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DIFFERENCE IN STAMP DUTY VALUE AND SALE VALUE OF LAND
Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
- Centre proposes to curb powers of states to tax mineralsThe central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the ...
- Birla Estates arm buys FSI from Parinee entities for Rs 159 croreBirla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their societ...
- Know Your Fund Manager: Rajasa K., Vice President & Portfolio Manager - India Equities, Templeton Global InvestmentsIn this edition of Know Your Fund Manager, Rajasa K., Vice President and Portfolio Manager at Templeton Global Investments, shares her care...
- Where art thou? From royal silverware to rare watches, what collectors are bidding for nowAs collectors broaden their horizons beyond canvases, Glynda Alves finds that India’s auction houses are witnessing growing demand for item...
- Madhuri Dixit, Shriram Nene sell Juhu flat bought for Rs 1.94 crore for Rs 4.40 croreMadhuri Dixit and husband Dr Shriram Madhav Nene have sold their Juhu apartment for Rs 4.40 crore, nearly 14 years after purchasing it for ...
- LIC sees no further government stake sale for 18-24 months, says MD; Q1 profit rises 23%The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public sharehold...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- West Bengal govt failed to protect tribal interests in mining land acquisition, says CAG reportThe CAG has flagged the West Bengal government's failure in safeguarding tribal interests. Land acquisition for mining projects resulted in...
- Madhuri Dixit sells two properties in Mumbai’s Andheri, Juhu for Rs 9.2 croreMadhuri Dixit has sold a commercial office in Andheri West and a residential apartment in Juhu for a combined Rs 9.25 crore. The deals refl...
- Psychology says people who give huge importance to their house help aren't arrogant or dependent: Here is what the behaviour can meanPsychology says people who give huge importance to their house help aren't necessarily arrogant or dependent. The behaviour can reflect emp...
- McDonald’s Q2 profit rises despite slowdown in US sales growthMcDonald’s posted higher second-quarter profit and revenue, though sales growth in its US market slowed as cautious consumers curbed spendi...
- Kangana Ranaut's Rs 30 crore Manali mansion has eight mountain-view bedrooms and a rooftop glass conservatory; here's a look inside her Himalayan homeKangana Ranaut's Manali mansion, reportedly acquired for Rs 30 crore, sits 2,000 metres above sea level in the Himalayas and features eight...
- Rs 22.94 lakh LTCG for land sale of Rs 92 lakh invited tax notice; Gujarat HC ruled in her favour after 9 years fight; Know whyLady got tax notice after selling land for Rs 92 lakh and reporting Rs 22.94 lakh LTCG in ITR; Know how Section 55A(a) helped her win case ...
- Mumbai records best-ever July property registrations, stamp duty collectionsMumbai's property market achieved its best-ever July performance with strong housing demand. The city recorded its highest-ever property re...
- Assam Cabinet clears CBG Policy 2026 aligned with national modelAssam's Cabinet approved a new Compressed Biogas Policy to convert organic waste into clean energy. This policy offers significant capital ...
- Property seller's family challenged 15-bigha land sale, authorities ordered cancellation of sale deed; Supreme Court restores buyer's right, says registered sale deed can't be discarded for these reasonsInconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer t...
- Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54FMany taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house...
- Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
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