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LAND OF HUF
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...14 May, 2026, 12.52 PM IST- New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...14 Apr, 2026, 10.47 AM IST
- Calling property ‘ancestral’ isn’t enough: Courts demand clear chain of title and documentary proofCourts now demand concrete proof for ancestral property claims. Simply calling property ancestral is insufficient. Claimants must establish...24 Mar, 2026, 12.54 PM IST
- Rs 50 lakh insurance purchase with Rs 4.8 Lakh income triggers tax trouble: ITAT rejects HUF funding claim; here's whyA woman's Rs 50 lakh insurance policy purchase was deemed an unexplained investment. She claimed HUF funding from agricultural income. The ...13 Mar, 2026, 02.46 PM IST
- Delhi HC intervenes in Westend Green Farms demarcation dispute, tells DDA to verify title records before making any changesThe Delhi High Court has intervened in a land dispute at Westend Green Farms, Rajokri. The Delhi Development Authority must now review land...02 Mar, 2026, 10.08 AM IST
- Can a Karta sell joint family property to one relative? Here’s what the law allowsThe Supreme Court upheld a Madras High Court ruling stating a Karta cannot transfer joint family property to one member without genuine nec...26 Feb, 2026, 08.00 AM IST
- Karta’s property not treated as HUF asset if he can prove it was acquired from personal income without use of ancestral assetsThe Supreme Court of India has clarified property division rules for Hindu Undivided Families. A Karta's property is considered self-acquir...20 Feb, 2026, 07.01 AM IST
- HUF land dispute reaches Supreme Court: One brother gets 5/16th share, other retains self-acquired propertiesThe Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The cour...19 Feb, 2026, 07.51 AM IST
- Bought new agricultural land before selling old one? Why Budget 2026 must allow capital gains tax exemptionIndividuals and HUFs can get tax exemption on selling urban agricultural land. This benefit applies if the capital gains are reinvested in ...30 Jan, 2026, 12.45 PM IST
- Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUFThe Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds received by a ...11 Dec, 2025, 11.02 AM IST
- Ancestral land sale: Tax department issues notice over Rs 8 crore share, taxpayer wins case in ITAT Delhi; here's what happenedA man received Rs 8 crore from the sale of ancestral land, but the tax department issued a notice for tax evasion. The Income Tax Appellate...30 Oct, 2025, 11.23 AM IST
- Father sold family land for daughter’s marriage; first son alleged father was alcoholic and filed a case but lost in Supreme Court due to this reasonThe Supreme Court addressed the sale of HUF land by its Karta, Sharanappa, challenged by his first son. The court overturned the High Court...23 Sep, 2025, 07.33 AM IST
- House property received by an individual as a gift is taxable in these situationsGifting property to close family isn't taxed for the recipient, but rental income tax depends on the relationship. Gifts to spouses or daug...17 Sep, 2025, 11.49 AM IST
- Get full tax exemption on sale of farm land by using this tax provisionIndian taxpayers, especially individuals and HUFs, can save on taxes by reinvesting capital gains from agricultural land sales into new agr...17 Sep, 2025, 11.48 AM IST
- How to transfer money received by a nominee to legal heirsReaders' estate planning queries answered by Raj Lakhotia, Founder, Dilsewill.19 Jun, 2023, 06.30 AM IST
- Nitin Gadkari declares assets worth Rs 25.12 crore in poll affidavitAs per his tax return forms, his total income stood at Rs 2,66,390 in 2013-14 and Rs 6,40,700 in 2017-18.26 Mar, 2019, 11.48 AM IST
- Tax Queries: How to continue with HUF PAN after death of the KartaEvery week, an expert selected by ET answers queries from our readers on income tax.11 Oct, 2018, 12.28 PM IST
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