Month: July 2026

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

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

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

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

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

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

https://www.financialexpress.com/money/cbdt-allows-taxpayers-to-view-foreign-assets-information-4293923 The Central Board of Direct Taxes (CBDT) has started displaying information on taxpayers’ foreign assets and income on the Income Tax e-filing portal, in

Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/its-not-just-about-tariffs-bruv-the-real-promise-of-india-uk-ceta/articleshow/132445551.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The real significance of the Britain-India Comprehensive Economic and Trade Agreement (CETA) is not that tariffs are coming down. It is that two increasingly

Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-bars-banks-nbfcs-from-selling-acquired-stressed-assets-back-to-defaulting-borrowers-related-parties/articleshow/132441216.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks,

Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-woman-sold-her-property-in-gujarat-for-rs-21-lakh-tax-dept-sent-notices-she-missed-them-as-she-lived-abroad-later-she-files-case-and-wins-in-itat-ahmedabad/articleshow/132434487.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/nri-woman-sold-her-property-in-gujarat-for-rs-21-lakh-tax-dept-sent-notices-she-missed-them-as-she-lived-abroad-later-she-files-case-and-wins-in-itat-ahmedabad/articleshow/132434487.cms Kaminiben, an NRI from Anand, Gujarat, ran into trouble with the income tax department after selling a house in AY 2018-19. She had

https://www.financialexpress.com/money/income-tax/income-tax-after-retirement-10-earnings-that-continue-to-be-taxed/4293646 Retirement is often viewed as the point where tax obligations significantly reduce. While employment income may stop, taxation certainly does not.  In fact, many retirees receive income