Joint owner not liable to pay Tax if no amount paid from his/her account for purchase of property

The Mumbai Income Tax Appellate Tribunal has ruled that Joint owners of properties by mere name cannot be held liable for Tax liabilities if the purchase of the property was not financed by him/her. Many people/couples purchase flats/properties in Joint names for convenience and security sake, but the money is paid entirely by one of…

Ward officers to be responsible for illegal constructions in Navi Mumbai

The NMMC Commissioner,Mr.Bhaskar Wankhede has ratified a proposal to hold the ward officers responsible for illegal constructions in their respective wards.This change was notified via a gazette around 8 days ago. It was noticed that despite complaints,the illegal constructions continued as the ward officers failed to followup on the notices served.Henceforth,all complaints about illegal constructions…

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