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1961

Income tax department notices to 400 farmers in south Gujarat

Income tax department notices to 400 farmers in south Gujarat
The IT department has turned red eye on the farmers and the real estate developers in Surat and other parts of south Gujarat region. In last two days, the department has issued notices to nearly 400 farmers and real estate developers asking them to submit issued amount on the sale of agriculture land within two [...] Continue Reading »

Plans to expedite land acquisition

Plans to expedite land acquisition
The Karnataka State Cabinet recently took a decision to amend relevant Sections of Karnataka Land Revenue Act, 1964, and Karnataka Land Reforms Act, 1961, for the purpose. As per the sources the government suggested to take up the process of granting permission to purchase agricultural land by industrialists and simultaneously clearing land conversion applications to lessen [...] Continue Reading »

Land rules for industry relaxed

Land rules for industry relaxed
The Karnataka cabinet chaired by chief minister Siddaramaiah recently gave the nod to simplify procedures related to land allotment in the state. The decision is expected to have far-reaching consequences on industries. With the cabinet to amend Karnataka Land Reforms Act, 1961, and Karnataka Land Revenue Act, 1964, this would pave the way for elimination of [...] Continue Reading »

I-T raids disclose hidden income worth 18 cr

I-T raids disclose hidden income worth 18 cr
Three realtors of Surat have been caught with Rs 18.50 crore as undisclosed income to the income tax (I-T) department on Thursday. I-T officials had conducted a search and survey operation under the Income Tax Act, 1961 on few realtors in Varachha and Mota Varachha areas in Surat on Tuesday. About 45 places in the [...] Continue Reading »



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