Real Estate Mumbai
Winning Twice: How a Mumbai Man Secured a ₹2.6 Crore Flat and Zero Tax in Court
Discover the remarkable story of a Mumbai resident who not only won a ₹2.6 crore flat in a civil dispute but also managed to avoid paying taxes on it, securing a double victory in court.
real estate news
Shah Rukh Khan Secures Major Victory in ITAT Ruling: A Deep Dive into Foreign Tax Credit
Shah Rukh Khan, one of Bollywood's most prominent stars, has emerged victorious in a significant ITAT ruling. This article delves into the details of the ruling and explains the implications of foreign tax credit for Indian celebrities and businesses.
real estate news
Clarifying Capital Gains on Real Estate: Possession as Acquisition Date
The author recommends that the Finance Minister consider adding a clarification to treat the date of possession as the date of acquisition for under-construction properties under Sections 54 and 54F to ease litigation and provide clarity to taxpayers.
Real Estate Mumbai
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.
real estate news
Government Offers Flexibility to Taxpayers on Capital Gains Tax for Real Estate Transactions
In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.
real estate news
Understanding the Impact of Budget 2024 on Property Transactions
The Finance Minister's recent proposals will have far-reaching implications for real estate transactions, including changes to income tax laws and tax deductions.