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Services for NRI Ltd

Mumbai redevelopment: Should you sell your apartment to the developer or wait it out through the entire process?

Mumbai real estate: Redevelopment often leaves homeowners grappling with a key question: should they sell their old apartment to the developer early, or hold? https://www.hindustantimes.com/real-estate/real-estate-guide/mumbai-redevelopment-should-you-sell-your-apartment-to-the-developer-or-wait-it-out-through-the-entire-process-101777051249701.html

Tax benefit claimed for reinvestment allowed during reassessment: ITAT

A taxpayer can claim capital gains exemption for a new house even without filing an original tax return. The Mumbai ITAT ruled that such claims are valid if made during reassessment proceedings. This decision supports taxpayers by preventing procedural errors from blocking legitimate tax benefits. The case involved a taxpayer who reinvested capital gains in …

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