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Delhi techie couple donates Rs 50 to political party, claims Rs 40 lakh ITR deduction, evades Rs 5.3 crore income tax, faces IT probeA Delhi-NCR techie couple allegedly claimed Rs 40 lakh in tax deductions after donating just Rs 50 to a political party. An Income Tax Depa...- Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
- Chinese woman buys 196 parking spaces for Rs 20 crore, residents sue after she doubles rental chargesA Chinese woman’s purchase of 196 parking spaces in a residential complex has reignited debate on social media after residents challenged h...
- 5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
- Buying property abroad? 7-point FEMA compliance checklist Indian investors must follow to avoid penaltiesIndian investors acquiring Dubai properties without proper outward remittances are facing Directorate of Enforcement scrutiny. Violations o...
- Don't turn your overseas property dream into a legal nightmareStructuring choices, missed disclosures, and documentation gaps can turn a global investment into a regulatory headache
- Oberoi Realty shares fall 4% as institutional investor takes $230 million exit. What brokerages sayOberoi Realty shares declined by 4% after a significant equity sale by an institutional investor. The deal involved approximately 11 millio...
- Budget 2025 provides relief to taxpayers in filing updated returns but with a penalty of up to 70%The deadline for filing updated tax returns has been extended from two to four years. This allows taxpayers more time to correct discrepanc...
- Money laundering probe: ED to shoot off notices to uncover realty of DubaiMany Indian high net worth families have been swept up in the frenzy of the Dubai realty market where developers threw in lucrative offers ...
- German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sentGermany has provided India with a massive amount of data on properties in the UAE owned by Indians, potentially leading to tax evasion inve...
- Wider income tax slabs, higher standard deduction make the new tax regime more attractive. Has Budget 2024 made you richer?The Budget did not lower taxes for taxpayers who were hoping for increased deductions or more exemptions under Section 80. However, it prop...
- ITR filing: How to claim set off of capital loss against capital gains in your income tax returnA loss ocurrs when an individual sells his/her asset below the asset price. These losses can help an individual in reducing net taxable inc...
- Budget 2022 personal taxation proposals and how they will impact taxpayersThe surcharge on long-term capital gains tax from equity funds and listed stocks is already capped at 15%. But for gains from other assets,...
- Happy belated returns from I-T dept, but only if you pay up the extra taxBased on a trust-based governance mechanism, the Finance Bill has now allowed taxpayers to file an 'Updated Return' within two years from t...
- hBits to acquire 17,422 sq ft at Andheri East, Mumbai for Rs 18 croreTech-enabled fractional real estate ownership platform hBits has acquired 17,422 sq ft at Andheri East, Mumbai for Rs 18 crore. The company...
- How to report cryptocurrency gains, losses in income tax returnWhile currently, there are no specific guidance/specific tax provisions on taxation of cryptos in the Income-tax Act, 1961 (the Act), one c...
- Singapore's GIC buys minority stake in Mumbai realty firm Provenance LandThe project comprises a 5-star Four Seasons Hotel having 202 rooms, Four Seasons Private Residences and a proposed office tower.
- Will Nirav Modi follow uncle Mehul Choksi?Nirav Modi and Mehul Choksi are accused in the Rs 14,000 crore fraud that involved companies owned by them raising finance against letters ...
- Offshore Voluntary Disclosure Program to aid NRIs with undisclosed assetsUnder the US Foreign Account Tax Compliance Act it is expected that Indian banks will soon begin disclosing the names of American clients.
- Unitech Group's UCP plans to sell IT SEZ for Rs 2,700 - 3,000 croreUnitech, a person who did not wish to be named said, will use the money to reduce its debt that stood at Rs 5,642 crore as on March 31, 201...
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