Maintain a proper record of documents that can act as proof of the cost of acquisition of the property, cost of improvements made to the property, expenses related to transfer of the property (like brokerage and registration charges). These will come in handy in case of a dispute with the taxman.
The Bharatiya Janata Party president also accused successive Congress government's of having alienated the region from the rest of the country.
In a historic transition, the Parliament moved into a swanky new complex on Tuesday, with Prime Minister Narendra Modi urging MPs to forget all past bitterness and start a new chapter and the introduction of the women's reservation bill taking centre stage.
It takes a minimum of two to three hours for a bill to be explained. But nowadays it just takes few minutes to pass Budgets and even constitutional amendments.
The government is at liberty to re-promulgate the ordinance if the bill fails to get through Parliament.
A bench headed by Chief Justice S A Bobde said it will hear the transfer petition of the Centre on January 10.
The Aadhaar Bill passed during Budget session last month, overruling amendments moved in Rajya Sabha.
Government unlikely to bring in an ordinance to address the developments arising out of the Supreme Court order.
The bill will replace an ordinance issued in February by the previous Bharatiya Janata Party-led National Democratic Alliance government.
The proceedings were washed out over various issues including the Citizenship (Amendment) Bill and roster system for reservation in educational institutions.
A bench comprising Justices L Nageswara Rao and B R Gavai said it has perused the judgments submitted and was of the view that the issue does not need consideration by a larger bench.
The BJP has asserted that the amended act not against any community.
the Opposition looks to corner the Union government over issues like economic slowdown and situation in Kashmir while the Narednra Modi dispensation seeks to push through the contentious Citizenship (amendment) Bill, a key part of the Bharatiya Janata Party's ideological agenda.
A much delayed bill which provides for a mechanism for investigation against judges was passed in the Lok Sabha amid din created by pro-Telangana members.
While the Centre said that the amendment bill is pending in Parliament to include the leader of largest opposition party, a bench headed by Chief Justice T S Thakur said that Parliament, by not amending the law, cannot frustrate the mandate for appointment of Lokpal.
It will reduce compliance cost as the assessee will not have to maintain multiple records for a variety of taxes
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
The Supreme Court on Friday agreed to hear a plea challenging the constitutional validity of the Citizenship (Amendment) Act filed by an activist. A bench comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant issued notice to the Centre on activist Saket Gokhale's plea and tagged them along with over 160 petitions challenging the CAA which are listed for hearing this month.
BJP-led NDA has said it will strongly demand that the Telangana Bill be brought in the Winter Session of Parliament and press for debates on issues like internal security, violence against women and subversion of constitutional bodies like JPC on 2G scam.
Sibal said the party will certainly move the court if amendments in the Aadhaar Act to be brought after this verdict are not brought in Rajya Sabha for discussion.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
Such a legislation, the panel said, should be made applicable not only to the NRIs but also to those individuals who come within the definition of 'Overseas Citizens of India' as laid down in the Citizenship Act, 1955.
A parliamentary standing committee has cleared the bill seeking amendment in the Constitution for women's reservation in the Lok Sabha.
A division bench comprising justices S Manikumar and Subranmonium Prasad rejected the contention by additional solicitor general G Rajagopalan that the petition filed by the DMK as a "political interest litigation" and moved to push its agenda.
States are apprehensive of losing their rights to raise revenue during emergencies.
The Congress and the Left parties might move court to challenge LS speaker's ruling on Aadhaar as money Bill.
Trinamool Congress chief and Railway Minister Mamata Banerjee attributed her party's abstention from voting on the Women's Reservation Bill in Rajya Sabha to a "communication gap" and said she was committed to the Constitutional amendment.
