My dad and mom owned a beach property with my mom's sister. When she passed away two and a half years ago, her son inherited ...

Agra ITAT deleted addition under Section 68, ruling that gifts from sisters (Sharad Maheshwar) were genuine. The Tribunal held the department cannot reject gifts solely because the donor's tax return ...

In simple terms, you’ve “given away” the home but still benefit from it, which means the property hasn’t really left your ...

The Tribunal ruled that the AO erred by blindly relying on NMS data to make a ₹1.23 crore addition for unexplained investment under Section 69. Since the registered sale deed proved the actual ...

The legislative committee’s ultimate goal is to get more properties back on the tax rolls and redeveloped. During a Thursday ...

The Calcutta High Court has held that property tax is a first charge on property and the auction purchaser is liable to pay ...

Kolkata: Auction purchasers are liable to pay the property tax dues of erstwhile owners, the Calcutta HC held on Sept 25 in a case where a company sou.

The assessee’s own bank statements corroborating the receipts. The main reason the brother (assessee) won the case was that ...

Kenya’s real estate market continues to attract local and international investors seeking to tap into its steady growth and ...

I am about to buy a house that will enable my son and daughter-in-law to move in with me so that I can be near my ...

Gold as gift from relatives is tax-exempt but the gifts that exceed Rs 50,000 from people other relatives in a fiscal year ...

The potential tax consequences of an in-specie transfer need to be considered if it is part of a binding death benefit ...