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LANDOWNER GETS UNDISCLOSED RENT TAX NOTICE
Ashiana Housing to invest Rs 1,000 cr in FY27 to acquire land for expansion: MD Vishal GuptaRealty firm Ashiana Housing will invest ₹1,000 crore this fiscal to acquire land across major markets like Delhi-NCR, Rajasthan, Maharashtr...
5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
Supreme Court stays Punjab and Haryana HC judgment in JAO tax notice caseMany individuals and companies had moved various high courts challenging proceedings initiated directly by JAOs. In April, the SC, while he...
Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed incomeFAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore l...
Supreme Court to hear Centre's plea on I-T reassessment orderThe Supreme Court is preparing to address a crucial appeal from the government on Friday, challenging a recent High Court order from Punjab...
How much money can NRIs transfer from NRO to NRE account in a year?Non-Resident Indians can effectively manage their Indian earnings via NRO accounts. They are allowed to transfer funds to NRE accounts, but...
SC to hear Centre’s plea against HC ruling on income tax reassessmentThe Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Section 147A. This se...
Canadian landlord asks tenant to vacate India property for personal use; Punjab & Haryana High Court rules in tenant’s favour; know whyTenant wins eviction case filed by Canadian landlord who cited personal reasons as the need for this property; Know how landlord lost the c...
Can your landlord refuse to return your security deposit without any damage? Know your rights as a tenantWorried about your security deposit? Landlords can't keep it for normal wear and tear or upgrades. Learn what legitimate deductions are, wh...
Student gets Rs 18.34 lakh stipend from university and pays no income tax; gets notice from Income Tax Department; she wins the case in ITAT Delhi for this reasonStudent gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know ...
Florida couple bought 3 condos for $360,000 and now collects $4,530 a month in rent: How they built a 'very healthy' rental portfolioA couple in Florida bought three occupied condos for $360,000 in 2022, and the properties now generate $4,530 a month in rent. He shared ho...
Are you financially smart? Save Rs 20,000 rent by living far from office Vs pay more to save time; but there is one catch to considerA ₹20,000 monthly rent saving may look like a smart financial decision, but a Gurgaon employee’s experience shows why commute costs and los...
17-year-old British carpentry apprentice began building a small 12.5-sq-m trailer home from reclaimed materials; within three years, he owned it debt-free after spending just £6,000A Bristol carpentry apprentice built a 12.5 square metre tiny home on a donated trailer using reclaimed materials, achieving full debt free...
Rs 1.09 crore remittance sent home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT AhmedabadIndian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no...
Sebi settles disclosure violation charges against Adani Ports CEO, CFOIndia's Securities and Exchange Board of India has resolved disclosure breach allegations against two Adani Ports executives, who each sett...
NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rulesFor NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the...
Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...
SC gives govt two weeks to file list of black money cases pending in HCsThe Supreme Court granted the government two weeks to list cases. These cases challenge provisions of the Black Money Act, including Anil A...
Landlord deposited Rs 14.96 lakh cash during demonetisation, got tax notice: ITAT Bangalore grants reliefLandlord took rent in cash, deposited Rs 14.96 lakh cash during demonitisation period; got Income tax notice, he wins case in ITAT Bangalor...
Income Tax Dept seized gold, diamonds and silver in a tax search operation from lady’s house and bank locker; she wins case in ITAT MumbaiHow wife’s 35 yrs old marriage and inheritance helped her win case in ITAT Mumbai after Income Tax Dept seized her gold, diamond, silver it...