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JOINT PROPERTY OWNERSHIP TAX LIABILITY
Land grabbed by neighbour for 40 years? Karnataka HC rejects adverse possession claim, upholds owner’s title- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite a jointly owned property - ITAT Mumbai calls it 'not justified'
- Michael Jackson’s 2,700-acre Neverland Ranch received nearly $70,000-a-year tax benefit meant for farmland. Then officials found an amusement park, a zoo and more
- Clint Eastwood sold 280 acres of his California coastal property for $3.08 million in 1995 — The surprising conservation deal that helped keep Carmel land undevelopedClint Eastwood’s 1995 sale of roughly 280 acres of his California coastal property to Monterey County for $3.08 million became an important...02 Sep, 2026, 05.30 PM IST
- Robert Kiyosaki says he’s $1.2 billion in debt: Why the ‘Rich Dad Poor Dad’ author says his massive borrowing is part of his real-estate strategyRich Dad Poor Dadauthor Robert Kiyosaki says he is $1.2 billion in debt, but most of the borrowing is reportedly tied to a real-estate port...02 Sep, 2026, 04.45 PM IST
- Ryan Seacrest sells sprawling 40-acre Napa Valley estate for $18.5 million after $22 million listing. American Idol host’s lavish retreat featured an infinity pool, olive grove and 10,750-square-foot homeRyan Seacrest has sold his sprawling 40-acre Napa Valley estate in St. Helena for $18.5 million after initially listing it for $22 million....02 Sep, 2026, 03.44 PM IST
- Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...01 Sep, 2026, 01.59 PM IST
- Wife gets income tax notice after husband sells joint property Rs 14 lakh below market price; she fights back and wins the case in ITAT KolkataWife escaped income tax notice as she proved in ITAT that her husband entirely paid for their joint property which was sold for Rs 14 lakh ...01 Sep, 2026, 12.03 PM IST
- Land(ing) in trouble: ₹8,500 cr property deals under taxman's scannerTransactions were either not reported, were undervalued or had suspected benami ownership; deals span bulk land purchases, agri land & othe...01 Sep, 2026, 01.13 AM IST
- 86-year-old Pennsylvania farmer turns down $15.7 million data-centre offer, takes $1.9 million to keep his 261 acres as farmlandAt the age of 86, a dedicated farmer made the remarkable choice to accept $1.9 million to safeguard his 261 acres of farmland, ensuring the...31 Aug, 2026, 05.14 PM IST
- Karnataka MSMEs employ 2.3 crore people, contribute 8.3% to GSDP: Chief SecretaryThe government’s priority is to improve the ease of doing business, strengthen infrastructure, build a skilled workforce and connect local ...29 Aug, 2026, 06.41 PM IST
- DHFL case: ED freezes bank deposits worth Rs 51.75 croreThe Enforcement Directorate froze bank deposits worth over fifty-one crore rupees. This action is part of a fresh probe into a massive bank...28 Aug, 2026, 08.34 PM IST
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...26 Aug, 2026, 04.32 PM IST
- Employees exercising their ESOPs should know how a recent ITAT ruling will determine whether the benefit is taxed as perquisite or capital gainsA recent ITAT decision clarified ESOP repurchase taxation. The tax tribunal ruled that repurchased options are capital assets, not perquisi...25 Aug, 2026, 04.09 PM IST
- NU Vista receives ₹15.41 crore Show Cause Notice for input tax credit irregularitiesCement firm NU Vista received a ₹15.41 crore notice alleging input tax credit irregularities. The notice covers four fiscal years from 2020...25 Aug, 2026, 11.17 AM IST
- If I sell my property jointly owned with my wife, can I buy the new one in my name for LTCG tax exemption?ET Wealth Reader's Query: I jointly own a property with my wife, although it was funded entirely by me. If I sell this property, is it nece...25 Aug, 2026, 07.30 AM IST
- 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.24 Aug, 2026, 05.00 PM IST
- 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. ...24 Aug, 2026, 11.08 AM IST
- 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...20 Aug, 2026, 12.09 PM IST
- 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 ...18 Aug, 2026, 03.18 PM IST
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