No penalty U/s 271(1)(b) if the assessment is completed U/s 143(3) & not ex-parte U/s 144
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Bombay High Court allows deduction u/s 80IB(10) on issuance of completion certificate
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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
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Validity of addition done pursuant to the statements of the third party without any incriminating material
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Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption
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Different flats sold by builders to different persons at different rates: Whether AO can apply a higher rate to all the flats?
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Saving surcharge on income tax by way of having the Partnership Firm:
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Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT
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An Apt Pre-Budget Memorandum 2023-24 By Chartered Accountants Association Surat
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Ignorance of law is certainly no excuse but, at the same time, there is no presumption in law that everybody knows the law.
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Capital loss – Expenditure claimed on abandoned project
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Everything about Annual Information Statement (AIS)
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Whether LTCG exemption can be withdrawn if the building is demolished within 3 years of its purchase?
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Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia
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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
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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
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Interest on Housing Loan: Possibility of double deduction cannot be overruled
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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…
