Browsing Tag

capital gains

2 posts
A loving addition of a wife's name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.

Added Wife’s Name in Property Out of Love? Got ₹70 Lakh Tax Notice

A loving addition of a wife’s name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.
ITAT Mumbai delivers big relief: Temporary flat given by developer during land redevelopment isn't a taxable "transfer" — no capital gains apply when it's purely interim with no ownership rights passed, quashing Rs 13.56 lakh addition.

No Tax on Temporary Flat: ITAT Rules Developer’s Alternate Accommodation Isn’t a Taxable “Transfer” of Property

ITAT Mumbai delivers big relief: Temporary flat given by developer during land redevelopment isn’t a taxable “transfer” — no capital gains apply when it’s purely interim with no ownership rights passed, quashing Rs 13.56 lakh addition.