Applying for power connection? You might have to do it online only in future. Bescom is mulling over changing its mode of receiving application for fresh connections, change of names, application for temporary connection and making the process completely online. For this, the consumer/property owner has to come in person to the respective …
Bescom to take up online way for fresh connections Read More »
BENGALURU: Pay and use may become the maxim in the power supply sector too. Apartment complexes with more than 200 units and industries may have the option of buying prepaid meters in future. The move proposed by Bescom aims to benefit residents who stay out of home for long and wonder why they should pay …
Soon, buy power only when you need it via prepaid meters Read More »
