sikkim rail connectvity

Sikkim to get train connectivity for first time as 44.5-km Sivok-Rangpo project reaches 75% progress, to be completed by December 2027; railways fast-tracks Rs 9,000 crore Gangtok rail link as well

Indian Railways is working towards finishing the long-delayed Sivok-Rangpo railway project by December 2027. (Image for representative purpose only) Sikkim is moving closer to being on the railway map and now Indian Railways is stepping up efforts to bring Sikkim’s capital Gangtok onto the railway network by prioritising a proposed 34-km rail link between Rangpo…

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transfer of property

Man enters JDA for land, gets 6 flats from builder and transfers 5 to wife, but gets tax notice; ITAT Delhi deletes Rs 4.14 crore additions after finding no stock-in-trade conversion or sale

The second addition arose after the man transferred five of the six flats to his wife through sale deeds in 2020. (Image for representative purpose only) You enter into an agreement with a builder for your land and later transfer five flats from it to your wife. Is a capital gains tax applicable?In one such…

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1791238663 income tax notice

Woman declared Rs 67.4 lakh ancestral jewellery in her ITR which led to additions by tax department; ITAT Mumbai deleted it on basis of old records, but rejected her Rs 12 lakh HUF brokerage claim

On the jewellery issue, the ITAT found that the department’s reasoning involved too many assumptions. (Image for representative purpose only) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return. The tribunal deleted…

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Stock Market Today Live Updates: Markets end in green; Sensex gains 473 points, Nifty rises 134 points

The domestic equity market rebounded after the sharp fall in the previous session, with benchmark indices ending higher as softer US jobs data and easing crude prices improved investor sentiment. The Sensex gained 472.77 points, or 0.66 per cent, to finish at 72,382.47, while the Nifty advanced 133.80 points, or 0.60 per cent, to 22,555.75….

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