New Delhi: The Income Tax Department has detected about Rs 470 crore TDS (tax deducted at source) default by some big Delhi-based corporate houses after surveys were conducted against them recently, officials said. The department’s TDS wing in Delhi has launched a special monitoring of private companies and government organisations in order to ensure that due taxes are deducted under this direct taxes Read More

Deteriorating finances in Mumbai — whose budget is bigger than several of the states — bodes ill for India’s economic revival because local expenditure has a bigger impact than that by Prime Minister Narendra Modi’s administration. Mumbai’s municipal body expects income on its rS 786.7 billion of investments to drop 11% due to lower bank interest rates in the next Read More

The latest RBI credit policy has thrown a lifeline to real estate companies. I don’t think they thought RBI could have this kind of consideration for commercial companies? No, it is commercial real estate and it includes residential. When they say commercial real estate, it means residential, retail, commercial all the three. That is how commercial real estate lending is defined in the banking Read More

Udaipur : In a joint collaboration of the Forest Department, Bella Basera Resort and Spa,Kumbhalgarh and Le Tour De India the third edition of exclusive cycling adventure ‘Pedal To Jungle’ would be held from February 7 to 9. The event aims to promote wildlife-eco-responsible tourism and the adventure expedition is especially designed to provide the cyclists with a thrilling jungle experience. Read More

  The real estate sector, which accounts for the majority of the savings of Indian households, has been notorious for malpractices such as project delays, siphoning of investors’ money, changing the layout of the projects without the consent of homebuyers, increasing the prices arbitrarily and so on. However, given the fall in demand and corrosion of homebuyers’ trust, developers are now Read More

The first Union Budget of the 2020s underlines GoI’s intent towards building a strong foundation for achieving the goal of making India a $5 trillion economy. More importantly, finance minister Nirmala Sitharaman has made emerging global technology trends, along with inclusive growth, as the backdrop for the budget. It was heartening to hear quantum computing, machine learning (ML) and artificial intelligence (AI) find a Read More

Innovation due to technological advancements is moving at a faster pace than ever. Gartner estimates that by 2021, we will have approximately 25 billion connected devices that generate 44 zettabytes of data. Even at this rate, over 90% of the world’s data was created in the last several years. This rapid pace of technology change is only increasing and impacts every facet of life, Read More

To protect the interest of home buyers and other parties involved in a property transaction, against issues related to the title of a property, The Real Estate (Regulation and Development) Act (RERA) has mandated developers to buy title insurance. It is a tool to mitigate the risks related to the transfer of title of a property—the instrument that provides evidence Read More

Budget 2020 Expectations for Real Estate: Income tax relief from the chargeability of notional rent on fresh/new purchase of under-constructed properties, even if the property remains unrented, is another measure that once implemented, will have a positive impact on the sector. Budget 2020 Expectations for Real Estate: With the Budget 2020 just a few days away, the real estate sector is Read More

Even as the National Highways Authority of India (NHAI) is in the process of digitising all state highways, a FASTag-like technology is being rolled out in some petrol pumps in India. The technology, called Fastlane, was developed by Mumbai-based startup AGS Transact Technologies Ltd in June 2019. Currently, there are more than 120 Fastlane-enabled HPCL petrol pumps in Mumbai, Navi Read More