Welcome to Market Adda!

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Hey there! Welcome to The Market Adda, a one stop portal for market analysis, Tax updates analysis, Economic and Monetry Policies Analysis, Financial news and Beginners Finance knowledge Guide. The Market Adda is a multi-area finance blog by passionate Finance Students with the aim of simplifying the market analysis for layman and beginners. Keep checking out regularly to stay updated!

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Major Tax Updates As On 20th July 2017

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MAJOR TAX UPDATES Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income should be treated as income from other sources - deduction in terms of Section 57 (iii) allowed - HC - Income Tax NO TDS on GST component - wherever the component of GST on services is indicated separately in the Invoice - tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid or payable without including such GST on services component - Circular - Income Tax Just because appellant carried out ancillary activities of loading unloading etc. which is not the essential character of the activity contracted to him but only ancillary to the main work of transportation of break-bulk cargo it would not be just and proper to bring such activity within the fold of Cargo Handling Service . - Service Tax
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How to book a tatkal e-ticket on IRCTC Rail Connect App in 10 easy steps

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How to book Tatkal e-tickets from IRCTC and make payment via e-wallet: 1. You need to create an account on IRCTC’s online portal. 2. You are requested to login to the IRCTC official website as much as 5 to 10 minutes before the stipulated time. 3. The maximum number of people you can book the e-ticket is 4 Passengers per PNR for Tatkal tickets. 4. For AC ticket the time starts at 10:00 AM and for Non-AC ticket, the time starts at 11:00 AM. 5. You need to select origin-destination and the date of journey. Click on Submit. 6. This is where you need to select quota as “TATKAL”. After doing that, you need to click on BOOK NOW for today’s date for any train. 7. Fill in the details correctly such as Name, Age, Gender, Seat Preference etc. 8. You need to check the “Book only if confirm berths are allotted” checkbox. 9. Another thing to keep in mind is that you will need to enter the Captcha carefully. 10. While making the payments, you will need to select the e-wallet. You can ...
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Real Estate Regulation Act, 2016

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The Real Estate (Regulation and Development) Bill, 2016 was introduced by Dr. Girija Vyas, Minister of Housing and Urban Poverty Alleviation in 2013. The Union Cabinet of India approved 20 major amendments to the Bill upon Rajya Sabha’s recommendations, in 2015. It then finally got approved by the Rajya Sabha and the Lok Sabha on 10th and 15th March, 2016, respectively and finally became an Act in May, 2016. What is It? RERA aims to create a regulatory body for the real estate sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects. In order to achieve this, registration of the projects covering either more than 500 sq. ft. land or involving at least eight apartments has been made compulsory. The builder or “promoter” will need to furnish the details of the project online and this information would be available to the public. Earlier, builders used to include extra spaces in the carpet area and charged buyers 20-30 ...
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