Buying farm land to legitimise undisclosed funds? New Tax tribunal...

Dununu.com Dununu

Patrocinados

Buying farm land to legitimise undisclosed funds? New Tax tribunal ruling a big blow; here’s how these deals work

RSS Feed Business

Posted

62

Tax authorities are scrutinizing agricultural land transactions used to conceal unaccounted money. A recent ITAT verdict, addressing a tax evasion case, could disrupt this practice. The ITAT's interpretation of 'immovable assets' to include agricultural land may hinder money laundering through undervalued land purchases if endorsed by the High Court.

Read Full Article

Please log in to like, share and comment!

Asian stocks tick higher; oil slips on OPEC+ output hike concerns

Asian equities saw modest gains amid US tariff uncertainty and anticipated OPEC+ crude supply...

By 0 1

Harmeet recalls final conversation with ex-wife Shefali

The entertainment industry mourns the unexpected passing of Shefali Jariwala, famed for her...

By 0 11

PM Modi to embark on five-nation tour from July 2; will attend Brics Summit, visit key African and Caribbean nations

By 0 12

Rupandehi Constituency-3 by-election scheduled for November 3

KATHMANDU: The Election Commission (EC) has announced that the by-election for the vacant seat in...

By 0 19

FIFA, Centre team up to promote football in schools with 10 lakh ball distribution

By 0 21