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LADY SOLD LAND
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 ...- NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...
- 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...
- In 1961, a Spanish farmer began building a cathedral by himself with scrap bricks and no blueprint, and kept at it almost single-handedly for 60 years, until the day he diedJusto Gallego Martinez built a cathedral from trash for sixty years. He began this massive project after leaving a monastery due to illness...
- Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT BangaloreLandowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins cas...
- NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...
- Man sold land for Rs 3.21 crore, denied tax relief under Section 54F: Why ITAT Pune allowed full tax exemptionA Pune man successfully challenged the Income Tax Department, securing a full tax exemption on his Rs 3.21 crore land sale. Despite a techn...
- Lady sells property for Rs 94 lakh, gets Rs 38 lakh in cash; files no ITR, gets tax notice for unexplained income, wins case in ITAT MumbaiA homeowner who sold property for Rs 61 lakh and received Rs 38 lakh in cash has won a tax case. The Income Tax Appellate Tribunal Mumbai r...
- How to file ITR if you have sold house or land in FY 2024-25For AY 2025-26, individuals and HUFs selling property can save on capital gains by reinvesting in another property under Section 54/54F. Ch...
- No income tax for lady who sold land for Rs 4.5 crore; Know how a 1955 circular and established case laws saved the day for herSeema S sold property in Patna. She incorrectly claimed Section 54 for LTCG tax exemption. The tax officer rejected her claim. Seema appeal...
- The Obamas’ lavish Martha’s Vineyard estate which boasts of breathtaking views, hits the market for a jaw-dropping $39 million, but why are they selling it?Blue Heron Farm in Martha's Vineyard, once a vacation spot for the Obama family, is now on the market. The 30-acre estate is listed for $39...
- Trump tests ethical boundaries with branded merch. (And all sales are final)Donald Trump is rapidly merging politics and commerce, leveraging his presidential status to market products like perfumes, watches, and sn...
- Britney Spears' memoir sells over 1.1 million copies in first weekBritney Spears' memoir, "The Woman in Me," has made a remarkable debut in the U.S., selling 1.1 million copies in its first week. Released ...
- Britney Spears' explosive memoir 'The Woman in Me' hits 1.1 mn sales milestone in debut weekThe memoir, which delves into her rise to fame and personal struggles, received widespread acclaim.
- India's 'Mini-England' McCluskieganj: A paradise lostBarely 65 km from state capital Ranchi this once thriving abode of Anglo-Indians - McCluskieganj used to boast of 400 families who had drea...
- Michelle Obama's book 'The Light We Carry' in which she reflects upon her experiences will come out this fallThe new book is not part of the reported eight-figure deal the Obamas reached in 2017.
- Michelle Obama's star power could help Biden unite DemocratsThe former first lady is a unique figure in a deeply polarizing political environment, exceedingly popular with the party faithful while al...
- Tax queries: Investment in Bitcoins not allowed under LRS schemeEvery week, an expert selected by ET answers queries from our readers on tax.
- Hope lingers on for Kashmiri Pandits as they celebrate Khir Bhawani festivalThe festival offers a platform to both communities to meet and help in the ongoing reconciliation process.
- Pak to import vegetables from India duty-freeThe Pakistan government has allowed duty-free import of 15 varieties of fresh vegetables from India through the Attari check post at Amrits...
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