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INCOME FROM OTHER SOURCES ON PURCHASE OF PROPERTY
Alex Karp bought 37,000 acres of Swedish forest for $22 million and local hunters could no longer lease the land - why wealthy buyers are looking beyond traditional assets- Tax audit deadline extended: Key checks taxpayers should make before filing income tax return
- Property bought for ₹1.23 crore, its market value rose to ₹1.46 crore: Why ITAT Kolkata gave homebuyer ₹11.35 lakh tax relief
- In 2001, 125 wind turbines went up on Texas land used for sheep grazing and hunting; those uses continued, while the project paid about $930,000 in school taxesIn Texas, large wind turbines coexist with agricultural activities, allowing farmers to maintain traditional crops and livestock. Many land...30 Sep, 2026, 07.00 PM IST
- Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...30 Sep, 2026, 11.02 AM IST
- Josh Brolin bought his Atlanta mansion for $3.25 million in 2020; 6 years later, he sold the 7,700-square-foot home for $4 million after a price cutJosh Brolin sold his Sandy Springs mansion for $4 million after it was listed at a reduced price. He initially purchased the property for $...30 Sep, 2026, 02.29 AM IST
- In 2023, Larry Ellison bought 8 homes near his $173 million Florida estate, the reason has nothing to do with investing - here's whyLarry Ellison, the Oracle co-founder, has made headlines for acquiring eight single-story ranch homes in Palm Meadows Estates for his house...30 Sep, 2026, 01.03 AM IST
- Mother wins property battle against son and daughter-in-law: Delhi HC orders them to vacate her houseThe Delhi High Court ordered a son and his wife to vacate his parents' house after ownership documents proved that his mother was the sole ...29 Sep, 2026, 04.26 PM IST
- Angelina Jolie bought this $24.5 million Los Angeles estate in 2017, once owned by Hollywood legend Cecil B. DeMille, with 11,000 sq ft, 6 bedrooms, 10 bathrooms and a unique Charlie Chaplin connectionAngelina Jolie acquired a Los Angeles estate for USD 24.5 million in 2017 that once belonged to Cecil B. DeMille. This property features an...29 Sep, 2026, 11.30 AM IST
- Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...28 Sep, 2026, 04.14 PM IST
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.28 Sep, 2026, 11.55 AM IST
- Buying property from an NRI? Know the new TDS, PAN, and Form 141 rules effective October 1Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They ...28 Sep, 2026, 11.29 AM IST
- Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...28 Sep, 2026, 11.07 AM IST
- Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...26 Sep, 2026, 03.05 PM IST
- Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...26 Sep, 2026, 11.53 AM IST
- Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...24 Sep, 2026, 12.25 PM IST
- TDS norms eased for buying NRI propertyThe CBDT has amended Income-tax Rules, 2026, allowing buyers to deposit and report TDS under Section 393(2) of the Income-tax Act, 2025 thr...24 Sep, 2026, 12.13 AM IST
- CBDT eases TDS compliance for property buyers dealing with non-residentsThe Central Board of Direct Taxes is set to simplify TDS compliance requirements for residents buying property from non-residents. From Oct...23 Sep, 2026, 06.33 PM IST
- Brookfield India REIT buys Powai office units for Rs 75.2 croreBrookfield India REIT’s arm Kairos Properties has agreed to acquire office units across two floors of Delphi building in Mumbai’s Powai for...22 Sep, 2026, 09.42 PM IST
- In the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action starIn the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action star. The actor and ...16 Sep, 2026, 06.23 PM IST
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