Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT
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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
Capital loss – Expenditure claimed on abandoned project Author CA. AJAY KUMAR AGRAWAL ITAT CHENNAI…
Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase?
Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase? Query]…
Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia
Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia There is…
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
No Extension of Time to 30th June for Claiming Capital Gain Exemption u/s 54EC if it is earned after 20th…
Capital gains exempt under section 54EC need not be reckoned for purpose of computing book profit u/s 115JB
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?
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 Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets
Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long…
Profits realized on sale of agricultural land is exempt if there is no evidence on record to show that it is a business transaction
Income Tax Act, 1961, Section 54B Capital gains—Deduction under section 54B—Profits realized on sale of agricultural land Conclusion: Since AO had…
Interesting Judgment: Whether extinguishing of right to carry out a speciality business is taxable as Capital Gain Income ?
Extinguishing of right to carry out a speciality business Facts of the case: Assessee-company divested its shareholding in Max Atotech…
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
Exemption from Capital Gain: Section 54 is a beneficial provision and is to be construed keeping in view the intention…
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 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
Interesting issues : Capital Gain exemption under section 54F is available on the basis of actual sale consideration or stamp…
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…
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 a residential property and…
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…
Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper
Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee…
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ? Short…
