A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) attaching a residential flat worth Rs 1.54 crore in Mumbai's Worli, and 25 land parcels valued at Rs 2.67 crore in Dhutum village in Raigad district.
People were still frantically searching for their loved ones as police said 19 people were still unaccounted for.
Physical assets such as gold and real estate have their own positives and negatives, while other financial assets such as mutual funds, stocks and bonds come with their pluses and minuses. Let us look at both options in a little more detail.
If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner
The Act envisages that the states and Centre will formulate specific rules for real estate regulation.
The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.
PMO asked income-tax department to submit report on action taken against identified benami owners
Government contemplates tax incentives for housing projects.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Communications between the USTR and the world's most powerful pharmaceutical and trade lobbying groups reveal that many raised concerns about India's push to exempt Covid vaccines from intellectual property.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
The sobering news is that retailers - including big firms like Reliance Retail - and exhibitors are contemplating issuing force majeure notices to shopping malls and real estate owners, and are in discussions with them to formulate an action plan for sharing the financial burden of the lockdown.
'We will see footfall returning to pre-COVID levels by January.'
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
The order comes in the wake of rioters defacing and destroying historical sites, monuments and statues in the country as violence erupted following the brutal custodial death of African-American George Floyd on May 25.
Many house owners are not aware of this option and hence end up taking personal loans to renovate their homes
Other than Snapdeal, the four markets are Tank Road in Delhi, Heera Panna in Mumbai, Kidderpore in Kolkata and Millennium Centre in Aizawl. Snapdeal, one of India's largest e-commerce platforms, is known as a place to purchase counterfeit watches and shoes.
A statement from Gandhi's office came after a media house purportedly made a query to Robert Vadra asking whether a portion of the money he had received from the DLF was used by his wife to buy properties in Faridabad in Haryana.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
Former England captain Michal Vaughan talks of the power dynamics that theT20 tournament will hold, while Australia spin legend and former captain of Rajasthan Royals, Shane Warne reckons IPL makes cricket second most popular sport in the world.
Amy, 26 weeks pregnant, is expecting her baby in September.
Mayawati recently appointed her brother Kumar as national vice president of the Bahujan Samaj Party.
Vadra's anticipatory bail application is likely to be heard by the court on Saturday.
'Is it not deplorable that even after 75 years of independence, there are people in our society who have been denied freedom?'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
This is the first protest in Bihar against the state government order directing schools, colleges and coaching institutes to remain closed till April 11 following a rise in COVID-19 cases.
The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
While the couple has kept mum about their relationship, according to sources close to the development, the wedding festivities -- starting with sangeet and mehendi followed by the marriage ceremony -- will be held from December 7 to 9.
The NCP leader defeated his cousin Pankaja Munde of the BJP in the just-concluded assembly elections from Parli in Beed district of central Maharashtra.
The Centre's response came on a petition filed by the JNMF seeking to set aside the estate officer's October 15 eviction notice.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Chief Minister Stalin seems to have drawn a line between his personal beliefs and those of others in the family, beginning with wife Durga Stalin, observes N Sathiya Moorthy.
The Shahbaz Sharif family (his two wives and their children) invested PkRs 277 crore in 13 companies without having known sources of income.
No one can claim ownership right over the sacred place by merely putting up a structure like a mosque, a counsel for 'Ram Lalla' told the Supreme Court.
The Ayodhya judgment of November 9 draws on both the polytheism of Hinduism and the modern rule of law, says Deepak Lal.
In a fresh plea on Tuesday, the Centre said it had acquired 67 acres of land including the 2.77 acre disputed Ram Janambhoomi-Babri Masjid site and sought permission of the top court to return the excess land to its original owners.
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