Tax Guru

Variability in Tax Liability on Property Acquisition in India

State stamp duty (5–7%) and registration fees, Central GST on under-construction property, 1% TDS on sales over ₹50L, and ...
Tax Guru

Faceless AO Ignored Evidence of Family Funding – Tribunal Restores Justice for Homemaker

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 ...

I inherited gold jewellery from close relative. How much tax will I pay when I sell it in the market?

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

Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul

There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs may face ...

What lawmakers aren’t telling you about how they’re forcing school districts to the ballot: Thomas Suddes

Statehouse flim-flam, coupled with huge legislative subsidies for “vouchers,” which help pay private school tuition for K-12 ...

Programs offering property tax savings for San Diego homeowners

San Diego County Assessor/Recorder/County Clerk Jordan Marks discusses several programs available to help reduce your tax hit.