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SECTION 50C STAMP DUTY VS PROPERTY VALUE
Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
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...
Parents wins back their flat gifted to son as tribunal finds son failed to take care of parents; Bombay HC orders son to vacate the propertySon promised to care for elderly parents after receiving their Mumbai flat as gift; however, he failed to do so; Bombay High Court cancels ...
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...
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...
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 ...
IRE vs AFG 2nd ODI 2026: When and where to watch Ireland vs Afghanistan match, check probable playing 11, head-to-head, squads and live streaming detailsIreland vs Afghanistan 2nd ODI Live Streaming: As the second ODI unfolds on August 7, 2026, at Bready Cricket Club, Ireland and Afghanistan...
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
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...
Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
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...
NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
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 ...
Hrithik Roshan's monthly rent from one Mumbai property is higher than many people's yearly incomeHrithik Roshan has made another major real estate deal that showcases how his investments continue to generate impressive returns outside o...
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...
Commonwealth Games 2026 Day 8, July 30, India's schedule: What time is Neeraj Chopra's event today? Check full list events todayNeeraj Chopra leads India's athletics campaign in the javelin throw qualifying round. Tajinderpal Singh Toor competes in the men's shot put...
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...
Income tax on gifts: Received cash, property or shares? You may have to pay tax and report it in your ITR in these casesGifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable under specific ...