The ITAT Mumbai ruled that a wife is eligible for a Rs 1.3 crore Section 54 LTCG tax exemption on a property sale, even though the new property was jointly purchased with her husband. This decision came after the tax department initially rejected her claim. However ITAT Mumbai said this is subject to the condition that the AO verifies her claim and makes sure there is no double claim.

RERA safeguards homebuyers against real estate developer malpractices, but its effectiveness hinges largely on buyer diligence. RERA may not favor the homebuyer in multiple situations arising from either the buyer’s actions, the builder’s actions, or those caused by government policies or events beyond anyone's control. Understanding these exceptions is crucial for informed decisions when investing in property. Read on to know more about instances where RERA might not grant compensation to distressed homebuyers so that you can be careful while buying real estate.

Starting May 1, 2025, Indian Railways will enforce stricter rules regarding waitlisted passengers. Those with unconfirmed tickets won't be allowed in Sleeper or AC coaches and may face fines. Passengers with fully waitlisted online tickets will receive automatic refunds, while those with offline tickets need to cancel them to claim refunds. Read below to know more.