Latest news with #SanjeevSinha
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Business Standard
04-07-2025
- Business
- Business Standard
Flat booking cancellation and refund: Evaluate finances, do due diligence
Homebuyers should understand RERA-based cancellation and refund rules before entering into a builder agreement, especially regarding earnest money and default timelines Sanjeev Sinha New Delhi Listen to This Article The Haryana Real Estate Regulatory Authority (Haryana RERA) recently denied a refund to a homebuyer whose allotment was cancelled due to non-payment of instalments. The buyer had paid less than 10 per cent of the total sale consideration. A case like this underscores the need for buyers to understand cancellation rules before entering into a purchase agreement with a developer. Rules on cancellation and refund RERA does not explicitly define cancellation provisions. 'The builder–buyer agreement (based on the RERA-prescribed model format) governs cancellation rights and consequences,' says Adnan Siddiqui, partner, King Stubb & Kasiva, Advocates and Attorneys.
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Business Standard
27-05-2025
- Health
- Business Standard
Is your health policy Covid-ready? Key features you must look for
Check if your health insurance covers home care, tele-consultations, PPE kits, room rent waiver and has sufficient sum insured to deal with Covid-related hospitalisation costs Sanjeev Sinha Listen to This Article With Covid-19 cases in India crossing 1,000, policyholders must assess whether their health insurance policies offer adequate coverage and possess the features required to deal with this threat. Gaps uncovered The limitations of many retail health policies were exposed during the first and second waves. 'These included sub-limits on room rent, and exclusion of non-payable items like PPE (personal protective equipment) kits,' says Bhaskar Nerurkar, head – health administration team, Bajaj Allianz General Insurance. The rigid definition of hospitalisation was another impediment. 'Domiciliary treatment was not commonly covered across plans at the time,' says Siddharth Singhal, head of health insurance,
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Business Standard
23-05-2025
- Business
- Business Standard
Section 54F exemption: Observe timelines for selling asset, buying another
Recent judgement emphasises that co-ownership of multiple floors in the same building does not disqualify taxpayer for this exemption under Section 54F Sanjeev Sinha Listen to This Article The Delhi High Court recently upheld Lata Goel's claim for a ₹90 crore exemption under Section 54F of the Income Tax Act for assessment year 2011–12. The exemption was against capital gains from the sale of FIITJEE Ltd shares, which she reinvested in purchasing a new residential house. The assessing officer (AO) opposed the claim, citing ownership of more than one residential property. The AO relied on South Delhi Municipal Corporation records indicating Goel co-owned the basement and second floor of a property in Vasant Vihar, New Delhi, to argue that this disqualified her from being eligible for Section 54F.
Time of India
21-05-2025
- Time of India
13 women among 23 held for duping villagers across UP
Lucknow: The Rae Bareli police busted an inter-state gang of con artists and arrested 23 members, including 13 women, near Maharajganj on Wednesday. Jewellery worth Rs 18 lakh was recovered from their possession. The mastermind and his wife are on the run, police said. The women, who hailed from Hazaribagh in Jharkhand, visited villages in Lucknow, Barabanki, Bhadohi, Banda, Mahoba, and Kanpur draped in faded sarees, wearing friendly smiles, and balancing baskets filled with shiny utensils. Once they gained the villagers' trust, they would ask to see gold ornaments under the pretext of duplication or exchange—and disappear. "Every member had a role," said a senior Rae Bareli officer. "Some scouted locations, some posed as traders, and others arranged getaway vehicles. Their strength lay in the trust they built within minutes," said additional SP Rae Bareli, Sanjeev Sinha. On April 25, they knocked on doors in Mohanlalganj, offering to trade old clothes and utensils for gleaming new ones. The village women welcomed them in and made exchanges that seemed more generous than fair. A week later, they returned—with an even bigger offer: exchanging old gold jewellery for new. Eleven women handed over their precious ornaments—some gave their wedding gold, others heirlooms passed down through generations—but the con artists never returned. Police said the gang duped women in similar fashion across villages in Barabanki, Bhadohi, Banda, Mahoba, and Kanpur. Special police teams were formed under the direction of the superintendent of police, Rae Bareli, led by the ASP and supervised by the circle officer of Maharajganj. In a joint operation conducted by the Chandapur, Maharajganj, and SOG Surveillance teams, the arrests were made near Maharajganj. Police identified the gang leader as Vinodmal Pahadi, a resident of Saurakhapa, Barkatha, Hazaribagh, Jharkhand. Both he and his wife, Pyaridevi, are currently absconding.
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Business Standard
16-05-2025
- Business
- Business Standard
Filing tax returns with wrong ITR form can invalidate and delay process
Resident individuals may use ITR-1 if their total income is within ₹50 lakh and comes from salary or pension Sanjeev Sinha Listen to This Article The Central Board of Direct Taxes (CBDT) has notified the key Income Tax Return (ITR) forms for the financial year 2024-25 (assessment year 2025-2026), allowing taxpayers to file their returns. Salaried individuals should consider both their income level and sources beyond salary when selecting the appropriate ITR form. 'The correct ITR form depends on the type and quantum of income, losses incurred, type of investments made, foreign assets, and so on,' says Naveen Wadhwa, vice-president, Taxmann. Who should go for ITR-1
