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CAPITAL GAIN ON SALE OF PROPERTY
In 2015, NBA star Chris Paul paid about $9 million for a Calabasas mansion; three years later, he sold it for $11.05 million, the city’s biggest home sale that year- ₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT Delhi
- A former Chicago Sears store was converted into 59 apartments. Four years later, it sold for nearly $29 million
- Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...14 Oct, 2026, 01.13 PM IST
- In 2017, Cindy Crawford and Casamigos co-founder Rande Gerber bought a Beverly Hills home for $11.6 million; four years later, they sold it for $13.5 million, a $1.9 million gross gainCindy Crawford and Rande Gerber recently sold their stunning Beverly Hills estate for $13.5 million, initially purchased for $11.6 million....14 Oct, 2026, 01.10 PM IST
- Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...14 Oct, 2026, 11.39 AM IST
- Puravankara Q2 sales bookings surge 62% to Rs 2,136 crore on housing demandIn the September quarter, Puravankara Ltd reported a remarkable surge in sales bookings, hitting Rs 2,136 crore, a jump from Rs 1,322 crore...13 Oct, 2026, 07.53 PM IST
- In 2013, Lakers coach Mike D’Antoni bought an ocean-view California home for $6.9 million; two years later, he sold it for $9.5 millionMike D'Antoni, the former Los Angeles Lakers coach, bought a home in Manhattan Beach for $6.9 million. He sold this property two years late...13 Oct, 2026, 06.40 PM IST
- George Clooney sold Studio City estate for $14.5 million to Christian McCaffrey and Olivia Culpo last monthGeorge Clooney has sold the Studio City estate in Los Angeles to NFL player Christian McCaffrey and model Olivia Culpo for $14.5 million. T...13 Oct, 2026, 03.23 AM IST
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...12 Oct, 2026, 11.39 PM IST
- SBI economists call for scrapping LTCG tax on equitiesSBI economists are advocating for the elimination of long-term capital gains tax to stimulate sustained investment in Indian equity markets...12 Oct, 2026, 09.12 PM IST
- Oheka Castle auction set for October 27: Why the ‘Great Gatsby’-linked mansion where Taylor Swift filmed ‘Blank Space’ is going up for saleOheka Castle, the historic Long Island mansion linked to The Great Gatsby and featured in Taylor Swift’s “Blank Space” music video, is head...11 Oct, 2026, 02.52 AM IST
- Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...10 Oct, 2026, 12.04 PM IST
- Who pays 0% capital gains tax in 2026? Check the IRS income limitsSome investors may pay 0% federal capital gains tax in 2026 if their taxable income stays within IRS limits. Single filers can qualify with...09 Oct, 2026, 09.39 PM IST
- In 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...09 Oct, 2026, 08.22 PM IST
- Why global investors are turning to Georgia for real estate opportunities in 2026Alliance Group designates 2026 as a pivotal year for international stakeholders targeting Georgia's dynamic real estate landscape. The nati...08 Oct, 2026, 06.06 PM IST
- Inherited property tax explained: Know how the US 1031 exchange works and what are the rules for co-inheritors?In simple terms, in the United States, a provision known as a 1031 exchange may offer a way for an heir to exchange qualifying investment r...07 Oct, 2026, 11.39 PM IST
- Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimat...05 Oct, 2026, 11.06 PM IST
- Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...05 Oct, 2026, 06.46 PM IST
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...05 Oct, 2026, 03.48 PM IST
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