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STAMP DUTY ASSESSMENTS
Death rate in ICE immigrant detention centers more than doubles under Trump, Reuters analysis findsFifty individuals have died in U.S. immigration detention since January 2025, a rate that has more than doubled since 2009. Concerns are ri...
Mumbai redevelopment projects gather steam as cluster-led developments gain tractionMumbai's property market is seeing a major shift in redevelopment. Developers are now focusing on larger, cluster-based projects instead of...
Maharashtra’s Ready Reckoner revamp may align valuations with market realitiesIn a bold move, Maharashtra is gearing up to implement micro-zoning alongside tailored Ready Reckoner rates, a shift designed to refine pro...
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
CII proposes comprehensive reforms to streamline industrial land access in IndiaThe Confederation of Indian Industry has presented a plan to fix issues in India's industrial land system. This aims to boost manufacturing...
CII calls for GIS-enabled national land bank to ease industrial acquisitionsThe Confederation of Indian Industry (CII) is advocating for a unified national industrial land bank. This initiative aims to create an onl...
Establish 'GST-like' industrial land council for dispute resolution: CIIIndustry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve dispute...
CII suggests GIS-enabled land bank, uniform stamp duty to speed up acquisitionThe Confederation of Indian Industry (CII) has proposed a unified national industrial land bank with a GIS-enabled system to streamline lan...
Buying agricultural land near a city? Key income tax rules you must knowAn ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that off...
Bombay High Court grants relief to Tata Autocomp from paying duty on a bill of entryThe Tata Group-owned automotive component major had challenged the stamp duty on ‘Bills of Entry’ on import of goods.
New cost valuation norms may impact capital gains on property bought before April 1, 2001The existing provisions of section 55 of the Act provide that for computation of capital gains, an assessee shall be allowed a deduction fo...
Tax queries: Dividend earned from MFs is exempt from taxDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Fair valuation of property before sale through court to be used as market value: Bombay HCThe HC placed on par sale of land by government at predetermined prices and public auction through court at valuation obtained by it.
Land deals to turn costlier in BengaluruThe auditors illustrated with an example how government was losing revenue in case of sale of converted land in urban areas.
Government to levy higher tax on urban land transactions in Bengaluru & other citiesThe new rule has come into effect from April 1, and is expected to push up the cost of transactions in places such as Bengaluru where land ...
Short levy of Rs 12 crore stamp duty on Kingfisher-Deccan deal: CAGCAG has revealed a short levy of stamp duty worth Rs 12.03 crore on amalgamation and demerger of Kingfisher Airlines, Deccan Aviation.
- Cut stamp duty to 4%: Assocham
Industry body Assocham has demanded uniform stamp duty rate of 4 per cent throughout the country on all property transactions along with co...