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...
19 Sep, 2026, 03.36 PM IST
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...
23 Feb, 2026, 06.30 AM IST
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
17 Feb, 2026, 11.16 AM IST
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...
23 Jul, 2025, 11.03 AM IST
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...
02 Feb, 2025, 01.26 PM IST
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 ...
25 Jan, 2025, 08.11 AM IST
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...
22 Nov, 2024, 05.38 PM IST
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...
29 Jul, 2024, 05.37 PM IST
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...
31 Jul, 2023, 03.55 PM IST
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,...
07 Feb, 2022, 12.05 PM IST
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...
02 Feb, 2022, 10.43 AM IST
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...
28 Oct, 2021, 11.20 AM IST
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...
30 Sep, 2021, 09.00 AM IST
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.
22 Aug, 2018, 03.11 PM IST
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 ...
11 Aug, 2018, 06.50 AM IST
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.
31 May, 2014, 02.14 PM IST
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...
15 Jul, 2013, 05.43 AM IST