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

For years, influential individuals have employed this scheme of purchasing agricultural property at understated values through cash payments. (AI image) Tax authorities are now scrutinising the often used practice of…

Continue ReadingBuying farm land to legitimise undisclosed funds? New Tax tribunal ruling a big blow; here’s how these deals work – Times of India

‘International education loans not a bar to tax relief for Tata fund’ – Times of India

MUMBAI: The Income-Tax Appellate Tribunal has recently held that grant of loan-scholarships by JN Tata Endowment for higher education of Indian students overseas will not debar it from income-tax (I-T)…

Continue Reading‘International education loans not a bar to tax relief for Tata fund’ – Times of India