Capital Gain

Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost

2 Jan 2023

Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost.…

Capital Gain

If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete

2 Jan 2023

If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete MP…

Business/Profession Capital Gain

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption

19 Dec 2022

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption Any profit arising from…

Capital Gain

Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT

14 Dec 2022

Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT Capgemini Technology…

Capital Gain

Capital loss – Expenditure claimed on abandoned project

4 Apr 2022

Capital loss – Expenditure claimed on abandoned project Author CA. AJAY KUMAR AGRAWAL ITAT CHENNAI…

Capital Gain Income Tax

Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase?

11 Apr 2020

Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase? Query]…

Capital Gain Income Tax

Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia

4 Apr 2020

Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia There is…

Capital Gain Income Tax

No Extension of Time to 30th June for Claiming Capital Gain Exemption u/s 54EC if it is earned after 20th September : CA Naresh Jakhotia

1 Apr 2020

No Extension of Time to 30th June for Claiming Capital Gain Exemption u/s 54EC if it is earned after 20th…

Capital Gain Income Tax

Capital gains exempt under section 54EC need not be reckoned for purpose of computing book profit u/s 115JB

23 Mar 2020

Capital gains exempt under section 54EC need not be reckoned for purpose of computing book profit u/s 115JB …

Capital Gain Income Tax

Payment of enhanced value of assets revalued by firm whether constitute capital asset and transfer of such asset whether capital gains chargeable under section 45(4) r/w s. 2(14) on retirement of some of partners?

29 Feb 2020

Income Tax Act, 1961, Section 45(4) Income Tax Act, 1961, Section 2(14) Capital gains—Capital asset—Payment of enhanced value of assets…

Capital Gain Income Tax

Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets

28 Feb 2020

Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long…

Capital Gain Income Tax

Profits realized on sale of agricultural land is exempt if there is no evidence on record to show that it is a business transaction

26 Feb 2020

Income Tax Act, 1961, Section 54B Capital gains—Deduction under section 54B—Profits realized on sale of agricultural land Conclusion: Since AO had…

Capital Gain Income Tax

Interesting Judgment: Whether extinguishing of right to carry out a speciality business is taxable as Capital Gain Income ?

26 Feb 2020

Extinguishing of right to carry out a speciality business Facts of the case: Assessee-company divested its shareholding in Max Atotech…

Capital Gain Income Tax

Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention of the Legislature to give relief

24 Dec 2019

Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention…

Capital Gain

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

7 Sep 2019

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

Capital Gain

Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp duty valuation under section 50C

29 Aug 2019

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

Capital Gain

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

17 May 2019

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

Capital Gain

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

16 May 2019

No possession, No purchase deed: Still exemption against long term capital gain granted Where assessee sold a residential property and…

Capital Gain

Capital Gain exemption admissible if the taxpayers acquired substantial domain over the house property and has paid the entire cost

If substantial investment is made, the capital gain exemption is admissible even if the construction is not complete

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption

Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT

Capital loss – Expenditure claimed on abandoned project

Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase?

Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia

No Extension of Time to 30th June for Claiming Capital Gain Exemption u/s 54EC if it is earned after 20th September : CA Naresh Jakhotia

Capital gains exempt under section 54EC need not be reckoned for purpose of computing book profit u/s 115JB

Payment of enhanced value of assets revalued by firm whether constitute capital asset and transfer of such asset whether capital gains chargeable under section 45(4) r/w s. 2(14) on retirement of some of partners?

Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets

Profits realized on sale of agricultural land is exempt if there is no evidence on record to show that it is a business transaction

Interesting Judgment: Whether extinguishing of right to carry out a speciality business is taxable as Capital Gain Income ?

Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention of the Legislature to give relief

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

Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp duty valuation under section 50C

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

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

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