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Legal● Neutral for Indian equities
Inherited family gold? How to prove ownership and source of jewellery to Income Tax Department
The brief
- Kolkata ITAT ruled for a taxpayer in a case involving claims of inherited jewellery
- The ruling may inform tax disputes involving Indian jewellers and gold-loan businesses
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends audit-report deadline to October 21 and ITR deadline to November 21
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- Tax audit deadline for AY 2026-27 is September 30, 2026
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1