https://www.financialexpress.com/money/income-tax/received-an-income-tax-reassessment-notice-this-itat-ruling-shows-when-you-can-challenge-it/4294836 If you receive an income tax reassessment notice, your first instinct may be to focus on proving that the tax demand is incorrect. But what
*******Man sells house for Rs 1.10 crore; Income Tax calculates capital gains on Rs 1.96 crore – what ITAT says
https://www.financialexpress.com/money/man-sells-house-for-rs-1-10-crore-income-tax-calculates-capital-gains-on-rs-196-crore-what-itat-says-4294923 The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has clarified an important point for taxpayers selling property below the stamp duty value. The Tribunal
Now check foreign income & assets data in AIS ahead of ITR filing
https://www.financialexpress.com/money/now-check-foreign-income-amp-assets-data-in-ais-ahead-of-itr-filing-4294954 The inclusion of foreign income and investment data in the Annual Information Statement (AIS) will improve tax compliance and reduce inadvertent reporting errors. Taxpayers
*******NRIs can get home loans from Indian banks
https://www.financialexpress.com/money/your-loan-queries-nris-can-get-home-loans-from-indian-banks-4294998 My brother is working in Dubai and plans to invest in a property in Chennai. How can he apply for a loan from an
*******ITAT Chennai Deletes Addition Based Solely on Third-Party Statement in Reopened Assessment
Read more at: https://taxguru.in/income-tax/itat-chennai-deletes-addition-based-solely-third-party-statement-reopened-assessment.html?utm_source=follow.itCopyright © Taxguru.in The Income Tax Appellate Tribunal (ITAT), Chennai, considered an appeal filed by an individual consultant doctor against the order of
*******Reassessment Beyond Three Years Quashed as Escaped Income Was Below ₹50 Lakh: ITAT Hyderabad
Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-years-invalid-actual-escaped-income-rs-50-lakh.html?utm_source=follow.itCopyright © Taxguru.in Hyderabad ITAT: Reassessment Beyond Three Years Invalid Where Actual Escaped Income Is Below ₹50 Lakh The Hyderabad ITAT quashed the
*******Section 56(2)(x) Cannot Tax Redevelopment Flat Before Possession: ITAT Mumbai
Read more at: https://taxguru.in/income-tax/section-56-2-x-tax-redevelopment-flat-possession-alternate-accommodation-received-consideration.html?utm_source=follow.itCopyright © Taxguru.in Section 56(2)(x) Cannot Tax Redevelopment Flat Before Possession: Alternate Accommodation Is Not Received Without Consideration The Mumbai ITAT held that section
*******Rajesh Shamji Furia Vs ITO (ITAT Mumbai)
Read more at: https://taxguru.in/income-tax/redeveloped-flat-continuation-original-asset-sale-qualifies-long-term-capital-gain-eligible-indexation-section-54-54f-relief.html?utm_source=follow.itCopyright © Taxguru.in Rajesh Shamji Furia Vs ITO (ITAT Mumbai) Redeveloped Flat Is a Continuation of Original Asset: Sale Qualifies as Long-Term Capital
Section 69 Addition Deleted as No Evidence Linked Joint Holder to Alleged On-Money: ITAT Mumbai
Read more at: https://taxguru.in/income-tax/itat-deletes-section-69-addition-joint-holder-taxed-alleged-on-money-independent-evidence.html?utm_source=follow.itCopyright © Taxguru.in https://taxguru.in/income-tax/itat-deletes-section-69-addition-joint-holder-taxed-alleged-on-money-independent-evidence.html?utm_source=follow.it ITAT Deletes Section 69 Addition: Joint Holder Cannot Be Taxed for Alleged On-Money Without Independent Evidence The Mumbai ITAT
Name appearing in builder’s records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT said
Read more at:https://economictimes.indiatimes.com/wealth/tax/name-appearing-in-builders-records-showing-cash-payment-will-you-need-to-pay-income-tax-for-such-property-purchase-heres-what-itat-said/articleshow/132474005.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Buying property is a significant financial undertaking. But in one such case, a buyer found themselves facing income tax notice alleging they
Children can not have birthright to father’s self-acquired property even if he got it via gift, Will, family arrangement or partition in this case; Know what Mitakshara Hindu law says
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/children-can-not-have-birthright-to-fathers-self-acquired-property-even-if-he-got-it-via-gift-will-family-arrangement-or-partition-in-this-case-know-what-mitakshara-hindu-law-says/articleshow/132474151.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent ruling, the Andhra Pradesh High Court decided that just because a son inherits property from his father, it does not automatically
Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businesses
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-seek-rbi-clarity-on-collateral-free-loans-up-to-rs-20-lakh-for-small-businesses/articleshow/132468732.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst New Delhi: Banks are finding it difficult to extend collateral-free loans of up to ₹20 lakh to small businesses, as some accounts aren’t covered under
IDBI Bank ups FCNR ante with 16% on offer
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/idbi-bank-ups-fcnr-ante-with-16-on-offer/articleshow/132469436.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst MUMBAI: IDBI Bank has joined the race to attract non-resident Indian deposits under the central bank’s special FCNR(B) swap window, launching a leveraged deposit
मुंबई : वैद्यकीय इच्छापत्र म्हणजेच लिव्हिंग विल (अॅडव्हान्स डिरेक्टीव्ह) संदर्भातील प्रकरणांत वैद्यकीय बरोबरच कायदेशीर, नैतिक मुल्ये पाळली जावीत याकरिता सरकारी रूग्णालयांच्या धर्तीवर खासगी रूग्णालयांकरिताही वैद्यकीय