Month: November 2025
*******Man gets tax notice for depositing Rs 8 lakh in bank account, tax dept deems it as presumptive business income; he wins case in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/man-gets-tax-notice-for-depositing-rs-8-lakh-in-bank-account-tax-dept-deems-it-as-presumptive-business-income-he-wins-case-in-itat-delhi/articleshow/124889465.cms Tax department treats Rs 8 lakh cash deposit as presumptive business income; ITAT Delhi gives relief to taxpayer When Mr. Kumar deposited Rs
*****Buyer of auctioned property to get Rs 2 crore refund as bank failed to disclose the pending legal dispute; Telangana High Court order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/buyer-of-auctioned-property-to-get-rs-2-crore-refund-as-bank-failed-to-disclose-the-pending-legal-dispute-telangana-high-court-order/articleshow/124985590.cms Property buyer paid Rs 2 crore advance for a Rs 8 crore property auctioned by a bank; but property was tangled in legal
*******Tax dept’s Rs 22-crore notice based on WhatsApp chat struck down by ITAT Delhi for lack of credible proof – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/tax-depts-rs-22-crore-notice-based-on-whatsapp-chat-struck-down-by-itat-delhi-for-lack-of-credible-proof/articleshow/124994878.cms Man gets tax notice for Rs 22 crore unexplained investment income because someone else’s WhatsApp chat said his name for this income, ITAT
*****Ancestral Property Sale Tax;
Clipped from: https://maharashtratimes.com/business/real-estate-news/ancestral-property-sale-tax-dept-issue-notice-over-8-crore-payment-taxpayer-wins-case-in-itat-delhi-know-how/articleshow/124800829.cms Tax on Sale of Ancestral Land in India: वडिलोपार्जित जमिनीच्या विक्रीतून एका माणसाला 8 कोटी रुपये मिळाले आणि त्याला आयकर विभागाची टॅक्स चोरीबाबत
*******House Rental Tips for First-time Landlords; पहिल्यांदा घर भाड्याने देताना सावधान! छोटीशी चूक देखील महागात पडू शकते, कायद्याच्या कचाट्यात सापडाल | Maharashtra Times
Clipped from: https://maharashtratimes.com/business/real-estate-news/property-house-rent-tips-for-first-timers-10-important-precautions-landlords-should-know-to-avoid-risk/articleshow/124516258.cms?story=4 Property Rent Tips: आपलं घर, फ्लॅट किंवा जमीन भाड्याने देणं एक मोठं पाऊल आहे आणि तुमच्याकडे योग्य माहिती असल्यास तुम्ही कोणत्याही अडचणीशिवाय सगळे व्यवहार
*Power of Attorney Rules for Property; मालमत्ता गमावून बसाल, संपत्ती दुसऱ्याच्या नावे करायचा Power of Attorney बद्दल कायदा समजून घ्या… | Maharashtra Times
Clipped from: https://maharashtratimes.com/business/real-estate-news/power-of-attorney-rules-for-property-ownership-transfer-legal-rights-in-india-to-know/articleshow/124625384.cms Power of Attorney for Property : पॉवर ऑफ ॲटर्नीमुळे एखाद्या मालमत्तेची मालकी मिळते का? त्यामुळे मालमत्तेच्या मूळ मालकाचे हक्क रद्द होतात का? हा
*******Your income tax queries: Claim deductions on rental income in new tax regime – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-income-tax-queries-claim-deductions-on-rental-income-in-new-tax-regime-4028245/ Under the new tax regime (Section 115BAC), individuals can still claim the 30% standard deduction on the net annual value of a let-out
*New facility for voluntary correction – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-facility-for-voluntary-correctionnbsp-4028318/ The CBIC has introduced the Customs (Voluntary Revision of Entries Post Clearance) Regulations, 2025, effective November 1. This significant trade facilitation reform allows
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