Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'Maharashtra is virtually in a debt trap.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
About the 34-year-old officer's alleged misuse of power, including the use of a private luxury car with a VIP number plate and red-blue beacon, during her tenure at the Pune collector's office, Dilip said she had taken permission for everything.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
The Karnataka CM is facing allegations of illegalities in the allotment of 14 sites to his wife Parvathi B M by the Mysuru Urban Development Authority (MUDA).
Chattopadhyay was seen being taken out of his residence at Subhasgram in South 24 Parganas district around 2 pm by ED officials, who previously conducted search operations at the premises for over seven hours.
Police had launched a search for Manorama and her husband Dilip Khedkar after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil.
The properties the government is eyeing to dispose of this year are located in prime locations of cities like Delhi, Mumbai, Surat, Ahmedabad, Bengaluru and Chennai.
The Enforcement Directorate (ED) has attached 8.86 acres of land in Ranchi allegedly owned by former Jharkhand chief minister Hemant Soren as part of a money laundering investigation against him and his associates, the federal agency said on Thursday.
The federal probe agency obtained these receipts from two Ranchi-based dealers and attached those to its charge sheet filed against the 48-year-old Jharkhand Mukti Morcha (JMM) leader and four others last month.
The Indian Medical Association has announced a 24-hour nationwide withdrawal of non-emergency services from 6 am on August 17 to protest against the alleged rape and murder of a trainee woman doctor at the state-run R G Kar Medical College and Hospital in Kolkata and the subsequent vandalism at the facility.
Individual should be extra careful when taking money from parents or relatives to buy a property
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Akhtar Imam, chief manager of the Asian Elephant Rehabilitation and Wildlife Animal Trust, said he has been looking after elephants since the age of 12.
Karnataka Chief Minister Siddaramaiah on Thursday held discussions with his cabinet colleagues in the wake of the Governor Thaawarchand Gehlot reportedly issuing him a 'show-cause notice', seen as a precursor to sanctioning his prosecution in the alleged Mysuru Urban Development Authority (MUDA) site allotment 'scam'.
The incident took place amid midnight protests by women against the horrific rape-murder of the doctor at the hospital.
In a video clip that had gone viral on social media, Faizan, along with four other Muslim men, was seen being beaten up by policemen while being forced to sing the national anthem and 'Vande Mataram'.
In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
Most borrowers of loans against property pin hopes on future cash flows from their business, but in case of failure to repay the loan, the lender can repossess the property and sell it.
Frequent balance transfer in search of a lower rate can be tricky for borrowers, if property prices fall
rediffGURU Samkit Maniar answers readers' personal income tax queries
Actor Amitabh Bachchan has gifted his bungalow in suburban Juhu in Mumbai to his daughter Shweta Nanda, according to official documents.
rediffGURU Mihir Tanna answers your income tax queries.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
Malik allegedly built an "illegal" madrasa in the Banbhoolpura area of Haldwani. Its demolition led to the violence in Banbhoolpura area of Haldwani on February 8.
A sessions court in Palanpur town of Gujarat's Banaskantha district on Wednesday convicted former Indian Police Service officer Sanjiv Bhatt in a drug seizure case dating back to 1996.
The Centre has repromulgated an ordinance to amend the Enemy Property Act to guard against claims on properties left by people who migrated to Pakistan and China.
While one can file an updated return, there are certain caveats, warns rediffGURU Mihir Tanna.
A division bench of Justices Vibhu Bakhru and Amit Mahajan set aside the single judge's December 24, 2019 order pegging the value of the property at Rs 130 crore.
The Calcutta high court on Tuesday set aside the promulgation of prohibitory orders under Section 144 of CrPC at Sandeshkhali, which has been witnessing protests over the last one week.
You can invest the proceeds in capital gains bond or reinvest in another residential property.
A dozen land parcels in Ranchi measuring about 8.5 acres in total are in 'illegal possession, occupation and use' of arrested former Jharkhand chief minister Hemant Soren and are proceeds of crime under the anti-money laundering law, the Enforcement Directorate has claimed.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
