You may spend 20 or 30 years building a house, buying investments, and saving for your family. But have you thought about what happens to
Man deposits Rs 2.5 Cr cash in 3 accounts at same bank; gets I-T notice, ITAT says this
Delhi man who deposited Rs 2.47 crore in cash during the demonetisation period has got major relief from the Income Tax Appellate Tribunal. The Delhi
Mother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensation
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/mother-nominated-son-in-her-savings-bank-a/c-but-both-died-father-faced-long-delay-in-getting-funds-consumer-commission-orders-rs-10000-compensation/articleshow/134583965.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst It is usually recommended to have a nominee for a bank account, so that when the account holder passes away, the bank
Assessment Notices Sent to Erstwhile Tax Consultant’s Email Without Communication to Taxpayer: ITAT Condones Delay of 2566 Days
Condoning a delay of 2566 days, the Pune bench of the Income Tax Appellate Tribunal (ITAT) noted that sending the income assessment notice to erstwhile
10% Stamp Duty Tolerance Band Is Curative and Retrospective: ITAT Deletes ₹3.77 Lakh Income Tax Addition
The Income Tax Appellate Tribunal (ITAT), comprising Vice President SaktiJit Dey and Accountant Member G. M. Doss has held that the enhanced 10% tolerance limit
Section 69 Cannot Be Invoked for Investments Duly Recorded in Books: ITAT Deletes ₹126.58 Lakhs Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has held that Section 69 of the Income Tax Act, 1961 cannot be invoked where the investment
Section 50C vs 43CA vs 56(2)(x): Stamp Duty Value Taxation
Read more at: https://taxguru.in/income-tax/section-50c-43ca-56-2-stamp-duty-taxation.html?utm_source=follow.it Copyright © Taxguru.in Section 50C vs Section 43CA vs Section 56(2)(x): A Technical Analysis of Immovable Property Taxation Summary: Sections 50C,
9 lessons I learnt from Anil Kumble about building a life, not just a career
Most athletes retire and start sweating. They spent twenty years mastering cover drives but never learned Excel. Kumble went from writing engineering exams to taking
Ancestral vs self-acquired property: When oral relinquishment is valid under Hindu succession law
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/ancestral-vs-self-acquired-property-when-oral-relinquishment-is-valid-under-hindu-succession-law/articleshow/134498949.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A recent case in the Bombay High Court highlighted that where ancestral property is concerned, oral relinquishment of one’s right in a
Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full relief
Read more at:https://economictimes.indiatimes.com/wealth/tax/purchased-property-below-market-value-filed-no-itr-got-income-tax-notice-paid-the-tax-but-asked-to-pay-rs-70000-penalty-itat-delhi-gives-full-relief/articleshow/134498418.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Rai from Indrapuram, Ghaziabad, purchased a property for Rs 48 lakh, he claimed to have no idea that the property’s
Joint Ownership Rules: सह-कर्जदाराचा मृत्यू झाला, तर EMI ची जबाबदारी कोणाची? अख्खा कर्ज माफ होतो का? कायदा, नियम समजून घ्या
Property Rules: गृहकर्जामुळे आजच्या काळात मोठ-मोठ्या शहरांमध्ये स्वप्नातलं घर खरेदी करणे सोपे झाले आहे. यामध्येही बहुतेक लोक संयुक्त गृहकर्ज म्हणजे जॉईंट होम लोन घेतात, जेणेकरून
Daughter’s Property Rights: वडिलांनी भावाच्या नावावर प्रॉपर्टी केली, मुली करू शकतात का संपत्तीवर दावा? विशिष्ट परिस्थितीतच नाकारला जाऊ शकतो हक्क
Property Rights : पालकांनी आपले घर किंवा इतर मालमत्ता मुलाच्या नावे केली असेल, तर मुलगी आपला हक्क सांगू शकते का? असा अनेकदा प्रश्न उपस्थित होतो.
Inherited property through a Will? 7 steps to make the property legally yours
https://www.financialexpress.com/money/inherited-property-through-a-will-7-steps-to-make-the-property-legally-yours-4346520 Here are seven key steps heirs should follow to secure their claim over inherited property. (a) Obtain the Death Certificate: • Procure certified copies
Woman skips ITR filing, faces Rs 16 lakh income tax addition; what ITAT ruling says
A taxpayer has got relief from a tax reassessment after the Mumbai bench of the Income Tax Appellate Tribunal found that the notice issued by