Sumitomo Buys Bombay Dyeing’s 2-acre in Mumbai for Rs 440 crore
News and Updates Team Japan’s Sumitomo Corporation acquires a 2-acre land parcel in Mumbai’s Worli area from Bombay Dyeing for Rs 4.4 billion, marking the next phase of a larger deal. Sumitomo Buys Prime…
Stamp Duty
Kangana Ranaut Acquires New Office Space in Mumbai
Bollywood star Kangana Ranaut buys a new office in Mumbai for Rs 1.56 crore, marking a fresh start after the 2020 demolition controversy. New Office Space in Andheri (West) Bollywood…
Paytm Clarifies SEBI’s Show-Cause Notice Amid Allegations
Paytm addresses SEBI’s show-cause notice regarding IPO misrepresentations and CEO classification, amid ongoing regulatory scrutiny. SEBI Show-Cause Notice to Paytm Paytm, under the leadership of Vijay Shekhar Sharma and its…
Maharashtra: Reduced Penalties on Deficit Stamp Duty for Registered Instruments
Maharashtra’s Tax Laws (Amendment) Act 2024 reduces penalties on deficit stamp duty for registered instruments upon impounding, easing financial burdens for individuals and businesses. Introduction to the Amendment Act On…
Geo-Tagged Photos to Prevent Stamp Fraud in Property Registry
Uttar Pradesh’s Stamp and Registration Department introduces geo-tagged photos and new software to prevent property registration fraud and stamp theft. New Software to Combat Stamp Theft in Property Registrations The…
UP Eases Ancestral Property Division with New Stamp Duty Rule
Uttar Pradesh reduces stamp duty for ancestral property division to Rs 5000, aiming to ease disputes and simplify settlements for families. Simplified Ancestral Property Division: New Stamp Duty Rule in…
West Bengal Increases Excise Duty to Fund Social Schemes
West Bengal raises excise duty on beer and liquor to fund social welfare schemes, targeting over Rs 20,000 crore in revenue. Excise Duty Increase on Alcohol The West Bengal government…
West Bengal Ends Stamp Duty and Circle Rate Relief for Buyers
West Bengal withdraws 2% stamp duty cut and 10% circle rate reduction from July 1, 2024. Experts weigh in on the impact and future implications. West Bengal Ends Temporary Real…
Court Investigates Rs 100 Crore Stamp Duty Evasion Case
Gorakhpur’s ADM FR court probes Rs 100 crore stamp duty evasion involving a power of attorney. Court Issues Notices in Major Stamp Duty Evasion Case In Gorakhpur, a significant stamp…
Allahabad HC Rules Stamp Duty Exempt for Equitable Mortgage Without Written Instrument
Allahabad HC rules no stamp duty is needed for equitable mortgages by deposit of title deeds without a written agreement, benefiting HDFC in a landmark judgment. High Court Exempts Stamp…