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

Mumbai Real Estate Market Sees Flexi Payment Plans Take Center Stage This Festive Season
Real Estate Mumbai

Mumbai Real Estate Market Sees Flexi Payment Plans Take Center Stage This Festive Season

Flexi payment plans are the flavour this Ganesh Chaturthi in Mumbai. Prices remain steady as demand softens in Mumbai real estate market?

September 7, 2024
Read Article
Kiyosaki Predicts Looming Market Crash: Advice for Investors
real estate news

Kiyosaki Predicts Looming Market Crash: Advice for Investors

Renowned investor Robert Kiyosaki has issued a stark warning about the potential for a major market crash, urging investors to diversify their portfolios with real estate, gold, silver, and Bitcoin.

March 12, 2025
Read Article
Blackstone to Boost Stake in Small-Cap Realty Firm for ₹1,167 Crore, Sale Triggers Open Offer
real estate news

Blackstone to Boost Stake in Small-Cap Realty Firm for ₹1,167 Crore, Sale Triggers Open Offer

Blackstone, a leading global investment firm, is set to increase its stake in a small-cap real estate company for ₹1,167.03 crore. This strategic move, detailed in an exchange filing, is poised to trigger an open offer. Read on to learn more about this si

March 14, 2025
Read Article
Akshay Kumar Sells Two Premium Mumbai Apartments for Over Rs 6 Crore, Bookmarks Substantial Profit
Real Estate Mumbai

Akshay Kumar Sells Two Premium Mumbai Apartments for Over Rs 6 Crore, Bookmarks Substantial Profit

Renowned Bollywood actor Akshay Kumar has made a significant move in the real estate market by selling two luxurious apartments in Mumbai for a staggering Rs 6 crore. The transaction, which netted him a 90% profit, highlights the actor's savvy investment

March 25, 2025
Read Article
TGRERA Imposes Heavy Penalty on Hyderabad Builder for Violating Real Estate Regulations
Real Estate

TGRERA Imposes Heavy Penalty on Hyderabad Builder for Violating Real Estate Regulations

The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a heavy fine of 13.74 lakh on a Hyderabad-based builder for using an improper agreement of sale, violating multiple sections of the Real Estate (Regulation and Development) Act 2016.

March 28, 2025
Read Article
Starwood Real Estate Income Trust's Compliance Officer Sells Shares for $69,938
real estate news

Starwood Real Estate Income Trust's Compliance Officer Sells Shares for $69,938

In a recent securities filing, the compliance officer of Starwood Real Estate Income Trust revealed the sale of shares worth $69,938. This move has raised questions about the company’s future and the broader implications for investors in the real estate sector.

April 3, 2025
Read Article