Thursday, July 23, 2026

Daily Informer

Stay Informed | Stay Ahead

Daily Informer

Stay Informed | Stay Ahead

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Income Tax Act

Bombay high court: Can’t deduct interest on housing loan from accident victim’s income when calculating payout for kin under Motor Vehicles Act | Mumbai News

Daily Informer05 mins

Bombay high court has held that while awarding compensation in accident cases under the Motor Vehicles Act, interest paid on a housing loan should not subtracted from the victim’s income to determine payout amount to kin Mumbai: Bombay high court recently held that while awarding compensation in accident cases under the Motor Vehicles (MV) Act,…

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Permanent Residence Certificates issued by tahsildar or above in Karnataka valid for SIR, says Election Commission | Bengaluru News

Daily Informer02 mins

Bengaluru: Karnataka govt will begin issuing Permanent Residence Certificates (PRCs) at nearly 7,000 centres, including Atalji Janasnehi Kendras and Bapuji Kendras, from July 21 (Tuesday).While it remains unclear whether PRC alone will be sufficient for enrolment in the electoral roll during the Special Intensive Revision (SIR), senior Election Commission of India (ECI) officials told TOI…

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ITAT: Transfer of redevelopment rights cannot be taxed as ‘other income’ | Mumbai News

Daily Informer02 mins

Mumbai: In a significant ruling for property owners participating in redevelopment projects, the Mumbai Income Tax Appellate Tribunal (ITAT) has held that consideration received for the transfer of development rights is taxable as ‘capital gains’ and not as ‘income from other sources’. The tribunal further held that where the statutory conditions are satisfied, the taxpayer…

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