Dealing in shares- business income or capital gains?
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Dealing in shares- business income or capital gains? 1. Introduction: The Income Tax Act, 1961 classifies income under distinct heads…
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LEGAL OWNERSHIP ALONE DOES NOT DETERMINE TAXABILITY ON CAPITAL GAINS IF THE ASSESSEE LACKS BENEFICIAL OWNERSHIP.
LEGAL OWNERSHIP ALONE DOES NOT DETERMINE TAXABILITY ON CAPITAL GAINS IF THE ASSESSEE LACKS BENEFICIAL OWNERSHIP. Income Tax Appellate…
New Income Tax Bill – 2025: No Proposed Change in Capital Gains
New Income Tax Bill – 2025: No Proposed Change in Capital Gains The Bill retains the current tax rates for…
New Income Tax Bill 2025 : Exemption against Long-term Capital “Gain” & not against Long-Term Capital “Asset”
New Income Tax Bill 2025 : Exemption against Long-term Capital “Gain” & not against Long-Term Capital “Asset” While over viewing the…
Shares Income: Should it be classified as Business Income or Capital Gains?
Shares Income: Should it be classified as Business Income or Capital Gains? [Query 1] I remember reading in one…
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under…
Taxation of LTCG for non residents post amendments by Finance Act 2024:
Taxation of LTCG for non residents post amendments by Finance Act 2024: 1. Under the Finance Act 2024, significant…
Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification
Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification [Query 1] Kindly clarify the…
Merely because capital gains were not deposited in the capital gains account scheme, exemption U/S 54 cannot be denied, if other conditions are fulfilled: ITAT Delhi
Merely because capital gains were not deposited in the capital gains account scheme, exemption U/S 54 cannot be denied, if…
Advance tax is payable on capital gain Income also
Advance tax is payable on capital gain Income also [Query 1] As the share market is at an all…
Can I gift the property to my wife after claiming exemption from capital gain?
Can I gift the property to my wife after claiming exemption from capital gain? [Query 1] In the last issue…
Investment in the name of Family Members & Capital Gain Exemption
Investment in the name of Family Members & Capital Gain Exemption One of the most common tools for saving tax…
Interest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai
Interest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai M/s Grasim Industries Ltd; AY.2009-10 ITA…
Capital Gain Tax on Sale of Inherited property
Capital Gain Tax on Sale of Inherited property Query 1] If I sell my inherited house property, will I be…
Capital Gain exemption not claimed in the original ITR: Can it be claimed in the ITR filed in response to Notice U/s 148?
Capital Gain exemption not claimed in the original ITR: Can it be claimed in the ITR filed in response to…
Investment in One property can be adjusted against Capital gains on sale of multiple properties
Investment in One property can be adjusted against Capital gains on sale of multiple properties Case Detail: Muthu Daniel…
Capital Gain Exemption: What if the transaction is not completed within the specified time period
Capital Gain Exemption: What if the transaction is not completed within the specified time period Any capital gain arising…
Even if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai
Even if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai…
