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TOLA 2020
Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here’s how it happenedA Mumbai woman sold two flats gifted by her husband for Rs six crore. She did not pay income tax on the sale as she claimed Section 54 Long...- Supreme Court ruling validates 90,000 income tax notices, ending prolonged disputeSupreme Court's decision validates income-tax notices served between April 1 and June 30, 2021, under the old law, provided procedures of t...
- Centre should consider conducting Caste Census, says JDU's Sanjay JhaJDU's working president discusses the party's coordination with BJP, Bihar's development plans, and investments. He highlights the state's ...
- Election: Congress, JDU fight in Seemanchal with sizable minority votesCongress and JDU face off in Katihar and Kishanganj, Bihar, targeting minority votes. JDU aims to benefit from vote division. AIMIM's impac...
- Union Minister Jitendra Singh's wealth more than doubled in 10 yearsThe moveable and immovable assets of Singh's wife Manju - a housewife whose source of income is interest from bank deposits -- also increas...
- Bombay HC grants relief to Godrej Industries in a Dispute against the Income Tax departmentThe Bombay High Court has ruled that the show cause notice issued by the revenue department against Godrej Industries was illegal due to a ...
- 10-yr period for income tax review applies to income over Rs 50 lakh: Delhi high courtThe Delhi high court had to decide the validity of the notices issued to petitioners under section 148, keeping in view the ‘period of limi...
- Over 1,300 I-T notices from old regime quashed by Delhi HCThe court's verdict may have a bearing on around 133,000 reassessment notices issued by the department after March 31, an income tax depart...
- Delhi HC quashes over 1,300 time-barred reassessment noticesThe move may affect 1.33 lakh reassessment notices issued during the period, said a senior tax official added that I-T department may move ...
- Glamping: Decoding a brand new Covid-time trend in travel & holidayingGlamping — a portmanteau of the words “glamorous” and “camping” — is meant for those who want to experience the great outdoors but not roug...
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