Tag: property
taxpayers: Realty LTCG: Taxpayers get to choose regime
The Lok Sabha Wednesday passed the Finance Bill with amendments to long-term capital gains (LTCG) tax rules on property proposed in the budget. This allows…
Nirmala Sitharaman to move amendment for taxpayers to choose between 12.5% or 20% LTCG rate on property transactions
Finance minister Nirmala Sitharaman on Wednesday will move amendments to the long-term capital gains tax provisions, proposed in the finance bill, for property including grandfathering…
India Inc calls for choice, exemption in LTCG tax reign
New Delhi:India Inc is requesting the government for a phased transition to the long term capital gains (LTCG) tax regime announced in the budget for…
NRI home buyer gets a relief from paying income tax on imposed income of Rs 40.45 lakh, due to delayed registry
The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment…
SC examines if illegitimate child has right over ancestral property
(This story originally appeared in on Jul 27, 2023) NEW DELHI: The Supreme Court on Wednesday took up an interesting question concerning Hindus: Would an…
Who’ll finance Indian infrastructure after the Adani scandal?
As the Adani Group grapples with uncomfortable scrutiny, there’s a palpable nervousness in India about what will happen next. In just over a quarter-century, the…
End may be in sight for global rate-hike cycle as Fed nears peak
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes…
rbi first policy: What’s behind the central bank’s ‘surprise’ pause?
Polls held by most financial media companies had forecast the Reserve Bank of India (RBI) would raise rates in the first policy review of FY24…
Can a married daughter stake a claim to late father’s property?
Q.Can I stake a claim to my late father’s property Q even though I’m married?— Seema S.According to the Hindu Succession (Amendment) Act 2005, a…
Why giving property via will is a bad idea
Gita had one complaint about my column. It favoured financial investments. That is not what people do in their real lives, she said. Financial investments…