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Income Tax Notice

2 posts
Builder Paid ₹13.5 lakh in Redevelopment; Taxman Taxed Member

Builder paid ₹13.5 lakh in redevelopment; taxman taxed member on unspent part

A member of a Bandra East MIG housing society received ₹13.50 lakh…
Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.

Vacant Flat Can Still Attract Income Tax Notice: Mumbai ITAT Remands Case on Notional Rent

Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.