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TDS DEDUCTION JOINT PROPERTY OWNERSHIP
Land grabbed by neighbour for 40 years? Karnataka HC rejects adverse possession claim, upholds owner’s titleKnow how an owner won fight for his 4-acre-11-gunta land in Karnataka HC after neighbour claimed title to this land based on 40 years of ad...- Rs 34.8 lakh difference in price and stamp duty added to husband's income for taxation despite a jointly owned property - ITAT Mumbai calls it 'not justified'A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of ...
- 19-year-old buys $600,000 investment house while serving in Australian Defence Force: How Olivia Shone started saving at 16, invested in cattle and built a four-bedroom propertyAt just 19, Olivia Shone has achieved an extraordinary property milestone, buying land and building a four-bedroom investment house worth a...
- Clint Eastwood sold 280 acres of his California coastal property for $3.08 million in 1995 — The surprising conservation deal that helped keep Carmel land undevelopedClint Eastwood’s 1995 sale of roughly 280 acres of his California coastal property to Monterey County for $3.08 million became an important...
- Ryan Seacrest sells sprawling 40-acre Napa Valley estate for $18.5 million after $22 million listing. American Idol host’s lavish retreat featured an infinity pool, olive grove and 10,750-square-foot homeRyan Seacrest has sold his sprawling 40-acre Napa Valley estate in St. Helena for $18.5 million after initially listing it for $22 million....
- Neighbour tried to grab land using a rectification deed without owner’s consent: Here's why Supreme Court offered relief to ownerNeighbour tried to take land using rectification deed without informing owner; Supreme Court says rectification deed cannot change title of...
- 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 ...
- Land(ing) in trouble: ₹8,500 cr property deals under taxman's scannerTransactions were either not reported, were undervalued or had suspected benami ownership; deals span bulk land purchases, agri land & othe...
- 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...
- FD rate up to 8.5% for senior citizens investing for five years; know the list of banksFor senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with...
- NRI can’t sell Indian property before October 1, 2026 if buyer does not have TAN; Know how to apply for TAN onlineThe TDS rulesfor NRIs say that there isno thresholdlimit for TDS deduction, whereas resident Indians get a threshold limit of Rs 50 lakh be...
- Employees exercising their ESOPs should know how a recent ITAT ruling will determine whether the benefit is taxed as perquisite or capital gainsA recent ITAT decision clarified ESOP repurchase taxation. The tax tribunal ruled that repurchased options are capital assets, not perquisi...
- If I sell my property jointly owned with my wife, can I buy the new one in my name for LTCG tax exemption?ET Wealth Reader's Query: I jointly own a property with my wife, although it was funded entirely by me. If I sell this property, is it nece...
- 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.
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
- Employee got Rs 30 lakh salary after job switch, did not file ITR, Income Tax dept imposed Rs 3.74 lakh penalty; he fought and won the case in ITAT DelhiEmployee switched job and got Rs 30 lakh salary on which TDS was deducted, forgot to file ITR, Tax dept sent notice and imposed Rs 3.74 lak...
- 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...
- 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 ...
- SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
- FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFixed Deposit (FD) rate for senior citizens investing for five years. The article has a chart using which you can compare the top banks whi...
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