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Tax department issues ITR scrutiny notices. Here's what to expect and how to file a reply

New Delhi, Oct. 17 -- A little more than 58,000 taxpayers, who filed their income tax returns (ITR) for financial year (FY) 2017-18, have been served notices of scrutiny. The income tax department has... Read More


IOB to e-auction 500 plus re-possessed properties through Magicbricks

New Delhi, Oct. 16 -- Indian Overseas Bank (IOB) has signed up with Magicbricks, a realty portal for the e-auction of 500 plus re-possessed properties worth more than Rs.800 crore. The e-auction will ... Read More


Over-borrowing is bad, what's worse is going for the settlement option

New Delhi, Oct. 14 -- It is that time of the year when you find neighbourhood markets, malls and e-commerce websites full of offers and deals across products. Even banks and financial institutions are... Read More


Significant jump in scrutiny notices, especially in case of foreign assets

New Delhi, Oct. 12 -- The income tax (I-T) department has served scrutiny notices to many taxpayers for income-tax return (ITR) filed for the financial year (FY) 2017-18. However, according to charter... Read More


Locked in? Some festive discounts might prove too good to be true

India, Oct. 12 -- Like every year, real estate developers have started queuing up with deals and festive offers that may continue well into March next year. These offers include cash discounts, waivin... Read More


'Half of ready, unsold property in Mumbai affordable'

India, Oct. 12 -- A recent data released by Proptiger.com, indicates that developers had an unsold stock of over 2.93 lakh units till July 2019 in Mumbai Metropolitan Region (MMR). Out of these, over ... Read More


5% increase in DA, has nothing to do with private sector employees

New Delhi, Oct. 10 -- To compensate against inflation, the Cabinet approved an increase of 5% in dearness allowance (DA) paid to the central government employees, effective from 1 July 2019. DA or Dea... Read More


Assess new surcharge tax from equity gains

New Delhi, Oct. 8 -- On 20 September, finance minister announced that enhanced surcharge rates introduced in Finance Bill 2019 will not apply on capital gains from shares, equity-oriented mutual funds... Read More


Direct tax code aims to simplify archaic tax rules as we know it

New Delhi, Oct. 8 -- Income tax rules that govern how you pay taxes on your income date back to 1961. In order to keep up with the time and to make rules on income tax less cluttered, the government h... Read More


IRDAI form working group to revisit the product structure of title insurance

New Delhi, Oct. 7 -- One of the sections under Real Estate (Regulation and Development) Act, 2016 made it mandatory for real estate promoters or developers to obtain a title insurance policy before la... Read More