Other Income Tax Article

Capital Gain

Capital gain exemption is allowable even if the construction started prior to earning of Long Term Capital Gain (LTCG) -- CA Naresh Jakhotia

Capital gain exemption is allowable even if the construction started prior to earning of Long Term Capital Gain (LTCG) — CA Naresh Jakhotia

Capital gain exemption is allowable even if the construction started prior to earning of Long Term...

No possession, No purchase deed: Still exemption against long term capital gain granted

No possession, No purchase deed: Still exemption against long term capital gain granted Where assessee sold...
AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset ignoring the amount of earlier structure purchased

AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset ignoring the amount of...

AO allows capital gain exemption on that part of construction expenditure which is  incurred after...
Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper

Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper

Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without...
Capital gain computation on sale of mortgaged property - whether amount paid towards debts repayment is deductible ?

Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?

Capital gain computation on sale of mortgaged property - whether amount paid towards debts repayment...

House Property

Section 54F is a beneficial provision and should be liberally interpreted

Section 54F is a beneficial provision and should be liberally interpreted

Section 54F is a beneficial provision and should be liberally interpreted An assessee who has purchased...
Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value ...
Interesting Ruling on Pure Agent

Interesting Ruling on Pure Agent

Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that...
Benefit of Long Term Capital Gain exemption for Two house properties

Benefit of Long Term Capital Gain exemption for Two house properties

With the passage of time, the requirements of the taxpayers also changes and as such...
www.Thetaxtalk.com

No exemption u/s 54B if new agricultural land was purchased prior to sale of old agriculture land

No exemption u/s 54B if new agricultural land was purchased prior to...

Salary

Other Source of Income

Black money received on sale of rural agricultural land is taxable...

Black money received on sale of rural agricultural land is taxable as "Income from Other Source"  Facts & observation in the case: Nature of receipt of...

Business Profession

Punjab State Development Tax Act, 2018 : 6 things to know

Punjab State Development Tax Act, 2018 : 6 things to know

The date of enactment of The Punjab State Development Act is 16th April, 2018. It...
All about Profession Tax

All about Profession Tax

profession tax INTRODUCTION: Even though GST is implemented, yet Maharashtra Profession Tax is not abolished. It...
refund fraud

Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys Employees

BY PTI ON 26/01/2018 Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys Employees Employees of over 50 prominent...

Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act

Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act Some...

Non filers may take the benefit of Income Disclosure Scheme-2016

Income Disclosure Query 1] If a person has not made any investments in LIC or in PPF,...

Assesment

Tax Planning

No additon towards higher share premium sustainable – valuation certificate prescribes...

No additon towards higher share premium  sustainable -  valuation certificate prescribes only minimum sum to be collected : Mumbai ITAT IT: Where AO made addition...