FOREIGN PROPERTY PURCHASE SWITZERLAND
Buying property above Rs 20 lakh without a PAN? You must use new Form 97, says Income Tax Department
The Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transactions. This includes buying property above Rs 45 lakh, opening bank accounts, and making certain cash payments. The revamped forms aim to simplify compliance, with reduced reporting expected for these declarations.
Guwahati court denies non-bailable arrest warrant against Congress leader Pawan Khera
The order was passed by the Chief Judicial Magistrate (CJM), Kamrup Metro, on April 7, a day before Khera applied for anticipatory bail before the Telangana High Court.
He earns Rs 20 LPA, but father wants new house worth Rs 1.6 crore. 30-year-old stuck in loan vs savings dilemma seeks advice
A 30-year-old man earning Rs 20 lakh per year shared his dilemma online after his father planned to buy a Rs 1.6 crore house ahead of retirement. While the father will receive around Rs 1 crore in retirement benefits and a monthly pension, the deal requires arranging a large upfront amount, leaving a Rs 60 lakh gap. The father plans to use Rs 30 lakh from savings and has asked his son to take a Rs 30 lakh personal loan.
Govt officer fails to find property file despite man’s year-long visits; He finally does this to 'fix memory issue'. Netizens say 'great job'
A man from Chhattisgarh went viral after staging a symbolic protest at the Tifra Housing Board office over a missing property mutation file, which had reportedly remained unresolved for over a year despite repeated visits. Frustrated by the delay in transferring ownership of his EWS flat purchased through resale, he threw almonds on an official’s desk as a gesture highlighting alleged poor memory and inefficiency in handling public records.
Akshaya Tritiya 2026: 5+ lucky things to buy to attract wealth and success
Akshaya Tritiya 2026 is considered one of the most auspicious days for making meaningful purchases that symbolise prosperity and long-term growth. Celebrated on 19 April, the day is believed to bring lasting success, as anything acquired is thought to multiply and never diminish. Popular items to buy include gold and silver for wealth, kitchen utensils for nourishment, sacred grains for growth, earthen pots for stability, property for security and vehicles for progress. With favourable muhurat timings throughout the day and into the early hours of 20 April, this occasion offers an ideal opportunity to combine tradition with thoughtful investments that represent abundance, stability and future success.
Hidden risks in mortgaged properties: Essential due diligence steps for safe buying
A Supreme Court ruling in 2025 favored a land buyer who was defrauded by a seller concealing an existing mortgage. The court affirmed that buyers are entitled to a full refund of their deposit when sellers fraudulently hide property encumbrances. This case underscores the importance of thorough due diligence for property buyers.
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Capital gains from property sale? How to balance tax saving with long-term wealth creation
Investors selling property face a choice: reinvest for tax savings or maximize long-term wealth. Financial expert Shweta Jain advises a balanced approach for a 10-year horizon, suggesting a mix of high-growth equities and stable instruments. While reinvesting in property offers tax benefits, it limits liquidity. Diversification is key for optimal returns and financial flexibility.
Share buybacks not ‘income’, can’t face I-T levy: Delhi High Court
The Delhi High Court ruled that companies buying back shares below fair market value do not incur taxable income. The court distinguished share buybacks as capital reduction, not asset acquisition. This decision offers significant relief to companies, potentially lowering the cost of share repurchases and clarifying tax implications for such corporate restructurings.
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled it
An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal, Chennai, has now cancelled this penalty. The tribunal ruled that the omission was accidental and bona fide, especially as it was the first year of the reporting requirement.
Digital gold offers on Akshaya Tritiya 2026: Check offers on Paytm, PhonePe, JioFinance; how to buy gold from home
Akshaya Tritiya 202: Akshaya Tritiya on April 19, 2026, sees a surge in digital gold purchases. Platforms like PhonePe, JioFinance, and Paytm offer convenient ways to invest in 24K gold, bypassing crowded stores and storage concerns. These apps allow easy buying, selling, and even physical gold delivery options.
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is set to expire soon.
SC declines relief to Congress leader Pawan Khera, asks him to seek bail in Assam
The Supreme Court has declined to grant protection to Congress leader Pawan Khera. He sought this protection until April 20 regarding allegations against Assam Chief Minister Himanta Biswa Sarma's wife. The top court directed Khera to approach the Assam court for anticipatory bail. The case stems from Khera's press conference on April 5.
Mumbai’s skyline is soaring. So is the pressure on housing
Mumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu Virmale negotiate for modern housing. Developers are redeveloping slums, promising new apartments but raising concerns about displacement and the loss of community. This transformation is reshaping the city's skyline and its social fabric.
'I need a place I can call home': Bengaluru woman, 31, earning Rs 2.6 lakhs per month, wonders if she can afford Rs 2.3 crore home
A Bengaluru woman's query about affording a 2.3 crore home highlights a common dilemma for high earners. Despite a strong income and savings, job security fears and the desire for a personal space create uncertainty. Online reactions are divided, with some advising caution and others encouraging the purchase for future financial growth.
US officials tell European countries to expect weapons delivery delays, sources say
U.S. has warned European allies that some contracted arms deliveries may be delayed as the Iran war strains weapons stockpiles. Several countries, including in the Baltic and Scandinavian regions, could be affected under pending FMS orders.
Property partition after owner’s death: A guide for legal heirs to divide assets
Partition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into individual shares. Now you can either do partition of the family property amicably via a registered partition deed or through a civil court by filing a partition case if property disputes arise, resulting in each heir getting a defined portion.
Global Market Updates | Japan stocks draw record foreign inflows on optimism over US-Iran resolution
Record foreign inflows into Japan’s markets highlight renewed investor confidence, driven by easing geopolitical tensions and hopes of a US-Iran resolution lifting global sentiment.
Switzerland plans stricter rules for real estate purchases by foreigners
Switzerland plans to restrict foreign property purchases. New rules will require permits for non-EU/EFTA citizens buying main residences. These homes must be sold if they leave the country. Commercial property for rent or investment will also be barred for such nationals. Holiday home purchases face tighter quotas and resale rules. These changes address housing shortages and population growth concerns.
Rs 40,300 in India = Rs 3 lakh in Switzerland? Viral G20 nations income chart sparks heated debate
India's living cost equal to Switzerland: A social media post comparing living costs in G20 nations has ignited online discussion. The post suggests India's ₹40,300 monthly income can match Switzerland's over ₹3 lakh. Supporters cite purchasing power for essentials. Critics highlight differences in public services and quality of life.
SC stays Telangana HC order granting one-week transit anticipatory bail to Pawan Khera
The Supreme Court of India stayed a Telangana High Court order granting Congress leader Pawan Khera one-week transit anticipatory bail in a case linked to allegations against Assam CM Himanta Biswa Sarma’s wife.
Property tax overhaul in NDMC: What the new Unit Area System means for you
The New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictability for property owners. The old rateable value method, which was subjective, is being replaced. Homeowners can now understand and verify their tax liabilities more easily.
Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigate
Property ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyers face risks from historical discrepancies and competing claims, locking capital and stalling income. Proactive legal due diligence, careful transaction structuring, and understanding tenant rights are crucial for navigating these complexities and protecting valuable assets.
New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statement
The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form simplifies TDS filing for various transactions including rent, property purchase, professional payments, and virtual digital asset transfers. It aims to enhance clarity and reduce duplication in reporting.
EAC-PM Working Paper suggests SVAMITVA-like scheme for urban India
In a working paper titled Unlocking Rural Property Rights: Social Inclusion and Credit Expansion through SVAMITVA, co-authored by Soumya Kanti Ghosh and Pulak Ghosh, part-time member of EAC-PM and Falguni Sinha, economist at ERD, SBI, it said the scheme will help to integrate scattered land records across states.
Think your luxury house is an asset? CA warns and calls it a 'subscription fee to live'
A chartered accountant challenges the notion that expensive homes are wealth-building assets. He argues that high recurring costs and significant opportunity costs, estimated at ₹1.75 crore annually for a ₹15 crore property, transform luxury homes into costly lifestyle choices. True wealth, he asserts, stems from income-generating assets, not those that merely consume capital.
Rice export rules relaxed for select European countries
India has eased rice export rules for many European nations. An inspection certificate from EIC/EIAs is now only required for exports to the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland. Other European countries are exempt for six months. New rules also align feather and skin export policies with EU and UK regulations.
DGFT rolls out procedure for allocation of calcined coke
The Directorate General of Foreign Trade has released new rules for importing calcined petroleum coke for aluminium production. Applications are now open for allocations for the 2026-27 period. Additionally, a certificate of inspection for rice exports is now only required for specific European countries. Exports to other European nations are exempt for six months.
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