Taxgyany

Big Relief for Flat Owners: No Income Tax on New Redevelopment Flat Received in Exchange of Old One, Rules Mumbai ITAT

Big Relief for Flat Owners

Big Relief for Flat Owners Big Relief for Flat Owners If your society is undergoing redevelopment and you’re set to receive a new flat in exchange for your old one, there’s good news! In a major relief for homeowners, the Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that such transactions are not taxable under … Read more

GST on Housing Society Maintenance Charges Explained: What Every Apartment Owner Should Know

GST on Housing Society Maintenance Charges Explained

GST on Housing Society Maintenance Charges Explained GST on Housing Society Maintenance Charges Explained If you live in a residential housing society or apartment complex, you’re likely paying monthly maintenance charges. But did you know these charges could attract an 18% Goods and Services Tax (GST)? Many flat owners remain confused about when and how … Read more

Categories GST

GSTR-4 Annual Return for Composition Dealers – Due Date 30 April or 30 June?

GSTR-4 Annual Return for Composition Dealers

GSTR-4 Annual Return for Composition Dealers GSTR-4 Annual Return for Composition Dealers Under India’s Goods and Services Tax (GST) regime, small businesses can choose the Composition Scheme to reduce their compliance burden. This scheme is especially beneficial for businesses with a turnover up to ₹1.5 crore (or ₹75 lakh for certain special category states). GSTR-4 … Read more

Categories GST

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