Requirement of Registration under RERA Law

Registration of Real Estate Project Section 3 of the RERDA prohibits Sale or Marketing, etc of a Real Estate Project without registration with RERA No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any…More

Role of CAs under RERA Law

Role of Chartered Accountants 1.    Third proviso to Section 4(2) of the RERDA mandates that the promoter (a)   shall get his accounts audited within six months after the end of every financial year by a chartered accountant in practice, and (b)   shall produce a statement of accounts duly certified and signed by such chartered accountant…More

DEDUCTION UNDER SECTION 80-IBA FOR AFFORDABLE HOUSING PROJECTS

Sl. No. CRITERIA CONDITIONS 1 Eligible Business The business of developing and building housing projects 2 Amount of Deduction 100% of profits and gains derived from eligible business 3 Period of Deduction 3 consecutive assessment years 4 Commencement of Deductions 3 consecutive Assessment years beginning from the year in which the eligible approval of the…More