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REDEVELOPMENT FLAT EXCHANGE
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
Stocks in news: HDFC Bank, RBL Bank, Dabur, Tata Motors PV, Tata SteelIndian markets experienced significant volatility, closing flat-to-positive after a sharp recovery. Analysts anticipate continued fluctuati...
Man surrendered tenancy rights for Rs 11 crore flat in redevelopment project; Income Tax dept issued notice but ITAT Mumbai ruled in his favour. Here's whyA Mumbai tenant received a Rs 11 crore apartment for giving up tenancy rights during redevelopment. The Income Tax department questioned th...
Got more carpet area after property redevelopment? No income tax on extra carpet area if it meets a key conditionHomeowners can avoid income tax on additional carpet area received through property redevelopment. This is possible under Section 54 of the...
Homebuyer sold redevelopment rights, got flats and Rs 1.6 crore, claimed Section 54 tax exemption, got notice from tax dept: He fights and wins case in ITAT MumbaiThe Income Tax Appellate Tribunal in Mumbai has made a noteworthy ruling regarding property redevelopment, stating that any extra space bou...
₹2.6 crore flat and zero tax: How a Mumbai man won twice in courtIn a significant ruling, the Income Tax Appellate Tribunal (ITAT) has declared that a Mumbai resident will not be taxed on a ₹2.6 crore fla...
Bombay High Court gives GST relief to homeowners: No GST on re-development by homeowners through builder under these termsReal estate: The Bombay High Court has ruled that no GST can be levied in a joint development agreement (JDA) where the landowner/homeowner...
Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITATA recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange ...
Limitations of Central Government Health Scheme (CGHS): 4 scenarios when an additional health insurance cover can helpOur panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
I want to buy a house in Canada by selling all my stocks in India. What will be my tax liability?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Sebi issues show-cause notice to RaymondAs per Sebi LODR regulations, all the related party transactions need a prior approval of audit committee.
I blindly signed on every paper and cheque he asked me to: Wife of a builder-on- the-runWhile Ronita Italia Dhanu’s husband has disappeared, she is struggling to protect herself and her children from the people he has allegedly...
Government to auction one Dawood property on August 9The property will be sold through e-auction, public auction, and sealed tenders on August 9 which will be held at the YB Chavan auditorium ...
Bohri trust wins three Dawood-properties for Rs 11 croreThe Hindu Mahasabha, which was earlier said to be one of the participants in the auction, did not deposit its earnest money, and no one fro...
JK House sale: Litmus test for new Companies ActGautam Singhania has requested minority shareholders to vote against the resolution “in the interest of the shareholders and company .
Demonetisation even changed ways of taking bribes, now accepted in instalmentsNote ban might have made it difficult for people to arrange bribes in new notes but corrupts are finding ways around the problem like -- br...
NBCC aims for Rs 1 lakh crore order book by 2020-end"Despite the weak market, we are able to perform better and I am confident that it will continue in the coming years," NBCC Managing Direct...
Realty queries answered by Ashwinder Raj Singh, CEO - Residential Services, JLL IndiaAs per government rules, stamp duty and registration charges are mandatory whenever you buy a property.
Bhendi Bazaar: Rs 4,000 cr makeover of India's largest ever cluster redevelopment project could be a template for othersOn the back of urbanisation, Indian cities have grown without much planning. Slums and clusters have mushroomed alongside highrise building...
- Kurla society hits redevelopment jackpot
Mumbai-based Narang Developers is believed to have struck a deal with Bombay Taximen Colony for around Rs 1,100 crore.