Latest updates for Construction Cost Dvo Income Tax

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Recent items include:

  • DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference
  • Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT
  • ₹1 crore foreign asset disclosure could cost 60% under FAST-DS: Check the math

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thetaxtalk.com /18 hours ago

DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference

DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference     Madras High Court Explains the Real Meaning of the Supreme Court’s Sargam Cinema Ruling Tax litigation...

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thetaxtalk.com /2 weeks ago

Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT

Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT   Assessee disputed stamp duty value and specifically requested DVO reference, but AO proc...

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businesstoday.in /3 weeks ago

₹1 crore foreign asset disclosure could cost 60% under FAST-DS: Check the math

FAST-DS can impose a substantial cost on taxpayers declaring certain undisclosed foreign assets or income, with the tax and additional amount together reaching 60% of the declared...

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realty.economictimes.indiatimes.com /5 days ago

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

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thetaxtalk.com /1 month ago

Curated article

Why Is Your Tax Software Still Computing Indexation? It May Actually Be Saving You Tax   If you have recently sold a plot of land or a building acquired many years ago, you may hav...

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thetaxtalk.com /2 weeks ago

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore     When land is surrendered in exchange for TDR, the land itself becomes the cost of acquiring t...

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businesstoday.in /1 month ago

CBDT grants retrospective income tax exemption to BBNDA under Section 10(46)

The CBDT has granted the Baddi Barotiwala Nalagarh Development Authority (BBNDA) a retrospective income tax exemption under Section 10(46) of the Income-tax Act, 1961. The exemptio...

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timesofindia.indiatimes.com /6 days ago

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

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dailycivil.com /5 days ago

Renovating for Profit: Tax Benefits to Consider

Property renovations are a powerful way to increase a real estate asset’s value and income potential. For smart investors, the benefits go beyond just looks and rental rates, they...

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omanobserver.om /1 month ago

Who will calculate Oman’s income tax — and from whose data?

The Tax Authority set the RO 42,000 exemption threshold after examining income data collected from several government entities. In its announcement of the Personal Income Tax Law o...

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blog.saginfotech.com /4 weeks ago

Delhi ITAT Directs CIT(A) to Decide Whether CAM Charges Attract 2% TDS U/S 194C or 10% U/S 194-I

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in this case, has mentioned that the Commissioner of Income Tax (Appeals) [CIT(A)] should determine whether Tax Deducted at S...

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survivefrance.com /1 month ago

DPE exorbitant cost?

I suspect that there is very fixed price for this Diagnostic Technique . There are potentially a dozen or so reports and each is fixed prices possibly linked to the area of the b...

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blog.saginfotech.com

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dailycivil.com

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realty.economictimes.indiatimes.com

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thetaxtalk.com

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timesofindia.indiatimes.com

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businesstoday.in

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