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VALUATION OF LAND INCOME TAX
Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT Surat- Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penalty
- Fairness, churn, and India's rise: India has lifted millions out of poverty, but the next big challenge is helping people climb further
- When Stocks Dampen Festive Cheer, Can Bonds Keep the Celebrations Going?Investors in India are navigating a challenging landscape as the equity markets descend into significant losses. Selling off assets at this...05 Nov, 2026, 04.39 PM IST
- Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT CuttackMr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his f...05 Nov, 2026, 04.07 PM IST
- FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...04 Nov, 2026, 07.30 PM IST
- Gold jewellery at home: How much can you keep without fear of Income Tax seizure?People can legally own gold without a prescribed maximum quantity if they explain its source. The Income Tax Department has guidelines rega...04 Nov, 2026, 06.35 PM IST
- Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...04 Nov, 2026, 03.32 PM IST
- Son gets income tax notice for Rs 33.23 lakh in property investment and cash; he gets relief in ITAT Jaipur for this reasonMother sold 642 grams gold jewellery, gifts the amount to son via notarised gift deed, son buys property and deposits cash in bank but gets...04 Nov, 2026, 10.15 AM IST
- $700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...03 Nov, 2026, 10.49 PM IST
- Rs 3.2 crore found in blue drums buried in UP village; police probe brothers' Mumbai, Pune linksThe recovery of Rs 3.2 crore from three buried blue drums in Uttar Pradesh's Nawabganj has prompted investigators to examine two brothers' ...02 Nov, 2026, 03.02 PM IST
- Rs 60 lakh cash deposit in widow's bank account triggers income tax notice for unexplained credit; she fights back and wins in ITAT PuneMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...02 Nov, 2026, 01.27 PM IST
- 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...02 Nov, 2026, 12.43 PM IST
- Sold property? You may pay zero tax if these Section 82 rules under Income Tax Act 2025 are metFor Tax Year 2026-2027, Income Tax Act, 2025 is applicable and this means you need to be versed with the renumbered Sections in order to co...02 Nov, 2026, 11.19 AM IST
- Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must knowThe Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals w...02 Nov, 2026, 08.43 AM IST
- India's ESOP tax rules need reform to ease employee burdenIndia’s ESOP tax rules impose tax on unrealised gains before employees receive cash, creating liquidity pressures. Reforming taxation throu...30 Oct, 2026, 11.22 PM IST
- ED attaches SP leader Azam Khan's Jauhar University property worth Rs 1,170 croreThe Enforcement Directorate has provisionally attached the assets of Mohammad Ali Jauhar University in Rampur. This action is taken under t...29 Oct, 2026, 10.07 AM IST
- 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...29 Oct, 2026, 05.17 AM IST
- Why did a family ranch face an estate-tax hurdle over missing signatures? Here's how a paperwork dispute reached a US appeals courtThe case involved the estate of Malcom McAlpine Jr., who had left his interest in a family ranch to three discretionary trusts benefiting h...28 Oct, 2026, 10.10 PM IST
- Council Tax Bands explained: How to check your band, current rates and can you pay less?UK Chancellor John Healey has announced an innovative cost-of-energy payment aimed at aiding households in council tax bands A to D in Engl...28 Oct, 2026, 08.53 PM IST
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