How to close the Capital Gain Deposit Account under CGDAS?
There is a set procedure for closing the account opened under Capital Gain Deposit account scheme-1988. Rule 13 deals with…
Capital Gain
54EE – FUND TO BE ESTABLISHED FOR “START UP INDIA ACTION PLAN” …
54EE – EXEMPTION OF LONG TERM CAPITAL GAINS ON INVESTMENT IN NOTIFIED UNITS OF SPECIFIED FUND (FUND TO BE ESTABLISHED…
Date of signing the joint Development agreement is not fully relevant for determining the Capital Gain Tax liability !!
CIT vs. Dr. Arvind S. Phake (Bombay High Court) Section 2(47)(v): Immovable property is regard to have been transferr on…
3 Years period permissible for under construction Flat for exemption u/s 54 & 54F
Mustansir I Tehsildar vs. ITO (ITAT Mumbai) CONCLUSIONS: Section 54:Acquisition of new flat in an apartment under construction should be…
Acquisition of new flat in an apartment under construction should be considered as a case of “Construction” and not “Purchase”
Mustansir I Tehsildar vs. ITO (ITAT Mumbai) CONCLUSIONS: Section 54:Acquisition of new flat in an apartment under construction should be…
Bogus LTCG from Penny stocks
Sanjay Bimalchand Jain vs. Pr CIT (Bombay High Court) GIST: Bogus LTCG from Penny stocks: The assessee has not tendered…
Eligible Start-up – 100% Tax Holiday for 3 years
Tax Holiday for 3 years Query 1] Start up India action plan was launched by the PM few months back…
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG
Claim deduction @ Rs. 5,000/- pm if living in a rented premises- Section 80GG Query 1] I am not…
New option for saving Long Term Capital Gain Tax
New option for saving Long Term Capital Gain Tax Query 1] My agreement of sale for flat in a…
Medical reimbursement for treatment in approved private hospital is tax free
Medical reimbursement Query 1] Whether medical reimbursement received by employee is taxable or not? If tax free, do we need…
