Knowledge Articles
LAW
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.
LAW
Mahapanchayat Warns to Boycott Election Over Neglect of Rural Areas
Delhi and Haryana villagers at Mahapanchayat warn of boycotting elections unless rural issues such as land rights, infrastructure, and ownership concerns are addressed.
LAW
Mumbai ITAT Rules in Favor of Homeowners: No Income Tax on Redeveloped Flats
edeveloped Flats Not Taxable Under Section 56, Rules ITAT In a significant ruling, the Mumbai Income Tax Appellate Tribunal (ITAT) has stated that homeowners receiving new flats in exchange for old ones under redevelopment agreements are not required to pay income tax under Section 56 of the Income Tax Act. This decision offers major relief to property owners involved in housing society redevelopment projects.
