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PROPERTY PURCHASE TAX IMPLICATIONS
Russian Sberbank works towards expansion in IndiaThe expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by...- 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'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- Dolly Parton’s Home being sold for $1.995 million: Inside her former California cottage with 7 bedrooms, 6 bathrooms, a glamorous wig room, hidden security features and rare personal touchesDolly Parton's enchanting California cottage, available for $1.995 million, was her cherished weekend getaway for ten years. This unique pr...
- 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 moreMichael Jackson's Neverland Ranch took advantage of agricultural tax credits by engaging in cattle ranching, which offered lower property t...
- 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...
- Powerball jackpot climbs to $146 million for September 2 drawing - Here's what Wednesday night's winner could take homeFor Wednesday's drawing, the Powerball jackpot is now estimated at an impressive $146 million. The prize rolled over after Monday's drawing...
- 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...
- 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 ...
- 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...
- Houston lawyer buys $15.5 million, 15,000-sq-ft mansion just to demolish it; plans to donate $4 million worth of luxury materials & turn the land into a garden; here’s whyIn River Oaks, Houston lawyer Tony Buzbee has purchased a mansion to expand his existing property. He has partnered with Habitat for Humani...
- Powerball jackpot soars to $131 million for August 31 drawing - Here's what Monday night's winner could take homeThe Powerball jackpot has climbed to an estimated $131 million for Monday's drawing. Saturday's drawing saw no winner, causing the prize to...
- ‘Family Man’ Manoj Bajpayee buys 4.45 acres of land at this location near Pune for nearly Rs 1.4 croreFamily Man actor Manoj Bajpayee has expanded his real estate portfolio by purchasing 4.45 acres of agricultural land near Pune for Rs 1.37 ...
- Houston lawyer Tony Buzbee buys $15.5 million 1708 River Oaks mansion next to his home, but what he plans to do with the luxury property is turning headsHouston trial lawyer Tony Buzbee and his wife, Frances Moody Buzbee, have bought the $15.5 million mansion at 1708 River Oaks Boulevard nex...
- NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rulesNon-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...
- Powerball jackpot touches nearly $100 million-mark for August 26 drawing - Here's what Wednesday night's winner could take homeThe Powerball jackpot has climbed to an estimated $96 million for Wednesday night's drawing. No ticket matched all numbers in Monday's draw...
- 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...
- 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.
- Powerball jackpot rises to $81 million for August 24 drawing - Here's what Monday night's winner could take homeGet ready, as the Powerball jackpot has surged to an estimated $81 million. The draw on Saturday revealed no jackpot winner, boosting the p...
- Powerball numbers for August 22 revealed - Did someone win the $68 million jackpot on Saturday night?Powerball Jackpot numbers for August 22: The $68 million figure represents the annuity value, which would be distributed through 30 annual ...
- Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior c...
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