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Insights, articles and updates from our practice

All (16) Business Advisory (1) DPDP (1) GST (3) Income Tax (7) REAL ESTATE (1) RERA (1)

RERA

Agreement to sale is must before receipt of advance in excess of 10% by Promoter/Builder.

By S T L R & Co 09 Sep 2026 3 min read

Under Section 13(1) of RERA, 2016, a promoter cannot take more than 10% of the unit cost as advance/booking/application money unless a written Agreement for Sale (ATS) has already been executed and re...

Income Tax

Cash payment Limit as per NEW Income Tax Act

By S T L R & Co 23 Jun 2026 4 min read

Cash Expenditure Limits Under the Income Tax Act, 2025 (Replacing the Income Tax Act, 1961 — Effective from New Framework)   1.  Business Expenses — Section 36(3) Formerly: Sec...

DPDP

5 Reasons Why DPDP Training is Essential for Every Business

By S T L R & Co 18 Jun 2026 2 min read

5 Reasons Why DPDP Training is Essential for Every Business (Digital Personal Data Protection Act, 2023) 🔹 1. Protect Customer TrustEmployees handle personal data every day. Proper trainin...

GST

leasehold rights in industrial land is not subject to GST

By S T L R & Co 11 Jun 2026 1 min read

Supreme Court Dismisses Revenue’s SLP; Affirms No GST on Assignment of Leasehold Rights in Industrial Land.The Hon’ble Supreme Court has dismissed the Special Leave Petition filed by the R...

Income Tax

Capital Gain exemption for non residential assets invested in residential property

By S T L R & Co 05 Jun 2026 2 min read

Section 86 of the Income-tax Act, 2025 corresponds to section 54F of the Income-tax Act, 1961 and provides exemption from long-term capital gains when the sale proceeds of a non-residential long-term...

M/s Prime Metals v. CBIC & Ors. — SLP (C) No. 18577/2026 (SC, May 29, 2026) ITC in case supplier does not pay GST

By S T L R & Co 04 Jun 2026 2 min read

M/s Prime Metals v. CBIC & Ors. — SLP (C) No. 18577/2026 (SC, May 29, 2026) Background The dispute arose from the denial of Input Tax Credit (ITC) allegedly on account of non-compliance with...

Income Tax

Capital Gain exemption on Sale of House Property Used for Residence (IT Act, 2025)

By S T L R & Co 04 Jun 2026 3 min read

Section 82 — Profit on Sale of House Property Property Used for Residence (IT Act, 2025) Equivalent to: Section 54 of the Income Tax Act, 1961 Chapter: IV (Capital Gains) Effective from: 1 April...

GST

GST on Plots

By S T L R & Co 04 Jun 2026 2 min read

GST on Plotted project as per Godrej Properties Limited Karnataka GST AAR | Order No. KAR ADRG 19/2023 | Dated: 26 April 2023 M/s. Godrej Properties Limited, registered at 10th Floor, Prestige Obelisk...

Gujarat RERA imposes ₹2 Crore penalty on Avantis Dream Homes LLP for non-deposition of funds in RERA bank account

By S T L R & Co 29 May 2026 2 min read

Gujarat RERA imposes ₹2 Crore penalty on Avantis Dream Homes LLP for non-deposition of funds in RERA bank account Case No.: SMC/NCAR/Online/Surat/14102025/00511Coram: Shri P.R. Patel, Adjudicating Off...

Business Advisory

LLP vs Partnership Firm: Why LLP is Becoming the Preferred Business Structure in India

By S T L R & Co 29 May 2026 4 min read

LLP vs Partnership Firm: Why LLP is Becoming the Preferred Business Structure in India Introduction Selecting the right business structure is one of the most important decisions for entrepreneurs, pro...

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