The interim union budget 2019-20 has a lot in offering to both the buyers and developers of homes in the form of tax reliefs and benefits. Home buyers are given many reliefs from notional rent to investing in two house property to claim exemption from tax. On the other side, Read more
The GST council’s 32nd meeting was conducted in New Delhi on 10th January, and the meeting has proposed some key amendments. GST exemption threshold Sale of goods: The turnover limit of 20 Lakhs for availing GST registration exemption has been raised to 40 Lakhs w.e.f 1 April 2019. The limit Read more
Bahrain has decided to enter into the VAT regime following the path of its GCC co members Saudi Arabia and UAE. Its parliament has approved for a 5 percent value-added tax (VAT) in the kingdom from January 1 2019. The VAT law in Bahrain is considered to be more consumer Read more
We have seen how Demonetization process was initiated, and the supply of cash in the economy was regulated through exercising Disallowance on expenses incurred in cash, or by imposing higher tax rates on several transactions. This part of the article intends to discuss the other restrictions initiated post-demonetisation phase C- Read more
Selling off property Men from time to time have had a habit of collecting valuable things for use as well as for possession. Many find the idea of purchasing assets as a method of saving for future. Land, buildings, Gold, Vehicles and many other properties make a way to most Read more
