NEW DELHI MUNICIPAL COUNCIL NDMC PROPERTY TAX
Buying property costing between Rs 20 lakh and Rs 45 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 the specified value, opening bank accounts, and making certain cash payments. The revamped forms aim to simplify compliance, with reduced reporting expected for these declarations.
Local leader digs up cricket pitch in Maharashtra’s Jalgaon with tractor after not being invited; viral video sparks outrage
A cricket final in Maharashtra's Jalgaon district descended into chaos when a local politician allegedly drove a tractor onto the pitch, destroying it. The politician, reportedly upset over not receiving an invitation to the MLA Trophy final, vandalized the playing surface. The match was called off due to unsafe conditions, and police intervened.
Even the dead must make way as construction transforms Afghanistan's capital
Kabul is undergoing a massive transformation as the Taliban government revives old plans to widen roads. Homes, businesses, and even a graveyard are being demolished to make way for modern infrastructure. This extensive project aims to ease traffic congestion in the capital. Property owners are compensated, and new jobs are being created through the construction work.
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.
West Bengal elections: Income Tax Dept raids premises linked to TMC Candidate, Banerjee's proposer
West Bengal Assembly Elections: Income-Tax Department officials raided the residence of Miraj Shah, who proposed Mamata Banerjee's name for nominations. Raids also targeted Trinamool Congress MLA Debasish Kumar, his relative's house, and party offices. These actions are linked to an alleged illegal land grabbing case. Simultaneously, the Enforcement Directorate is conducting searches related to the Merlin Group.
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IT Dept conducts raid at TMC MLA Debasish Kumar’s residence & offices; ED searches premises of 3 officials
The Income Tax Department conducted extensive raids at the residence, election office, and relative's house of Trinamool Congress MLA Debasish Kumar in connection with an illegal land grabbing case. Simultaneously, the Enforcement Directorate is searching premises of three businessmen in Kolkata and North 24 Parganas districts as part of its Merlin Group investigation.
I-T searches at TMC MLA Debasish Kumar's properties in Kolkata ahead of polls
The Income Tax Department searched two locations linked to TMC MLA Debasish Kumar. The searches occurred at his residence and election office. Kumar is contesting the Rashbehari seat. The Enforcement Directorate had previously summoned him regarding a land fraud case. Polling for Rashbehari is on April 29. Central forces were deployed at his residence.
Civic bodies turn to bond market after budget incentive
In a strategic move towards urban development, Indian cities are set to tap into the debt market for funding. Key players like the Bombay Municipal Corporation and Ahmedabad Municipal Corporation are on board to secure substantial financial resources. Meanwhile, smaller municipalities are not sitting on the sidelines and are poised to launch their own bonds.
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.
Census 2027: Self-enumeration starts in Gurgaon, Chandigarh, Faridabad; Here's how to register via se.census.gov.in and finish the process online
The self-enumeration phase of Census 2027 house listing begins today (April 16) in Haryana (including Gurgaon and Faridabad), Chandigarh, Madhya Pradesh, Andhra Pradesh, Arunachal Pradesh and Chhattisgarh. Residents can submit household details online till April 30. Door-to-door verification will follow from May 1 to May 30.
AMC seeks to go first with Rs 1,000-cr bond issue
An AMC plans to be the first mover with a ₹1,000 crore bond issue, seeking to leverage strong liquidity conditions and early investor interest in the debt market.
You'll be wrong to say bye to Dubai
Despite a recent 14% decline in Dubai's real estate transactions due to regional conflict, the city's status as a resilient global financial hub remains intact. Dubai's strategic advantages and past crisis management suggest a future stabilization, with potential buying opportunities arising from market corrections and renewed expat interest if peace prevails.
Noida protests: UP govt approves revised minimum wages across categories
Following violent Noida protests by factory workers demanding a wage hike, the Uttar Pradesh government approved a minimum wage increase for various worker categories. Unskilled workers will now earn Rs 13,690 monthly, semi-skilled Rs 15,059, and skilled Rs 16,868 in the Noida-Ghaziabad region.
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.
Women's reservation idea a century old, says Modi
Narendra Modi urged swift implementation of the Nari Shakti Vandan Adhiniyam, calling it a long-considered reform with historical roots and stressing that further delay would be unjust. In an open letter to women ahead of a constitutional amendment in Parliament, he called for consensus across parties to ensure 33% reservation for women in legislatures is implemented fully by the 2029 elections.
2026 Property Tax Deadlines: What every US homeowner needs to know - Check how to file a protest to challenge appraisal
The 2026 property tax season is crucial for US homeowners, especially in Texas, to review valuations and meet strict protest deadlines. Most must file by May 15 or within 30 days of receiving their notice. Appraisal districts determine property values, while separate authorities set tax rates. Homeowners can challenge assessments by filing a Notice of Protest, submitting evidence, and attending hearings, potentially reducing their tax burden through a successful appeal.
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.
Buying agricultural land near a city? Key income tax rules you must know
An ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that official revenue records, actual cultivation, and lack of formal conversion are key factors. This decision protects buyers from tax additions based solely on higher urban land stamp duty rates.
Census 2027: Self-enumeration facility availed by 5.72 lakh households so far in first phase
More than 5.72 lakh households have embraced digital self-enumeration for Census 2027. This initiative allows citizens to provide details online, a faster and convenient method. The self-enumeration facility is available in select states and Union Territories. The Census 2027, a massive exercise, has begun with a 15-day digital window.
2.22 lakh appeals disposed of during last fiscal: CBDT chairman
Last fiscal year, the Income Tax Department successfully resolved an impressive 222,000 appeals, showcasing a remarkable 29% growth in efficiency. This success underlines their dedication to minimizing taxpayer disputes. Additionally, they handled a plethora of complaints and applications, resulting in a significant decrease in pending tax demands.
Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained income
A Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim of withdrawing funds for a property deal. The court found his explanation lacked evidence and defied normal business conduct. The businessman's appeal was dismissed, upholding the tax department's action.
Delhi property ownership gets easier: Govt, not DDA, to issue conveyance deeds; How residents can apply & what it means for you
The Indian government has relaxed rules under the PM-UDAY scheme for regularising properties in Delhi’s unauthorised colonies, now allowing them to be approved on an “as is where is” basis without the need for layout plans. The move is aimed at benefiting over 10 lakh families by speeding up the issuance of ownership documents and providing greater legal security.
No jail for honking or smoking in metro: How Jan Vishwas Bill 2026 ends imprisonment for everyday violations
The Jan Vishwas Bill has been passed by the Lok Sabha. This legislation aims to decriminalize minor offenses across many central laws. It replaces jail terms for small regulatory lapses with fines and warnings. This move promotes ease of doing business and living for citizens and businesses. The bill ensures a graded enforcement approach.
Parliament nod to Jan Vishwas (Amendment of Provisions) Bill
Jan Vishwas (Amendment of Provisions) Bill: Replying to the discussion on the Bill, commerce and industry minister Piyush Goyal said that it will help in the ease of doing business and ease of living by decriminalising minor offences, and help citizens and MSMEs.
Census 2027 begins with digital self-enumeration in phase I
India's Census 2027 has commenced with Phase I, the Houselisting and Housing Census. This significant undertaking introduces digital data capture and a self-enumeration option for citizens. President Murmu, Vice-President Radhakrishnan, and Prime Minister Modi have initiated the process. The self-enumeration facility is now active in eight States and Union Territories, with many households already participating.
West Bengal has not yet issued notification for conducting Census: RGI Narayan
West Bengal has not yet issued its notification for the Census. The Registrar General of India has raised this issue with the state. The first phase of the Census, houselisting and housing census, has a deadline of September 30. This exercise is legally mandated and conducted in collaboration with state governments.
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