But does receiving a new flat in exchange for old flats mean that the owner will have to pay income tax on it? Here's what you need to know. What ITAT Rule? In a recent ruling, Mumbai ITAT ...

Mumbai: With the start of the new financial year 2025-26, salaried individuals are once again facing the common dilemma — which tax regime to choose: old or ... your annual income is up to ...

Mumbai: The family of a 48-year-old man from Santacruz (east), employed in Dubai, received a notice from the Income Tax department demanding that he pay Rs 2.84 crore GST towards income of Rs 13.8 ...

A recent verdict by the bench members B.R Baskaran (accountant member) and Sandeep Gosain (judicial member) of the Mumbai ITAT (Income Tax Appellate ... of rights in the old flat” and would ...

Pushpa Director Sukumar's Hyderabad House & Office Raided By Income Tax Department, Officials Escort Him From Airport To His Residence Tax officials suspect multi-crore tax evasion and are ...

the Income Tax Appellate Tribunal (ITAT), Mumbai, has held that the difference in value between the old and new flat received in redevelopment cannot be taxed under section 56 (2) (x) of the ...

The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji Pallonji (SP) ...

MUMBAI: Though the new tax regime offers a simpler framework by eliminating deductions and exemptions, some incomes are still eligible for tax benefits. One such income is the interest on post ...