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Revenue rejects Sonu Nigam’s melodious tax planning

June 11, 2019[2019] 106 45 (Article)
Recently, Sonu Nigam, the famous Bollywood singer, witnessed three of his buildings being sucked into the vortex of block of assets. One building was slapped with short-term capital gains tax. The income from second was removed from block income saying that it was income from house property. And the third, his residence, was shunted out of block for being a self-occupied property.
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