Discover how the recent ITAT Mumbai ruling protects redevelopment flat owners from unfair taxation under 'Income from Other Sources'

Section 80CCF allows taxpayers to invest in infrastructure bonds and deduct their investment. Taxpayers can save a lot and build infrastructure by knowing this clause.

Finance Budget 2024 suggested lowering property long-term capital gains (LTCG) tax from 20% to 12.5% and eliminating indexation. This shift affects real estate investors greatly. Ghar highlights key points:

The Income-Tax Appellate Tribunal (ITAT) Mumbai tribunal ruled recently that rental recompense received from a contractor as a result of redevelopment is not taxable in the hands of the erstwhile unit proprietor.