FinMin refuses to remove Service Tax
As per the Economic Times today, the Finance Ministry has refused to withdraw the Service Tax imposed on construction projects in the Real Estate Sector. ET reports further: The Budget…
Read more »Associations helping in Khata Registration
It is an open secret in Bangalore that for Khata registration or transfer, Bribe is one of the line items of the unseen Invoice. Alongside the vast majority of Home…
Read more »Association under Karnataka Apartment Ownership Act
Our Users have frequently requested for a set of Information / Documents that is typically required while registering an Association under the Karnataka Apartment Owners Act – 1972. Below is…
Read more »Service Tax Refund for Apartment Owners
By Neeta Agarwal, Chartered Accountant, guest blogger of ApartmentAdda. Construction of Residential Complex was brought under service tax w.e.f. 01.06.2005 and there was no ambiguity among the stake-holders at the…
Read more »Registration of Apartment Owners Association
We have been receiving many questions related to the procedure for Home Owners Association/ Apartment Owners Association Registration in Karnataka, under the Karnataka Societies Registration Act – 1960 . Here…
Read more »Income Tax for Apartment Owners Associations
Are Apartment Owners’ Associations in India liable to pay Income tax? Which income categories are taxable and which are exempt? Do they need to file tax returns every year? These…
Read more »Bangalore Property Registration made easy
Most Apartment owners in Bangalore are a little too familiar with the pains of obtaining a BBMP Khata (Khatha). Without the Khata the apartment is difficult to sell. There are…
Read more »Is Bribe a mandatory part of Khata Transfer in Bangalore?
Most of us would let out a helpless sigh about bribing and khata transfer and say – Yes.. The SunCity Apartment Owners Association (SAOA), proudly and strongly says – NO!…
Read more »BBMP takes property tax payment online!
As promised by BBMP while releasing its online Property Tax Calculator, it has now taken the payment of Property Tax online! Which means you can pay the property tax for 2009-2010 right from the…
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A guide to Apartment Owners Association in Bangalore
Come March – the typical fiscal year end, most Apartment Complexes in India get busy with their annual elections – to elect a new Management Committee of the Apartment Owners’…
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