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LAND TAX
Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...- 8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respondEmployees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...
- In 1964, Jane Sewall bought the abandoned Maine island she had dreamed of since childhood; 22 years later, she gave it away to keep it wild foreverJane Sewall's childhood dream came true when she purchased Witch Island near South Bristol, Maine. In a generous move, she donated it in tw...
- Potential kingmaker in New Zealand's next government wants universal income, tax overhaulNew Zealand's Opportunity Party proposes a universal basic income for residents. This policy would be funded by a new annual land tax. The ...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
- Income Tax Department launches nationwide verification of suspicious foreign remittancesThe Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several ent...
- 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 ...
- MTNL, BSNL and RINL's Rs 13,500 crore worth of realty assets to hit marketsRealty assets worth an estimated ₹13,500 crore belonging to MTNL, BSNL and RINL are set to hit the market after the Department of Public En...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- Pinarayi backs Satheesan’s stand against mining law, suspects move to privatise Kerala’s mining PSUKerala's opposition leader Pinarayi Vijayan supports Chief Minister VD Satheesan's stance. They oppose the Centre's mining bill, fearing we...
- Jharkhand CM Hemant Soren urges President Murmu, PM Modi to reconsider Mines BillSoren said the Bill will have a significant financial impact on Jharkhand, as mining revenue accounts for 84.9% of the state's own non-tax ...
- India says mining tax curbs for states needed to prevent market fragmentationThe Indian government has implemented restrictions on new state taxes concerning mineral rights and land to streamline the national market ...
- Mining for better RoI, better sharing nextIn a significant legislative shift, the Centre has revised a 1957 Act to enhance its oversight of mineral resources. The newly established ...
- New Delhi Secretariat building to come up at ITO; Income Tax Office to get new buildingDelhi government plans a new high-tech single tower secretariat at ITO. This project involves redeveloping approximately ten acres of gover...
- Kerala to oppose Centre's MMDR Act amendments restricting state powers on mineral taxesKerala will oppose federal amendments to the Mines and Minerals Act. The state argues these changes erode constitutional powers and cause r...
- Lower house passes amendments curbing states power to tax mineralsLok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess ...
- Lok Sabha passes bill to amend mines and minerals law without debateThe Lok Sabha passed a bill to amend mining regulations. This legislation prevents states from imposing additional taxes on mineral rights....
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
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