Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by more than the greater of Rs 50,000 or 10% of the consideration. Here, the difference of approximately Rs 22.71 lakh exce...

Taiwan is gearing up to strengthen its aerial defenses with the arrival of its first two F-16V fighter jets, marking a significant step in a broader U.S. agreement for 66 aircraft worth roughly $8 billion. These upgraded jets will come equipped with cutting-edge avionics and radar systems, expanding...

Ford's CEO Jim Farley emphasized that artificial intelligence will complement skilled trades workers, assuring that roles requiring hands-on skills and practical judgment are safe despite AI advancements. He pointed out that fostering trust is crucial for the successful collaboration between workers...

Four traffic cops in Silchar were suspended for briefly halting an ambulance to clear a path for CM Himanta Biswa Sarma. The incident occurred while attempting to transport a critically ill patient to the hospital. Sarma later apologized to the family and stated that emergency medical care should ta...

'Six others are based abroad'

Pakistan's terror support key factor for India

Pulls up officials as over 23K cr remains unrecovered across India

During the operation, officials discovered Rs 1.12 crore in Indian currency and foreign currency worth Rs 4.34 lakh. The man was subsequently taken in for questioning by the tax authorities. Despite the investigation team's acceptance of the explanation, the AO treated both the Indian cash and forei...

In a generous act of support, Stephen King and Tabitha King donated $120,000 to a heating fundraiser aimed at aiding Maine families. This initiative, which garnered a total of $241,820, emerged in response to concerns regarding reduced federal assistance. Many households face the chilling threat of ...