The ITAT delivered a significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property was ₹60 lakh, while its stamp-duty value was ₹94.8 lakh, creating a gap of around ₹34.8 lakh.
Banking & Economics
3 views
Can one co-owner be taxed alone on property value and stamp duty difference? What ITAT says
The ITAT delivered a amp;nbsp;significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property was ₹60 lakh, while its…
Key Highlights
- The ITAT delivered a amp;nbsp;significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur.
- The actual consideration paid for the property was ₹60 lakh, while its…
- Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
The ITAT delivered a amp;nbsp;significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property.
Mint Verified Source
Syndicated via official news feed
Explore all Banking & Economics stories
Syndicated feed content with full publisher credit.
Banking & Economics Desk
More in Banking & Economics
Continue reading verified coverage and related developments on this desk.
More from Banking & Economics
Latest developments and reports from the desk
BANKING & ECONOMICS
An elderly San Francisco woman mailed checks to pay her bills; thieves altered them and took $14,000 from - The Times of India
An elderly San Francisco woman mailed checks to pay her bills; thieves altered them and took $14,000 from The Times of India An elderly San Francisco woman mailed checks to pay her bills; thieves altered them and took…
BANKING & ECONOMICS
World Bank projects 6.7 % growth for India, surpassing global growth of 2.7 % - News On AIR
World Bank projects 6.7 % growth for India, surpassing global growth of 2.7 % News On AIR World Bank projects 6.7 % growth for India, surpassing global growth of 2.7 % News On AIR
BANKING & ECONOMICS
Scoop: World Bank considers scrapping 45% climate finance target - Devex
Scoop: World Bank considers scrapping 45% climate finance target Devex Scoop: World Bank considers scrapping 45% climate finance target Devex