Business News

Couple buys Rs 60 lakh flat, husband taxed on Rs 34.81 lakh stamp-duty gap; ITAT objects

FinSiddhi

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai has addressed this question in a case involving a husband and wife who jointly purchased a property.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

Larsen & Toubro to build India’s largest NVIDIA B300 AI Factory

Vyoma.AI, an Larsen & Toubro company, through its AI infrastructure subsidiary LTN Compute, has secured India’s largest single-cluster AI infrastructure an NVIDIA B300 AI Factory for a US-based AI cloud innovator. According the company’s project classification, the project is valued between Rs 10,000 crore to Rs 15,000 crore.