Among these officials, a highest of 30 officers are from West Bengal cadre, 24 from Karnataka, 19 from Jammu and Kashmir, 17 from Bihar, 16 from Madhya Pradesh, 13 from Odisha, 10 each from Uttar Pradesh and Manipur-Tripura cadre and eight each from Arunachal Pradesh-Goa-Mizoram-Union Territories and Uttarakhand cadres have failed to submit the mandatory property returns.
What are the tax implications when you invest in real estate or any immovable property? Read on to find out.
Irani has said she did not complete her Bachelor of Commerce (Part-I) -- a three-year degree course -- from Delhi University's School of Open Learning in 1994.
The Hathras SP said the investigation also revealed that some political parties had contacted him some time back.
Delhi Minister Satyendar Jain has been getting special treatment inside the Tihar Jail, sources said quoting an affidavit filed by the Enforcement Directorate in the trial court as he meets with his wife regularly.
The fair market value of an immovable property will be higher from the acquisition cost.
Finance Minister P Chidambaram on Thursday announced a Rs 2,000 crore urban housing fund, while making luxury homes costlier by cutting abatement on service tax on a flat with a floor area of over 2,000 sq ft, or prices exceeding Rs 1 crore.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
Non-resident Indians with wealth stuck in real estate in India have reason to rejoice.
Refusing to divulge identity of the companies, sources indicated that three of them are based in Delhi and the remaining are in Maharashtra.
YSR Congress Party President Y S Jagan Mohan Reddy, who is contesting the by-poll from Kadapa Lok Sabha seat, on Friday declared that he and his spouse have assets worth Rs 445.70 crore and loans to the tune of Rs 10.12 crore.
Prime Minister Manmohan Singh is believed to have asked his Cabinet colleagues to disclose details about their assets and liabilities and refrain from dealing with the government in a commercial manner.In a code of conduct for ministers of both the Centre and the state governments, it has been emphasised that details of their assets should include particulars of all immovable properties and the value of shares and debentures, cash holdings and jewellery.
Delhi Chief Minister Sheila Dikshit has declared assets whose value has more than doubled during the past five years, reaching around Rs 2.7 crore.
Ending more than four decades of wait, India and Bangladesh will start the exchange of 162 adversely-held enclaves from Friday, marking the start of implementation of their landmark Land Boundary Agreement.
The Central Board of Excise and Customs (CBEC) have tightened noose on commercial renting of immovable property and telephone companies by receiving information through other sources to detect any possible evasion of service tax.
Moveable assets accounted for 46 per cent of the wealth of the 10 richest candidates in the first phase of the 2024 elections.
The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.
The attached properties include 14 assets of Tuteja worth Rs 15.82 crore, 115 properties of Anwar Dhebar, the elder brother of Raipur Mayor and Congress leader Aijaz Dhebar, worth Rs 116.16 crore, properties of Vikash Agarwal alias Subbu worth Rs 1.54 crore and 33 properties of Arvind Singh worth Rs 12.99 crore, it said in a statement.
A FIR registered by the CBI claimed that Major General Anand Kumar and his family members had six immovable properties worth a total Rs 5.33 crore in Delhi, Shimla and Gurgaon. The accused and his family members also had bank balances and fixed deposits to the tune of Rs 57.86 lakh and various other investments totalling Rs 1.21 crore.
Several Aam Aadmi Party leaders, including Manish Sisodia and Sanjay Singh, hit out at the BJP government at the Centre, saying agencies are targeting those who raised their voice against the ruling party.
Section 54 EC, if availed properly can bring several benefits for the taxpayer.
It may be recalled that the Gujarat government had introduced Prohibition of Transfer of Immovable Property and Provision for Protection of Tenants from Eviction from Premises in Disturbed Areas Act, Gujarat in 1991 after the communal riots to prevent distress property deals between members of different communities and ghettoisation. The Act had around 20 police stations under its jurisdiction in Ahmedabad.
Despite being lodged in prison, Bishnoi has allegedly managed to execute murders of many high-profile people, including Punjabi singer Siddhu Moosewala in 2022, Karni Sena chief Sukhdev Singh Gogamedi in 2023, besides orchestrating firing outside the residences of singers A P Dhillon and Gippy Garewal in Canada, the officer said.
Capital markets regulator Sebi on Tuesday sent a notice to NSE's former chief Chitra Ramkrishna asking her to pay Rs 3.12 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets and bank accounts if she fails to make the payment within 15 days. The notice came after Ramkrishna failed to pay the fine imposed on her by the Securities and Exchange Board of India (Sebi). In an order dated February 11, Sebi had slapped a penalty of Rs 3 crore on Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its managing director and chief executive officer, as well as for sharing confidential information of the company with an unidentified person.
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.
State's move is seen as a pilot for a national rollout of online land title records. Maharashtra plans to start the system in Mumbai.
To further tighten its control of practising accountants, the Centre has brought within the ambit of the Prevention of Money Laundering Act (PMLA) their "financial transactions" such as operating and managing their client firms and trusts, and buying and selling business entities. The Union finance ministry issued a gazette notification on this on Wednesday. Under the new rule, chartered accountants, company secretaries, and cost and works accountants carrying out such transactions (on behalf of their clients) will now be required to go through the Know Your Company (KYC) process before commencing work.
The bill has now been referred to a select committee of the legislature.
According to the draft, marriage laws will become more women-friendly with a slew of measures being proposed including providing for sufficient compensation for the wife and children from the husband's immovable property in case of a divorce.
The Mumbai Police, probing the Rs 5,600-crore (Rs 56 billion) scam at the National Spot Exchange has initiated the process of attaching about 25 immovable assets of the borrowers and has shortlisted nearly 100 properties of all the accused in the case, a senior police official said.
The movable assets of the 66-year-old princess, who died on November 11, include cash, gems and jewellery, car, Persian carpets and rare artefacts.
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
Marriage laws will now become more women friendly with the government on Wednesday approving a slew of measures including providing for sufficient compensation for the wife and children from husband's immovable property in case of a divorce.
The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not
Sebi on Thursday sent a notice to fugitive businessman Mehul Choksi asking him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems Ltd and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days. The demand notice came after Choksi failed to pay a fine imposed on him by the Securities and Exchange Board of India (Sebi). Choksi, who was the chairman and managing director as well as part of promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi.
