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TDS ON INHERITED PROPERTY SALE
Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax reliefSelling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- ETMarkets NRI Talk | Rupee at 96: Why NRIs should think twice before sending more money to India, says Sachin SawrikarWhile a weaker rupee means more rupees for every dollar remitted, it can also erode the dollar value of INR-denominated investments over ti...
- Sales bookings of 28 major listed realty firms fall 21% to Rs 40,000 crore in Apr-Jun; Godrej tops chartA recent analysis revealed that leading Indian real estate firms experienced a twenty-one percent decline in sales bookings, primarily due ...
- Govt cannot force private landowners to execute sale deeds for acquisition of land: Allahabad HCThe Lucknow bench of the court said on Friday that land can be purchased through a sale deed only when the owner voluntarily agrees to sell...
- In their 60s, they found love. What they kept separate was their moneyOlder Indians are forming new relationships and seeking companionship in later life. These couples often prioritize financial independence ...
- NRI selling Indian assets? US, UK, UAE, Canada, Australia or Singapore - how your country of residence could decide the income tax billWhen selling Indian assets, be cautious of the potential tax implications linked to your country of residence. Tax obligations can vary bas...
- ‘I bought 2 houses at 24, but my kids might never buy one’: Founder says people need to move beyond 9 to 5 for building wealth that can beat inflationEntrepreneur Riya Upreti has argued that rising property prices and uneven salary growth are making traditional wealth-building increasingl...
- Should I make my foreign national son a co-owner of my properties for inheritance?ET Wealth Reader's Query: I’m a single parent and my only son is now a foreign national. I want to safeguard his interests and am wondering...
- At 86, a Pennsylvania farmer turned down more than $15 million from data-center developers and accepted $1.9 million instead, sending his land down a very different path: keeping the farm alive rather than turning it into a server campusAn 86-year-old farmer turned down a staggering $15 million for his Pennsylvania farms, choosing instead to accept $1.9 million via a conser...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- Property Tax: Selling your property too early after buying it? 5 small mistakes can wipe out your tax savings
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
- SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
- Sale deed vs gift deed vs Will: Why witnesses matter differently for eachDo you need witnesses for a registered sale deed? Know what determines the validity of a registered sale deed. Know what the law says
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- Ryanair co-founder’s 951-acre estate with 7-bed mansion, 268 horse stalls listed for $57.5 millionRyanair co-founder Tony Ryan's family is selling Castleton Farm for $57.5 million. This historic 951-acre estate in Kentucky dates back to ...
- NRI estate planning: The 8 steps that decide whether your family inherits peace or a legal nightmare
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
- NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
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