News and Updates Team No GST on Slump Sale Transactions: Bombay High Court Ruling
Bombay High Court rules no GST on slump sale transactions. Case reaffirms business transfer as going concern, avoiding individual asset VAT. Bombay High Court Confirms No GST on Slump Sale…
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…
Government Likely to Impose 30% Tax on F&O Trading
The Indian government is reported to be considering a 30% tax on Futures & Options trading, classifying it as speculative income. Retail traders express concerns online. Government’s Likely Plan to…
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…
Key Focus Areas in Nirmala Sitharaman’s Historic 7th Budget
Finance Minister Nirmala Sitharaman’s seventh budget will spotlight housing, taxation, green energy, and job creation. Key reforms anticipated in July 2024. Housing Sector: A Push for Affordable Living As Finance…
CII Projects 8% Growth for Indian Economy in FY25
CII president Sanjiv Puri forecasts 8% economic growth for India in FY25, citing policy reforms and improved consumption, while advocating GST inclusion and land reform. CII Predicts Robust 8% Economic…
Real Estate Sector Urges Modi 3.0 for Tax Reforms and Reduced Approval Costs
As Modi starts his third term, the real estate industry seeks tax rationalization and lower approval costs to boost growth and streamline processes. Real Estate Industry Seeks Support from Modi…
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…
Shahid Kapoor and Mira Rajput’s New Sea-Facing Apartment in Mumbai
Shahid Kapoor and Mira Rajput purchase a second sea-facing apartment in Mumbai for Rs 59 crore, marking another investment in luxury real estate. New High-End Acquisition Bollywood actor Shahid Kapoor…
Sharp Decline in Indian Household Savings Puts Government Economic Strategies Under Scrutiny
Indian household savings hit a six-year low in FY23, raising concerns about government policies as it relies on these savings for economic growth. Significant Decline in Household Savings In fiscal…