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PROPERTY TAXATION LAW
India-Israel investment pact comes into effectIndia and Israel's new investment pact is now active, aiming to boost trade beyond $1 billion by offering quicker dispute resolution and en...
Quote of the day by father of economics Adam Smith: ‘Civil government, so far as it is instituted for the security of property, is in reality…’ – Warning about wealth, power, and societyAdam Smith, the father of modern economics, questioned who governments truly serve. While known for free markets, his writings reveal a dee...
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Bengaluru property owners alert! Can you get mutation done without a Khata? Here’s what the law saysBengaluru property owners can face challenges with mutation without an existing Khata. While legally possible with valid title documents, t...
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
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...
Pay full Bengaluru property tax by May 31, 2026 and get 5% rebate as due date gets extendedBengaluru property owners can now avail a 5% rebate on property tax by paying in full by May 31, 2026, as the deadline has been extended. A...
Company's income not taxable in shareholders' hands: HCThe Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company's inc...
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...
Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT AhmedabadThe Income Tax Department sent a tax notice to a husband deeming he bought new flat using Rs 48 lakh cash and had Rs 1.5 crore unverified a...
What recognition of crypto as property will mean for taxation, inheritance, and insolvency laws in India
NRI tax guide: How to declare US rental income in Indian tax returnsResident Indians with rental income from US properties must follow Indian tax laws. Depreciation and other U.S. deductions are not applicab...
Who has the right over a woman’s property after she dies?Section 14 of Hindu Succession Act describes what constitutes a woman’s property, owned and acquired by her. It does not distinguish betwee...
How women can safeguard their inheritance: 5 steps to followIn the case of mutual agreement among family members, a will is the best way to pass on assets.
Inheritance rights of women: How to protect them and how succession laws varyWhether you are a wife, daughter or mother, find out what you are entitled to and how you can claim it.
Hindu-Muslim marriage: Can woman still claim right to her parent's self-acquired property?There is no legal concept of disowning a child, but parents can deprive a child of his share in their self-acquired property through a will.