The Tribunal held that rural agricultural land excluded from capital asset under Section 2(14) cannot be taxed under Section 56(2)(vii)(b). Addition based on stamp duty valuation was therefore deleted ...

To claim exemption from capital gains tax under Section 54B of the Income tax Act, 1961, the new agricultural land must be purchased in the name of the same Assessee who has sold the original land ...

Agricultural producers have until March 2, 2026, to file their 2025 income tax returns without penalty if they have not made ...

A man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax exemption under Section 54B. The Income Tax Appellate Tribunal ...

What lies in store for India’s middle class in the Union Budget? From potential changes in income tax slabs to standard ...

Governor Mike Kehoe’s plan to eliminate Missouri’s personal income tax is exactly the kind of leadership southwest Missouri expects and deserves.

I’ve slogged through freeholds, stratas, leaseholds, co-ops, co-ownership tangles, life estates and two week’s ago, fractional and resort ownership.

More Colorado ranches and farms could see property tax cuts under a bill being advanced by the state legislature. Senate Bill ...

If the government compulsorily acquires your land and provides you with compensation, that compensation will not be subject to income tax. This exemption applies to acquisitions made under the Right ...

Blaine Halverson joked that his only exposure to data centers was from the Mission Impossible movies in the 1990s. That was, until one came to his town. Over the last seven months, Halverson’s ...

The Union Budget 2026 has introduced a series of measures that will directly impact India’s income tax payers, tightening ...

By now, most people have heard of basic income in its various forms and meanings. However, there has been little analysis of ...