Capital Gain

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 IT Judgement

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

14 May 2019

AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset…

Capital Gain IT Judgement

Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper

11 May 2019

Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee…

Capital Gain

Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?

9 May 2019

Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ? Short…

Capital Gain Income Tax

No reassessment u/s 148 merely on information without verification

8 May 2019

No reassessment u/s 148 merely on information without verification Short Conclusion : AO cannot reopen an assessment u/s 148 merely…

Capital Gain House propery

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

6 May 2019

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value [2019] 104 taxmann.com 208 (Bombay) Computation of…

Capital Gain IT Judgement

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC

30 Apr 2019

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC IN THE HIGH COURT…

Capital Gain House propery Income Tax

Benefit of Long Term Capital Gain exemption for Two house properties

11 Feb 2019

With the passage of time, the requirements of the taxpayers also changes and as such there is always a need…

Capital Gain Income Tax

THE UNITS OF MUTUAL FUNDS AND INDEXED COST OF ACQUISITION

1 Dec 2018

THE UNITS OF MUTUAL FUNDS AND INDEXED COST OF ACQUISITION CAPITAL GAINS SECTION 45(6), Whether benefit of indexation of cost…

Capital Gain Income Tax IT Judgement

Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?

26 Nov 2018

Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?…

Capital Gain Income Tax IT Judgement

Purchasing house property by availing bank loan make capital gain exemption invalid?

26 Nov 2018

Purchasing house property by availing bank loan make capital gain exemption invalid? Income Tax Appellate Tribunal – Mumbai Mrs. Prema…

Article Capital Gain House propery Income Tax

Capital gain exemption available even if investment is done by availing housing loan

26 Nov 2018

Capital gain exemption available even if investment is done by availing housing loan Assumptions & presumptions are the biggest barrier…

Capital Gain

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

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

Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper

Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?

No reassessment u/s 148 merely on information without verification

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC

Benefit of Long Term Capital Gain exemption for Two house properties

THE UNITS OF MUTUAL FUNDS AND INDEXED COST OF ACQUISITION

Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?

Purchasing house property by availing bank loan make capital gain exemption invalid?

Capital gain exemption available even if investment is done by availing housing loan

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