Residential Status Under Scrutiny: ITAT Ruling on Founder Exit Sparks Debate on NRI Tax Rules
ITAT Bengaluru rejects non-resident claim of Flipkart co-founder Binny Bansal, clarifies Section 6 residency rules and DTAA limits.
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ITAT Bengaluru rejects non-resident claim of Flipkart co-founder Binny Bansal, clarifies Section 6 residency rules and DTAA limits.
ITAT Ahmedabad grants relief to NRI in ₹66.95 lakh property case, holding TDS payment valid despite no ITR filing and restoring matter for fresh adjudication.
Selling inherited property in India attracts capital gains tax, not inheritance tax. Supreme Court clarifies tax liability, exemptions under Sections 54 & 54EC, and rules for shar…
Delhi High Court rules that ignorance of Indian tax law is no excuse for late ITR filing. NRI Canadian citizen denied relief under Section 119(2)(b).
Bombay High Court rules that reinvesting proceeds from sale of an inherited property into multiple homes qualifies for Section 54 capital gains exemption.