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PROPERTY TAX RELIEF
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...- Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...
- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
- Bryan José Rojas ended up in ICE detention during his honeymoon; his wife still backs Trump: 'I'm his fan. He's a good president.'A honeymoon trip to Donald Trump's Doral resort became an immigration ordeal for Bryan Rojas Galofre. The Venezuelan immigrant faced months...
- Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...
- Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
- I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...
- Son’s two shops were stated to be demolished without compensation; HC stops demolition as he produced a registered sale deedA man successfully saved his two shops from demolition by the municipality. The shops were slated for removal to widen a road. The Andhra P...
- Missed the Enhanced STAR deadline? Thousands of New York seniors could still recover $1,000 property tax relief through a hidden late-filing opportunity many homeowners never realized existedThousands of New York seniors may still qualify for Enhanced STAR property tax relief worth more than $1,000 despite missing earlier filing...
- Delhi high street retailers push NDMC to rework property taxAt the New Delhi Municipal Corporation (NDMC) under which these markets come, the property tax is up to 25% of the rent collected while in ...
- Global Markets | Australian shares slide as banks, CSL drag; US‑Iran tensions hit risk appetiteBiotech darling CSL tumbled 16% after it slashed its full-year 2026 outlook and flagged a $5 billion impairment. The stock dragged the hea...
- Stocks in news: Canara Bank, MCX, Urban Company, Ola Electric, Vodafone IdeaIndian markets closed higher amidst volatility, with global events like the US-Iran agreement keenly watched. Several companies, including ...
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- Assam exit poll projections may be hinting at a tough road ahead for Gaurav Gogoi and CongressEarly projections indicate a strong win for the BJP in Assam. Exit polls after high voter turnout suggest the ruling party is set for anoth...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- Bengaluru CA explains zero tax trick on Rs 17 lakh rent income : 'No bills, no receipts....'India's tax framework allows certain individuals to legally reduce rental income tax to zero. A flat 30% deduction on gross rental income, ...
- Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
- $1 million home or $1 million in 401(k)? The retirement choice that could change your future$1 million home vs 401(k) retirement strategy: Housing prices have jumped nearly 55% since 2020, and that single number is reshaping the $1...
- Share buybacks not ‘income’, can’t face I-T levy: Delhi High CourtThe Delhi High Court ruled that companies buying back shares below fair market value do not incur taxable income. The court distinguished s...
- Don’t file blind: Key documents you need for successful IRS tax reliefIRS tax relief needs proper documents to show your money situation clearly. You must share income, expenses, assets, and tax records to app...
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