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 …
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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…
Disallowance u/s 40(a)(ia) can be invoked only in event of non–deduction of tax and not for lesser deduction of tax
Disallowance u/s 40(a)(ia) can be invoked only in event of non–deduction of tax and not for lesser deduction of…
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…
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…
All about deduction towards Mediclaim payment u/s 80D
All about deduction towards Medi-claim payment u/s 80D There are options beyond section 80D which the taxpayers dont realises. One…
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?…
Income from Business or Other Source of Fund is generated from business & sourced to FDRs
Income from Business or Other Source of Fund is generated from business & sourced to FDRs Short Overview: Although funds…
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…
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…
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No additon towards higher share premium sustainable – valuation certificate prescribes only minimum sum to be collected : Mumbai ITAT
No additon towards higher share premium sustainable – valuation certificate prescribes only minimum sum to be collected : Mumbai ITAT…
Exemption u/s 54F if Process of purchasing plot or constructing house started within a reasonable time prior to the date of transfer of original asset
Exemption u/s 54F if Process of purchasing plot or constructing house started within a reasonable time prior to the date of…
Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land belonging to assessee’s deceased father
Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land…
Excellent publication : Technical Guide on GST Audit by ICAI
Excellent publication : Technical Guide on GST Audit by ICAI
