'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
Tahawwur Hussain Rana, a Pakistan-born Canadian national and close associate of David Coleman Headley, could be extradited to India in connection with the 26/11 Mumbai terror attacks. Rana's travel history in parts of north and south India before the attacks in 2008 is expected to provide crucial leads for the investigation. His extradition would mark the third person to be tried in India for the attacks, after Ajmal Kasab and Zabiuddin Ansari alias Abu Jundal.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
According to the peculiar facts of the case, the six policemen of Jalgaon called three tenants including Vijaykumar Vishwanath Dhawale and Vinod Dodhu Chaudhary to a police station on March 9, 2022 and kept them under detention for 24 hours.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
SBI to e-auction over 300 properties on March 14.
Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
It is important to have the necessary documents on hand to verify the information in the form.
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
Sahara Group chief Subrata Roy passed away on Tuesday due to a cardiorespiratory arrest after a prolonged illness, a company statement said. He was 75. He was 75. According to the company statement, he passed away at 10.30 pm due to cardio-respiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
There was no evidence on record to link Shiv Sena Rajya Sabha MP Sanjay Raut to alleged irregularities in the redevelopment of Patra Chawl in suburban Mumbai, his lawyer on Tuesday told a special court.
The Brihanmumbai Municipal Corporation (BMC) on Wednesday urged the Bombay high court to dismiss actor Sonu Sood's petition seeking to restrain the civic body from carrying out demolition at his property in Mumbai.
'There's this presence, a sense of patrolling and surveillance. And it's not coming from a place of safety.' 'It's coming from a place of 'You don't belong here'.' 'It's a malevolent force, the society at large is observing them.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Missing the deadline for filing Income Tax returns can lead to consequences.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
Here are 5 ways you can get a credit card even if you do not have a job.
It is not advisable to touch retirement corpus if property is being purchased for investment.
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
Warehousing and logistics segment has been among the most resilient asset classes in the pandemic.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
The Andhra Pradesh government is now the registered proprietor of the GI tag for the mango variety often hailed as "the king of fruits".
If the government is able to deliver the promised projects, the large number of youth will be taken off the streets and that is not acceptable to the Pakistan army nor the terrorists hiding in Pakistan, notes Brigadier Narender Kumar (retd).
Madhya Pradesh police said violence in Bhind and Morena districts was 'sponsored'.
It is suggested that you get your SIM locked with which the wallet account is mapped.
What if you could have an option apart from personal loan in times of crisis?
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Fugitive diamantaire Nirav Modi's sister and brother-in-law have "turned approvers" in the over $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. Forty-nine-year-old Nirav Modi, who is currently lodged in a London jail, his uncle Mehul Choksi and others are being probed by the Enforcement Directorate (ED) in the Punjab National Bank (PNB) money laundering case since 2018. The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen. They are stated to be based abroad and have never joined the probe.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
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