A Bombay High Court-backed ruling has shown how a specific detail in tax law can save homeowners a fortune. By focusing on a property’s allotment date instead of its registration date, a homeowner successfully saved ₹1.42 crore in taxes under Section 54 of the Income Tax Act. A ₹1.42 Crore Tax Demand Overturned The case … Read more
A Simple Trick to Avoid Rs 10 Lakh in Capital Gains Tax Here’s a common dilemma: you’ve sold a property and made a significant profit, but you haven’t bought a new house yet. The tax deadline is looming, and you’re facing a hefty capital gains tax bill. Is there any way out? For Ramesh, a … Read more
How GST Rate Cuts May Benefit Different Sectors Prime Minister Narendra Modi recently announced that “next generation GST reforms” will be implemented before Diwali. These reforms, aimed at reducing the tax burden on consumers and small businesses, have created significant anticipation for potential GST rate cuts. While the final decisions will be made by the … Read more
Directorate of Enforcement (ED), Bengaluru Zonal Office has issued a Provisional Attachment Orderon 14/08/2025 in the case of TDR scam involving M/s. Valmark Realty Holdings Private Limited (VRHPL)and certain BBMP officials, worth Rs 4.06 Crore (approx.) which includes immovable properties such asland and flats, belonging to TDR brokers and fake owners. TDR/DRC means an award … Read more
India’s industry leaders are pushing for a major shake-up of the Goods and Services Tax (GST) system. They’ve formally asked the government to bring key sectors like petroleum products, electricity, and real estate under the GST umbrella. The goal? To broaden the tax base and, in turn, reduce overall GST rates for everyone. Why the … Read more
