BudgetCapital GainIncome TaxRs. 10 Cr ceiling proposed for capital gain exemption in Union Budget – 2023: An overview27 Feb 20230Rs. 10 Cr ceiling proposed for capital gain exemption in Union Budget – 2023: An overview “I propose…
Capital GainIncome TaxTDSTaxation & TDS provision on Sale of Agricultural land: 16 Feb 20230Taxation & TDS provision on Sale of Agricultural land: Normally, all income & gain arising on sale of property…
Capital GainIncome TaxMerely because some shares were rigged, it does not imply that the capital gains claim of assessee is bogus: ITAT16 Feb 20230Merely because some shares were rigged, it does not imply that the capital gains claim of assessee is bogus: ITAT…
BudgetCapital GainUnion Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr7 Feb 20230Union Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr Limiting the roll over…
BudgetCapital GainUnion Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property7 Feb 20230Union Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a…
Capital GainIncome TaxNo kitchen-Whether property can be considered as house property?31 Jan 20230No kitchen-Whether property can be considered as house property? In this case, Assessee argued that the impunged property is…
Capital GainIncome TaxOther Source Of IncomeSection 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend income should be earned by a co-operative society from another cooperative society is eligible for deduction U/s 80P30 Jan 20230Section 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend…
Capital GainCapital Gain Exemption: Section 54F The fact that income is assessable under the Head “House Property” is not determinative of the nature of properties as residential or not.30 Jan 20230Capital Gain Exemption: Section 54F The fact that income is assessable under the Head “House Property” is not determinative of…
Business/ProfessionCapital GainSystematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals27 Jan 20230 Systematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals Systematic Investment Plan (SIP) is considered as one…
Capital GainCircularRepresentation for taking corrective measure to offer capital gain exemption for FY 2021-2219 Jan 20230Representation for taking corrective measure to offer capital gain exemption for FY 2021-22 To Smt. Nirmala Sitharaman Ji The…
Capital GainHello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed?16 Jan 20230Hello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed? The Covid-19…
Capital GainLoss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT12 Jan 20230Loss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT M/s Nadiadwala…
Capital GainFruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT9 Jan 20230Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT There are often the…
Capital GainExtension of the period of claiming Capital Gain Exemption: An Eyewash9 Jan 20230Extension of the period of claiming Capital Gain Exemption: An Eyewash The Covid-19 pandemic and resultant restrictions have resulted in…
Capital GainHouse properyCapital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT2 Jan 20230Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…
Capital GainCapital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost2 Jan 20230Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost.…
Capital GainIf substantial investment is made, the capital gain exemption is admissible even if the construction is not complete2 Jan 20230If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete MP…
Business/ProfessionCapital GainFailure of the builder to handover the possession of the property Vs. Capital Gain Exemption19 Dec 20220Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption Any profit arising from…