Bengaluru’s tax gap, not tax rates, is the real resource problem: Krishna Byre GowdaBengaluru plans to map properties outside the tax network and bring them into the system to widen the tax base without raising rates, Great...
30 Sep, 2026, 11.03 PM IST
In 2001, 125 wind turbines went up on Texas land used for sheep grazing and hunting; those uses continued, while the project paid about $930,000 in school taxesIn Texas, large wind turbines coexist with agricultural activities, allowing farmers to maintain traditional crops and livestock. Many land...
30 Sep, 2026, 07.00 PM IST
Brother-in-law caught with Rs 4.34 lakh worth of foreign currency; income tax officer sends notice; he wins case in ITAT Delhi with help from sister-in-lawA brother-in-law got into trouble when he was found with Rs 4.34 lakh in foreign currency. A tax officer sent him a notice about it. But, t...
30 Sep, 2026, 05.43 PM IST
Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...
30 Sep, 2026, 11.02 AM IST
Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?A wedding gift of ₹10 lakh in cash sounds like a reason to celebrate, but one woman's post about her cousin's gift has sparked a very diffe...
29 Sep, 2026, 05.11 PM IST
Mother wins property battle against son and daughter-in-law: Delhi HC orders them to vacate her houseThe Delhi High Court ordered a son and his wife to vacate his parents' house after ownership documents proved that his mother was the sole ...
29 Sep, 2026, 04.26 PM IST
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
28 Sep, 2026, 04.14 PM IST
Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
28 Sep, 2026, 11.55 AM IST
Buying property from an NRI? Know the new TDS, PAN, and Form 141 rules effective October 1Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They ...
28 Sep, 2026, 11.29 AM IST
Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...
28 Sep, 2026, 11.07 AM IST
Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...
26 Sep, 2026, 11.53 AM IST
Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
24 Sep, 2026, 12.25 PM IST
TDS norms eased for buying NRI propertyThe CBDT has amended Income-tax Rules, 2026, allowing buyers to deposit and report TDS under Section 393(2) of the Income-tax Act, 2025 thr...
24 Sep, 2026, 12.13 AM IST
CBDT eases TDS compliance for property buyers dealing with non-residentsThe Central Board of Direct Taxes is set to simplify TDS compliance requirements for residents buying property from non-residents. From Oct...
23 Sep, 2026, 06.33 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
Your house is worth Rs 2 crore, but are you really retirement ready?While an expensive home is nothing less than an achievement, you must remember that the house in which you live produces no rent at all. Ap...
22 Sep, 2026, 04.12 PM 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