Tax Disputes on the Rise: A Growing Concern for Taxpayers and the IT Department

The increasing number of tax disputes is causing trouble for both taxpayers and the IT department. Real estate companies, including mall builders, are expected to be impacted.

Tax DisputesIt DepartmentReal Estate CompaniesTax LawsChartered AccountantReal Estate MumbaiOct 05, 2024

Tax Disputes on the Rise: A Growing Concern for Taxpayers and the IT Department
Real Estate Mumbai:The rise in tax disputes has become a pressing concern for taxpayers and the IT department alike. With the complexity of tax laws and regulations increasing, the number of disputes has been on the rise. According to experts, real estate companies, including mall builders, are expected to be impacted by these disputes. The IT department has been working to resolve these disputes, but the process is often time-consuming and cumbersome. Taxpayers are advised to seek professional help to navigate these complex issues.

Frequently Asked Questions

What is the main cause of the rise in tax disputes?

The complexity of tax laws and regulations is the main cause of the rise in tax disputes.

Who is expected to be impacted by the tax disputes?

Real estate companies, including mall builders, are expected to be impacted by the tax disputes.

What is the IT department doing to resolve the tax disputes?

The IT department is working to resolve the tax disputes, but the process is often time-consuming and cumbersome.

What advice is given to taxpayers to navigate the complex tax issues?

Taxpayers are advised to seek professional help to navigate the complex tax issues.

Who is CA Vijay Bansal and what is his expertise?

CA Vijay Bansal is a renowned chartered accountant with expertise in taxation and finance.

Related News Articles

Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
real estate news

Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base

Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year

May 30, 2024
Read Article
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Real Estate

No Reversal on Real Estate LTCG Tweaks: Government Stands Firm

Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.

July 24, 2024
Read Article
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
Real Estate

Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties

EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.

September 28, 2024
Read Article
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
real estate news

Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore

In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one

February 8, 2025
Read Article
Why Pattaya is the Next Big Thing for Indian Property Investors
Real Estate Mumbai

Why Pattaya is the Next Big Thing for Indian Property Investors

A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.

February 24, 2025
Read Article
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
real estate news

Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?

With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.

April 28, 2025
Read Article