Other Income Tax Article

Capital Gain

Capital Gain computation: Whether indexation benefit is available from the date of payment or from the date of purchase deed?

Capital Gain computation: Whether indexation benefit isavailable from the date of payment or from the date of purchase deed?

Capital Gain computation: Whether indexation benefit is available from the date of payment or from...
Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp duty valuation under section 50C

Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp duty valuation under section...

Interesting issues : Capital Gain exemption under section 54F is available on the basis of...
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...

House Property

Property used by the Assessee for the purpose of its business cannot be considered to be a vacant property as per section 23

Property used by the Assessee for the purpose of its business cannot be considered to...
Income from let out of 'premises only' is taxable under the head 'Income from House Property'

Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’

Income from let out of 'premises only' is taxable under the head 'Income from House...
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...

Salary

Other Source of Income

Income from Business or Other Source of Fund is generated from...

Income from Business or Other Source of Fund is generated from business & sourced to FDRs Short Overview: Although funds generated from business were sourced to...

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

Whether Co-owners of Property receiving rental income can be treated as...

Whether Co-owners of Property receiving rental income can be treated as AOP? Conclusions : Co-owners having definite and ascertainable share will be treated seperately under GST...

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...