Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers. I have booked an under-construction flat with my wife and son as joint holders. My wife is a homemaker while my son is employed. Due to a delay in the construction, I am moving RERA in Mumbai for refund. I am certain to get (a) refund of the full amount paid (b) interest on delay (c) probably some compensation. I’m considering the following options on the use of the amount I receive. Option 1: Invest the entire sum jointly with my wife in another under-construction apartment offered by a good developer; option 2: buy a ready-to-move-in apartment in either in all 3 names or jointly with my wife; option 3: deposit with a bank. We have paid nearly Rs 1 crore. My wife had contributed Rs 8-9 lakh while my son (who was then a student) has contributed Rs 3-4 lakh. Suppose, we receive Rs 40 lakh as interest and Rs 5 lakh as compensation, how will the interest amount be treated in each of our hands under the 3 … [Read more...] about Tax queries: How will the refund I receive for delayed delivery of property be treated for tax purposes?
Swiggy, in a statement, said: As a safety-focused organisation, the safety of our delivery partners and the public is of utmost importance to Swiggy. We actively promote the adherence of traffic rules amongst our delivery partners and do not rate or penalise them for late deliveries. Delivery partners are consistently sensitised on safe riding practices, safety gear and parking etiquette. We also initiate necessary action against those found guilty of violating traffic rules, including termination of services. With the help of superior technology to predict realistic delivery timelines and route optimisation along with the largest delivery fleet in the country, Swiggy is able to maintain a reliable and seamless delivery experience both for consumers and our delivery partners. As part of our ‘Safety First’ initiative introduced last year, delivery partners undergo training on the various nuances of road safety including guidelines to ensure safer riding experience, emergency … [Read more...] about COP warns food delivery companies of legal action if staff is involved in traffic violations
“This is a growth that we can consider strong because it is within the historical average, but we see a slight slowdown compared to the last two years. But it should be noted that the last two years have been really exceptional with a growth that was not normal,” the body’s intelligence chief, Sandra Carvao, told a news conference. … [Read more...] about Global tourism growth slowed in 2019 due to cooling world economy: United Nations
The Guardian first reported the crown prince’s alleged involvement. It said the encrypted message from the number used by the crown prince is believed to have included a malicious file that infiltrated the phone Bezos had used and extracted large amounts of data. … [Read more...] about Ahead of UN report, evidence suggests Saudi hacked Jeff Bezos’ phone: Officials
New Delhi: Allcargo Logistics on Tuesday said it has acquired about 13 per cent stake in express distribution and supply chain solutions provider Gati Ltd. It said that the firm is well on track to complete the process to acquire 44.5 per cent stake in Gati. "In line with the approval by Gati's shareholders at the EGM (extraordinary general meeting) on the January 7, 2020, the board of Gati today (on Tuesday) allotted 1.33 crore shares at Rs 75 apiece to Allcargo by way of preferential allotment," Allcargo said in a statement. As part of this preferential allotment process, Allcargo has already infused Rs 100 crore into Gati, it said. The preferential allotment, it said, would result in Allcargo acquiring 10.91 per cent stake in Gati. Allcargo had acquired 27 lakh shares in Gati in the previous week through open market purchases. "After these transactions, Allcargo owns close to 13 per cent stake in Gati, which makes it the single-largest shareholder of Gati. Hundred per cent of … [Read more...] about Allcargo acquires 13% stake in Gati