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SOLD LAND NO TAX
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 Ahmedabad- 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 reason
- ET Prime Special Series: Multibagger or IBC - Part 70: Almost nobody tracks this company. That may be why its turnaround was missed
- From gold and LIC policy to SIPs and crypto: How investment habits changed from Boomers to Millennials to Gen ZModern Indians are redefining investment strategies; rather than saving first, the youth now prioritize their financial goals before choosi...10 Aug, 2026, 10.51 AM IST
- Powerball jackpot rises to $905 million for August 10 drawing - Here's what Monday night's winner could take homeThe Powerball jackpot has surged to a staggering $905 million ahead of Monday's drawing, following Saturday's results which revealed no jac...10 Aug, 2026, 08.26 AM IST
- How companies create fake cash in books, and take investors for a rideCash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalu...07 Aug, 2026, 10.08 PM IST
- He worked 100-hour weeks to rescue a bankrupt North Carolina boat company. Decades later, it drew $400 million-plus offers, but at 83, he did something unexpectedAfter working 100-hour weeks to save a nearly bankrupt North Carolina boat company, Eddie Smith Jr. built Grady-White Boats into a thriving...04 Aug, 2026, 10.05 PM IST
- DLTA seeks Rs 39 crore from AITA Trust as former chairman Anil Khanna faces scrutiny over land dealsThe Delhi Lawn Tennis Association accuses Anil Khanna of fraud. Khanna allegedly diverted stadium rental revenue to the AITA Trust. Land tr...04 Aug, 2026, 04.21 PM IST
- 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 ...03 Aug, 2026, 07.27 AM IST
- Quote of the day by Barack Obama: "Hope is not blind optimism. It's not ignoring the..." — Inspiring life lessons on courage, resilience, leadership, purpose, determination, human potential, and why the greatest victories often begin when the odds seem impossible by the former US PresidentQuote of the day by Barack Obama: Barack Obama’s quote, "Hope is not blind optimism. It's not ignoring the enormity of the task ahead or th...29 Jul, 2026, 05.51 PM IST
- Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...29 Jul, 2026, 11.21 AM IST
- Powerball jackpot surges to $663 million for July 29 drawing - Here's what Wednesday night's winner could take homeMonday's Powerball drawing had no jackpot winner, increasing the prize. The next drawing on Wednesday, July 29, offers an estimated $663 mi...29 Jul, 2026, 08.20 AM IST
- In 1999, a farmer donated land for a children's park, now it's home to a $1 billion data center sparking a bitter community fightTaylor data center controversy: A ten-dollar land deal for a future park in Taylor, Texas, now faces a billion-dollar data center proposal....28 Jul, 2026, 08.50 PM IST
- 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...28 Jul, 2026, 03.16 PM IST
- Powerball winning numbers for July 27 revealed - Check who won the $633 million jackpot on Monday nightThe advertised $633 million Powerball jackpot is paid as an annuity over 30 years through annual installments. Winners may instead choose a...28 Jul, 2026, 08.49 AM IST
- Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know howIndian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential p...27 Jul, 2026, 03.06 PM IST
- The architecture of a turnaround: How Indiabulls turned its real estate vision into a very different kind of a bottom lineIndiabulls reported significant profit and revenue growth in FY26. The company's real estate business showed strong sales bookings and coll...27 Jul, 2026, 11.35 AM IST
- Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...24 Jul, 2026, 12.46 PM IST
- ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first c...22 Jul, 2026, 07.59 PM IST
- These property sellers may need to re-compute advance tax after delayed release of Cost Inflation Index for tax year 2026-27; here’s what to doProperty sellers may need to re-compute advance tax after the Cost Inflation Index release. This delay impacts individuals selling property...18 Jul, 2026, 01.12 PM IST
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