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SOLD PROPERTY BELOW STAMP DUTY VALUE
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 ...- WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exitWestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimmi...
- Mumbai property market continues strong run, records best-ever AugustMumbai's property market achieved its highest August registrations ever. The city recorded 12,387 property registrations during the month. ...
- 86-year-old Pennsylvania farmer turns down $15.7 million data-centre offer, takes $1.9 million to keep his 261 acres as farmlandAt the age of 86, a dedicated farmer made the remarkable choice to accept $1.9 million to safeguard his 261 acres of farmland, ensuring the...
- 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...
- ‘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...
- Global Market: Shein valuation falls 70% from peak as Hong Kong IPO targets $1.77 billionShein launched its Hong Kong IPO at a valuation of up to $27 billion, around 70% below its 2022 peak, as slowing growth, rising costs and r...
- Global Markets: Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPOShein is set to launch its Hong Kong IPO with an ambitious goal of raising up to $1.8 billion. However, the company's valuation has plummet...
- 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.
- SBI acquires commercial property in Pune’s Kharadi for Rs 414 croreThe State Bank of India has finalised the acquisition of a commercial property in Pune for Rs 414 crore. This deal covers both land leaseho...
- Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...
- Should I make my foreign national son a co-owner of my properties for inheritance?ET Wealth Reader's Query: I’m a single parent and my only son is now a foreign national. I want to safeguard his interests and am wondering...
- Mumbai records 16 luxury property deals per day in Q1, transactions cross Rs 14,900 croreMumbai's luxury housing market registered 1,499 properties worth over fourteen thousand crore rupees. This indicates an average of sixteen ...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
- 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...
- Sonu Nigam buys small studio size 258.33 sqft office in Andheri for Rs 1 croreSinger Sonu Nigam has purchased a 258.33 sq ft commercial office in Mumbai’s Andheri West for Rs 1 crore. The deal, registered on August 6,...
- 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...
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