Nimmadhi Property Management

The new income tax return (ITR) form-2 requires tax payers to give their tenant's PAN while providing details of income from house property. This detail was optional till the last financial year.  This reflects the Government's increased focus on combating tax evasion and ensuring that more and more tax payers honestly file their tax returns. Driven by the desire for greater efficiency and improved compliance, the Revenue Authorities are increasingly relying on digital tax data gathering and analysis of the same, to assess taxpayers. The Government's focus on e-assessments is another endeavour to use information technology to effectively assess tax returns and plug tax avoidance.  The new tax return forms for Financial Year (FY) 2017-18, which were released on 3 April 2018, attempt to digitally collect as much information as possible, to process the tax returns efficiently.  Here are some of the changes in the new ITR forms and their impact on salaried tax

Under GST, transporters should carry an eWay Bill when moving goods from one place to another when certain conditions are satisfied. In this article, we cover the following topics: What is an Eway Bill? When to Generate? Who should Generate? Cases when eWay bill is Not Required Status of Implementation across India How to generate eWay Bill Validity of eWay Bill Documents required 1. What is an   eWay Bill? EWay Bill is an electronic way bill for movement of goods which can be generated on the eWay Bill Portal. Transport of goods of more than Rs. 50,000 (Single Invoice/bill/delivery challan) in value in a vehicle cannot be made by a registered person without an eway bill. Alternatively, Eway bill can also be generated or cancelled  through SMS , Android App and by Site-to-Site Integration(through API). When an eway bill is generated a unique eway bill number (EBN) is allocated and is available to the supplier, recipient, and t

Yes,There are many reasons you may need one, such as: ·          You don't live in the same city as your property. ·                    You are a busy professional, and don't have the time to constantly keep calling brokers to remind them of your property, or keep showing your property to potential tenants. ·                    You don't have the time or inclination to deal with all small issues that your tenants keep bothering you with.  ·                    You just can't find good tenants, who will maintain your property well and pay your rent on time! So, how does a Nimmadhi Property Management firm help? To start with it takes the responsibility off your shoulders. The company is now responsible for finding a good tenant, and keeping the property tenanted for as long as possible. Now, why is a property management company able to do this more effectively than you? Few reasons: ·          Nimmadhi property management have the netwo