Tuesday, July 17, 2012

The ABC's of Genuine Happiness


The ABC's of Genuine Happiness

  • Accept your reality
  • Be present, Be bold
  • Create something exciting
  • Drink plenty of water. Dance
  • Exercise daily. Eat fresh foods.
  • Feel your emotions. Face fear
  • Go outside and observe nature.
  • Hug often. Help others
  • Ignite your passions.
  • Jump through your comfort zone.
  • Kiss passionately. Keep looking forward.
  • Laugh. Love. Learn to let go.
  • Meditate daily. Make goals
  • Never give up on what you want.
  • Own a pet. Observe beauty
  • Pray. Paint. Play an instrument.
  • Quit a habit. Quiet your mind.
  • Read. Relax. Reinvent yourself
  • Smile. Sleep. Simplify
  • Take power naps. Talk Wisely
  • Unleash your strengths.
  • Vent. Visualize your dreams.
  • Walk. Write. Watch the sun set.
  • Yell Less, Yield to your thoughts.
  • Xerox your smiling face
  • Zap negativity.

Vijay Rana | CMD & Co-Founder | vijay@lpcurry.com|

Loans & Property Curry
116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |

Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | www.lpcurry.com |

Private Finance | Project Finance | Corporate Finance | Debt Syndication |

Get Social!! LinkedIn Twitter Facebook Page Facebook Blogger

Tuesday, July 10, 2012

Rent reimbursement not liable for TDS : ATAT Delhi

The assessee is paying rent to the holding company as reimbursement since last many years. This position has been accepted by the department all through and it has been never disputed even when provisions for TDS were on statute since 1994. Section 194-I of the Income-tax Act, 1961 was inserted in Act w.e.f. 01.06.1994. Similarly, this position was also not disputed even after the amendment in section 40(a)(ia) of the Act by the Taxation Law (Amendment) Act, 2006 w.e.f. 1.4.2006. on this issue, there is no material change in the facts and law during the year under consideration. The lease deed provides for use of the premises by the subsidiary companies. The actual payments made by the lessee (holding company) to the lessor and necessary tax was deducted therefrom. The holding company has also not debited the whole of rent to its books of account. It has only debited the rent which pertains to the part of the premises occupied by it. Therefore, in our considered view, there was no lessor and lessee relationship between the holding company and assessee where the provisions of section 194-I are attracted. Keeping these facts in view, we find merits in the order of the CIT (A) in deleting the addition made u/s 40(a)(ia) of the Act.


Assistant Commissioner of Income-tax
Result Services (P.) Ltd.
IT Appeal NO. 2846 (DELHI) OF 2011
JUNE 28, 2012

Posted: 06 Jul 2012 11:19 PM PDT
By Accommodation Times Bureau

Loans & Property Curry

Monday, July 2, 2012

Real Estate’s development is development of the country

New Delhi, 28th June 2012: “Real Estate sector’s development is the development of the whole country”, said Dr Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India while addressing the industry at 8th edition of Realty 2012, organized by Confederation of Indian Industry (CII) Northern Region, here today.

All basic amenities in the urban areas like Water, solid waste management, and transport system can be profit making, so Public Private Partnership (PPP) in the urban areas should be encouraged, he further suggested.

“Historically the unorganized and fragmented real estate sector in India is slowly evolving into an organised sector with strong focus on technology, efficiency, skills, a strong delivery mechanism, community development, infrastructure development and adoption of green practices” said Mr Anshuman Magazine, Chairman, Realty 2012 & CMD, CBRE South Asia Pvt. Ltd. “The companies who do not concentrate on these factors will find it difficult to sustain in the long run”, he added.

“Technology and efficiency would be the real game changer in this sector considering ever changing scenario”, said Mr J C Sharma, Vice Chairman & Managing Director, Sobha Developers Ltd.

“It is disheartening that real estate sector which is linked with 300 industries directly or indirectly, provides employment to 50 million people and contributes 17 % to India’s GDP is still to get the industry status for itself. Hence there is a dire need to change the perception about the Real Estate sector’s and enhance its credibility in the eyes of all stakeholders including consumers, government, Banks, RBI and the regulatory bodies. And this would happen if and only if we deliver what we promise”, said Mr Sachin Sandhir, Managing Director, South Asia, RICS.

“Inspite of the Regulations that exist in the sector, we have to dedicatedly take the sector to the next level. Some of the challenges like unavailability of land, acute shortage of labour, high cost of capital and unstable government policies and regulations need immediate attention” opined Mr Munesh Khanna, Senior Partner, Grant Thornton Advisory Private Limited.

Mr Chittaranjan Kumar Khetan, Joint Secretary, Ministry of Urban Development, Government of India highlighted the issues faced by the customers and shared the set of approvals and permissions that the Real Estate Developers have to pass through. He further shared that the Draft Real Estate (Regulation & Development) Bill 2011 would not only safeguard the interests of the consumers to a large extent but would also be a balanced in nature. The bill is almost ready and just needs to be put in the parliament for approval.

Mr Rohit Modi, Former Deputy Managing Director, Gammon India Limited said that “we need to see things from bigger perspective where in all stakeholders, viz urban local bodies, real estate companies, government, banks etc work in coordination for over all implementation of infrastructure development programmes and make all necessary facilities and amenities available to the consumers at best prices and also to safeguard their interests for enhancing the perception of the fast growing sector which has immense potential to grow with FDI in multi brand retail also to be allowed in coming future.

Posted: 29 Jun 2012 11:47 PM PDT

By Accommodation Time
Industry Status for Real Estate sector mooted at CII’s Realty 2012


Loans & Property Curry
116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |

Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | www.lpcurry.com |

Private Finance | Project Finance | Corporate Finance | Debt Syndication |

Get Social!! LinkedIn Twitter Facebook Page Facebook Blogger