Capital GainIncome TaxShares Income: Should it be classified as Business Income or Capital Gains?21 Oct at 1:50 am0Shares Income: Should it be classified as Business Income or Capital Gains? [Query 1] I remember reading in one…
Capital GainIncome TaxLong Term Capital Loss ย 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 ITAT27 Sep at 3:37 am0Long Term Capital Loss ย from off market sale cannot be offset against other capital gains if it is not under…
Capital GainIncome TaxTaxation of LTCG for non residents post amendments by Finance Act 2024:2 Sep at 6:05 am0Taxation of LTCG for non residents post amendments by Finance Act 2024: 1.ย Under the Finance Act 2024, significant…
Capital GainIncome TaxLimit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification8 Apr at 5:58 am0Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification ย [Query 1] Kindly clarify the…
Capital GainIncome TaxMerely 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 Delhi20 Dec 20230Merely because capital gains were not deposited in the capital gains account scheme, exemption U/S 54 cannot be denied, if…
Capital GainIncome TaxAdvance tax is payable on capital gain Income also11 Dec 20230Advance tax is payable on capital gain Income also [Query 1] As the share market is at an all…
Capital GainIncome TaxCan I gift the property to my wife after claiming exemption from capital gain?6 Nov 20230Can I gift the property to my wife after claiming exemption from capital gain? [Query 1] In the last issue…
Capital GainIncome TaxInvestment in the name of Family Members & Capital Gain Exemption30 Oct 20230Investment in the name of Family Members & Capital Gain Exemption One of the most common tools for saving tax…
Capital GainInterest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai21 Jun 20230Interest subsidy received under technology upgradation fund is a capital receipt: ITAT Mumbai M/s Grasim Industries Ltd; AY.2009-10 ITA…
Capital GainCapital Gain Tax on Sale of Inherited property21 Jun 20230Capital Gain Tax on Sale of Inherited property Query 1] If I sell my inherited house property, will I be…
Capital GainIncome TaxCapital Gain exemption not claimed in the original ITR: Can it be claimed in the ITR filed in response to Notice U/s 148?6 Jun 20230Capital Gain exemption not claimed in the original ITR: Can it be claimed in the ITR filed in response to…
Capital GainIncome TaxInvestment in One property can be adjusted against Capital gains on sale of multiple properties17 Apr 20230Investment in One property can be adjusted against Capital gains on sale of multiple properties Case Detail: Muthu Daniel…
Capital GainIncome TaxCapital Gain Exemption: What if the transaction is not completed within the specified time period17 Apr 20230Capital Gain Exemption: What if the transaction is not completed within the specified time period Any capital gain arising…
Capital GainIncome TaxEven if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai1 Apr 20230Even if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai…
Capital GainIncome TaxDebt Mutual Funds & Taxation wef 1st April 2023:29 Mar 20230Debt Mutual Funds & Taxation wef 1st April 2023: The new debt mutual fund taxation is effective from 1st April…
Capital GainIncome TaxReasons Recorded For Reopening The Reassessment To Be Examined On Standalone Basis To Determine The Validity Of Proceedings Us 147 ITAT27 Mar 20230Reasons Recorded For Reopening The Reassessment To Be Examined On Standalone Basis To Determine The Validity Of Proceedings Us 147…
Capital GainIncome TaxIncome reflected in 26AS after I filed my Income Tax Return – How to rectify it now?20 Mar 20230Income reflected in 26AS after I filed my Income Tax Return – How to rectify it now? ย Query]…
Capital GainIncome TaxTax evasion in Penny Stocks: C&AG Report in public domain suggesting that the hype could not generate the revenue it had hoped4 Mar 20230Tax evasion in Penny Stocks: C&AG Report in public domain suggesting that the hype could not generate the revenue it…