Buying farm land to legitimise undisclosed funds? New Tax tribunal ruling a big blow; here’s how these deals work
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Tax authorities are scrutinizing agricultural land transactions used to conceal unaccounted money. A recent ITAT verdict, addressing a tax evasion case, could disrupt this practice. The ITAT's interpretation of 'immovable assets' to include agricultural land may hinder money laundering through undervalued land purchases if endorsed by the High Court. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
