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Don't fall for fraudulent messages supposedly issued by I-T department

New Delhi, June 27 -- In a written reply to the Lok Sabha on 24 June 2019, Nirmala Sitharaman, Union minister of finance and corporate affairs, stated that, "A total of 7.19 crore income tax returns (... Read More


CBDT expands areas to be covered by committee writing the new Direct Tax Code

New Delhi, June 26 -- The Central Board of Direct Taxes (CBDT) has decided to expand the terms of reference for the committee that has been formed to re-write the Direct Tax Code (DTC). The committee ... Read More


Is it feasible for homebuyers to get stalled projects completed?

New Delhi, June 22 -- In a recent decision, the Uttar Pradesh Real Estate Regulatory Authority (UP Rera) deregistered three phases of a project in Noida. In effect, the developer and promoter of the ... Read More


Invest up to Rs.50 lakh in capital gains bonds, get LTCG tax break

New Delhi, June 19 -- You can claim tax exemption on long-term capital gains (LTCG) arising from transfer of capital assets like real estate and gold if you reinvest the gains in capital gains bonds s... Read More


Income-tax law does not consider all inherited assets as ancestral property

New Delhi, June 19 -- Not all properties that you inherit can be termed as ancestral property for tax purposes. Ancestral property is defined as one which a person inherits from any of three immediate... Read More


ITR filing: Income tax department makes disclosing LTCG from stocks, equity mutual funds simpler

New Delhi, June 18 -- On 14 June, the Central Board of Direct Taxes (CBDT) relaxed the rules on how to disclose long-term capitals gains (LTCG) from equity-oriented investments while filing income-tax... Read More


Is it feasible for homebuyers to get stalled projects completed?

New Delhi, June 17 -- In a recent decision, the Uttar Pradesh Real Estate Regulatory Authority (UP Rera) deregistered three phases of a project in Noida. In effect, the developer and promoter of the p... Read More


How greed can land you into a Ponzi scheme trap

New Delhi, June 17 -- Italy-born Charles Ponzi, a famous conman in the history of the US, became known in the 1920s when he swindled millions of dollars of investors' money by launching a scheme that ... Read More


Father's Day: Family's eldest member, typically the father, heads HUF

New Delhi, June 16 -- The concept of having a joint family and joint businesses and assets still exists in India. However, having joint finances and assets can also become a point of strife between fa... Read More


What's ahead for home buyers in de-registered projects?

New Delhi, June 15 -- In what is being touted as a groundbreaking decision, the Uttar Pradesh Real Estate Regulatory Authority (UP Rera) last month deregistered three phases of housing project Aranya,... Read More