No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur ITAT
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur…
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Income Tax Law as applicable for the first installment of advance Tax.
First installment of the advance tax is due on 15th June. Taxpayers have to ensure payment of 15% of anticipated annual…
Capital gain exemption is allowable even if the construction started prior to earning of Long Term Capital Gain (LTCG) — CA Naresh Jakhotia
Capital gain exemption is allowable even if the construction started prior to earning of Long Term Capital Gain (LTCG) –– CA…
No possession, No purchase deed: Still exemption against long term capital gain granted
No possession, No purchase deed: Still exemption against long term capital gain granted Where assessee sold a residential property and…
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
AO allows capital gain exemption on that part of construction expenditure which is incurred after the sale of original asset…
Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee is not proper
Fair Market Value of capital asset u/s 50C as per ‘Guidance Value’ being determined without hearing the objections of assessee…
Black money received on sale of rural agricultural land is taxable as “Income from Other Source”
Black money received on sale of rural agricultural land is taxable as “Income from Other Source” Facts & observation…
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ? Short…
No reassessment u/s 148 merely on information without verification
No reassessment u/s 148 merely on information without verification Short Conclusion : AO cannot reopen an assessment u/s 148 merely…
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…
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision …
Taxation of Dividend Income – Recipient & Payer
Taxation of Dividend Income – Recipient & Payer – CA Naresh Jakhotia Dividend income has always subject to change from time…
Taxation of investments in Bonds, Debentures & Mutual Funds -CA Naresh Jakhotia
Taxation of investments in Bonds, Debentures & Mutual Funds -CA Naresh Jakhotia thetaxtalk’s Weekly Update Taxation of investments in Bonds, Debentures…
Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC
Even amount not received need investment for claiming capital gain exemption u/s 54EC; Bombay HC IN THE HIGH COURT…
Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197
Excellent Representation by CTC on Online procedure for making application for lower deduction certificate under section 197 (Pdf-embedder…
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…
Rigors of The Banning of Unregulated Deposit Scheme Ordinance, 2019 – realignment of financial transaction
The Banning of Unregulated Deposit Schemes Ordinance, 2019 (Act) Deposit schemes are of two types: Unregulated Deposit Scheme Regulated Deposit…
