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NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...- Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
- 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...
- West Bengal govt failed to protect tribal interests in mining land acquisition, says CAG reportThe CAG has flagged the West Bengal government's failure in safeguarding tribal interests. Land acquisition for mining projects resulted in...
- Parking dispute turns costly: Homebuyer loses court case after neighbour occupies his parking space with second car, here's whyHomebuyers lost access to his parking spot after neighbour parked his 2nd car there; Maharashtra co-op appellate court dismissed homebuyers...
- After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, th...
- Delhi couple repays Rs 1.41 crore loan and finds out Axis Bank lost their property papers; they file complaint and win this much compensationAxis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They th...
- Property seller's family challenged 15-bigha land sale, authorities ordered cancellation of sale deed; Supreme Court restores buyer's right, says registered sale deed can't be discarded for these reasonsInconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer t...
- Karnataka: HC upholds judgment against NICE, calls infra project fit case for independent probeThe Karnataka High Court dismissed appeals by NICE and KIADB regarding the Bengaluru-Mysuru Infrastructure Corridor Project. A division ben...
- Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...
- Housing society asks homebuyer to pay previous owner's maintenance dues of Rs 80,000; experts explain what you should do in this situationHomebuyer asked to pay previous owner's dues of Rs 80,000: In his Reddit post, a homebuyer shared that the previous owner had around Rs 80,...
- Homebuyer finds water leakages and seepage issues weeks after buying flat; Telangana RERA orders builder to relay terrace flooring, carry out waterproofing workBuilder ordered by TGRERA to relay terrace flooring and execute comprehensive waterproof treatment to ensure a permanent solution to resolv...
- US-based daughter goes to court against parents, seeking share in family land; Karnataka HC rejects her claim; here’s whyDaughter married and settled in USA lost partition case in HC for getting share in family lands in Bengaluru for this reason; Know more. Kn...
- Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...
- Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT saidCan the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party ...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- Punjab simplifies property registration language, replaces 35 complex revenue termsPunjab has replaced thirty-five complex revenue terms with simple Punjabi words. This move aims to make property registration documents eas...
- Son denies share of ancestral property to 6 half sisters; Andhra Pradesh HC give relief to the sisters and orders property partitionSix half-sisters have won their rightful share in ancestral properties. The Andhra Pradesh High Court rejected their half-brother's claims ...
- Can a property buyer be evicted if the seller's title is forged or defective? Know what the law saysA Supreme Court ruling protected a buyer from criminal charges in a forged Will case. The court stated criminal liability requires buyer kn...
- Arshad Warsi sells Lonkhandwala property at three times profit: Jolly LLB star bought shop at Rs 2 crore in 2012 and sold at Rs 6 croreArshad Warsi Lokhandwala property profit: Actor Arshad Warsi has sold a Mumbai commercial shop for Rs 6.25 crore. This sale price is nearly...
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