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₹14.69 crore jewellery found in tax search: When can inherited gold escape tax scrutiny?
The brief
- Kolkata ITAT upheld deletion of a ₹1.56 crore tax addition
- The addition concerned 3,233 grams of jewellery found in family bank lockers during an Income Tax search
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1
- Buyers of property from non-residents can use PAN and Form 141 for TDS