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PROPERTY TAXES
In 2012, Bank of America acquired a 20,900-square-foot Houston mansion through foreclosure for $2.12 million; 13 years later, after $14 million in renovations, it sold for up to $9 million- CBDT eases TDS compliance for property buyers dealing with non-residents
- Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helps
- Delhi homes to pay higher waste collection charges soon: MCD plans 50% hikes in solid waste management. Check new rates for different coloniesMCD has proposed nearly a 50 percent hike in solid waste management user charges and penalties under its draft SWM Bylaws 2026. The propose...23 Sep, 2026, 04.19 PM IST
- Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firmsBombay High Court maintained that a cinematographic film is not IT software under GST law regardless of its method of delivery. The court s...23 Sep, 2026, 03.51 PM IST
- Will gives you property rights, but what next? Know these 7 steps to transfer ownership and secure possessionA Will plays a crucial role in outlining how assets will be allocated following an individual's death, which can lead to family disputes if...23 Sep, 2026, 02.35 PM IST
- Can you earn rental income by letting out your flat on Airbnb for homestay? What homeowners need to know as similar case sparks protests in a Ghaziabad housing societyIf someone is found running a homestay or Airbnb-like service in your society, what can you do? Legally, the society’s first step should be...23 Sep, 2026, 02.18 PM IST
- Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...22 Sep, 2026, 09.18 PM IST
- A historic textile mill narrowly escaped demolition; developers preserved its historic elements and transformed the site into a mixed-use developmentA former textile mill in Belmont, North Carolina, has been revitalized into a mixed-use development. This project preserved historical elem...22 Sep, 2026, 06.41 PM IST
- My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted h...22 Sep, 2026, 12.46 PM IST
- Think a Rs 1 lakh salary means a Rs 60 lakh home loan? CA explains what banks actually checkA Rs 1 lakh monthly salary does not automatically mean you can get a Rs 60 lakh home loan, CA Nitin Kaushik explained. Banks assess factors...22 Sep, 2026, 10.03 AM IST
- Billionaires abound in California. Why not tax their wealth?No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare ...20 Sep, 2026, 04.58 PM IST
- In 1979, Beach Boys star Mike Love bought a 2.5-acre Lake Tahoe plot for $435,000; 47 years later, the nearly 19,000-sq-ft mansion he built on it is up for $43 million, with six surrounding acres permanently protectedBeach Boys co-founder Mike Love lists his Lake Tahoe estate for $43 million. This sprawling property has been in his family for over four d...20 Sep, 2026, 10.14 AM IST
- 5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...19 Sep, 2026, 03.36 PM IST
- CBDT removes arrest-related provisions under Rule 225; valuers face tighter disclosure norms as registration deadline extendedIncome tax recovery no longer includes arrest or prison detention. Other recovery methods like property attachment remain available to auth...19 Sep, 2026, 09.49 AM IST
- Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram officeThe ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 ...19 Sep, 2026, 12.52 AM IST
- Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed incomeFAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore l...18 Sep, 2026, 02.41 PM IST
- In the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action starIn the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action star. The actor and ...16 Sep, 2026, 06.23 PM IST
- Canadian landlord asks tenant to vacate India property for personal use; Punjab & Haryana High Court rules in tenant’s favour; know whyTenant wins eviction case filed by Canadian landlord who cited personal reasons as the need for this property; Know how landlord lost the c...16 Sep, 2026, 12.37 PM IST
- Indian property is an NRI favourite—but is it the smartest way to build wealth?For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, ...16 Sep, 2026, 09.46 AM IST
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