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STAMP DUTY ACT
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
- India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
- Andhra Cabinet gives nod to 34 proposals; boosts aviation, irrigation, industrial developmentThe Andhra Pradesh Cabinet approved 34 proposals, including a new aviation policy, organ transplantation law, and revised funding for the P...
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- New PAN norms 2026: Where quoting is relaxed and where it’s now mandatoryNew Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However,...
- Sunbird takes SpiceJet to HC over $8 million unpaid lease duesSunbird France has approached the Delhi High Court to enforce a UK court order. The order directs SpiceJet to pay approximately $8 million ...
- Will registration at Rs 100 in Maharashtra: Why homeowners in cooperative societies, senior citizens should not delay estate planningA Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validit...
- Centre rolls out transparency, safety and other state laws for Chandigarh; check what's newChandigarh's legal framework is set for a major upgrade. The Centre has extended five state laws to the Union Territory. These reforms aim ...
- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- No more sub-registrar visits: Delhi’s new Aadhaar-linked property portal is set to make property registration onlineDelhi government is reviving an ambitious plan to make property registration entirely paperless and faceless. By allowing online applicatio...
- Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
- Establish 'GST-like' industrial land council for dispute resolution: CIIIndustry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve dispute...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- Oberoi Realty & Nirmal Lifestyle get NCLT approval for mergerThe National Company Law Tribunal has approved the merger of Nirmal Lifestyle Realty with Oberoi Realty. This move will simplify Oberoi Rea...
- Buying agricultural land near a city? Key income tax rules you must knowAn ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that off...
- Stamp Duty Act revamp on the cardsThe department of economic affairs in the finance ministry has already held one round of discussion with states where it made a presentatio...
- Moving into a redeveloped flat in Mumbai? No need to pay stamp dutyThe National Real Estate Development Council (Naredco) had been lobbying with the department of registration and stamps since some time to ...
- Budget 2012: Finance ministry plans new law for uniform stamp rate for all dealsThe new Indian Stamp Duty Act to allow stock exchanges to collect stamp duty from the purchaser and pass it on to respective states
- SE demutualisation: Government to withdraw stamp duty relaxationThe government has decided to withdraw the stamp duty relaxation available to stock exchanges on demutualisation to put pressure on the one...
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