A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT ...

A TDS error by the buyer of an ancestral land jointly held by a father and son led to a notice from the I-T Department.

As the federal government shutdown drags on, Maryland Realtors warns of growing uncertainty in the housing market.

Quoting false PAN can lead to a penalty of ~10,000 per default; wilful concealment can even result in imprisonment ...

From capital gains to rental TDS and home loan deductions, returning NRIs need smart tax planning to optimise liabilities, ...

Mumbai ITAT clarified that perpetual leasehold rights are equivalent to ownership for the purpose of a specified agreement" under Section 45(5A)/194-IC, requiring 10% TDS on JDA monetary ...

Missed filing your taxes in April? The final deadline for late filers is October 15. Experts explain what you need to know — ...

While the new Income-tax Act promises clarity and simplicity, several procedural rules remain stuck in the past. Expert warns that unresolved TDS credit issues and overlapping levies are causing ...

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.

Judicial ruling confirms that investment source for property purchased by a homemaker was genuine. The ITAT found that the entire consideration had a clear trail from the son's account, reversing the ...

Inheriting gold jewellery is a windfall, but tax obligations arise only when you sell. Understanding capital gains rules, ...