Expenses incurred to make the newly purchased house habitable can be claimed as a deduction U/S 54: ITAT Mumbai
Expenses incurred to make the newly purchased house habitable can be claimed as a deduction U/S 54: ITAT Mumbai Renu…
House propery
Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013
Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013 There are cases…
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT
Capital Gain Exemption u/s 54F allowable If Property in Question Found to be Commercial Nature: ITAT The Income Tax…
Agreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash if the stamp duty valuation was less at the time of agreement
Agreement to sale entered prior to introduction of section 43CA –No addition even though the amount was received in cash…
In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the same: Madras High Court
In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the…
Different flats sold by builders to different persons at different rates: Whether AO can apply a higher rate to all the flats?
Different flats sold by builders to different persons at different rates: Whether AO can apply a higher rate to all…
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the cost of the borrowing made by him for the purpose of paying the vendor and obtaining the sale deed
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the…
Interest on Housing Loan: Possibility of double deduction cannot be overruled
Interest on Housing Loan: Possibility of double deduction cannot be overruled CA Naresh Jakhotia There are often various issues…
Sum received from display of advertisement on assessee’s undergoing real estate project is a business income or house property income?
Income Tax Act, 1961, Section 14 Heads of income—Income from house property or Income from other sources—Sum received from display…
Property used by the Assessee for the purpose of its business cannot be considered to be a vacant property as per section 23
Property used by the Assessee for the purpose of its business cannot be considered to be a vacant property as…
Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’
Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’ Short Overview: In the…
Section 54F is a beneficial provision and should be liberally interpreted
Section 54F is a beneficial provision and should be liberally interpreted An assessee who has purchased a house property is…
Capital gain exemption shall be limited to actual sale consideration and not stamp duty value
Capital gain exemption shall be limited to actual sale consideration and not stamp duty value [2019] 104 taxmann.com 208 (Bombay) Computation of…
Interesting Ruling on Pure Agent
Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that the conditions as…
Benefit of Long Term Capital Gain exemption for Two house properties
With the passage of time, the requirements of the taxpayers also changes and as such there is always a need…
No exemption u/s 54B if new agricultural land was purchased prior to sale of old agriculture land
No exemption u/s 54B if new agricultural land was purchased prior to sale of old agriculture land Facts: 1. The…
Capital gain exemption available even if investment is done by availing housing loan
Capital gain exemption available even if investment is done by availing housing loan Assumptions & presumptions are the biggest barrier…
The third umpire – ITAT has ruled in favor of Sachin Tendulkar in a tax dispute case
The third umpire – ITAT has ruled in favor of Sachin Tendulkar in a tax dispute case If the…
