Capital Gain Exemption on Purchase of one house property and sale of multiple capital assets
Capital Gain Exemption on Purchase of one house property and sale of multiple capital assets Mr. Smart has sold…
Income Tax
Long term capital gain exemption if the investment is done in the name of family members or relatives
Long term capital gain exemption if the investment is done in the name of family members or relatives Often an…
TAXATION OF SALARY INCOME : FAQ FOR THE SALARIED TAXPAYERS
TAXATION OF SALARY INCOME : FAQ FOR THE SALARIED TAXPAYERS . What is considered as salary income? section 17 of the Income-tax…
Controversy: Capital Gain Exemption & Taxation of Joint Development Agreement u/s 45(5A)
Controversy: Capital Gain Exemption & Taxation of Joint Development Agreement u/s 45(5A) Capital gain computation is a mechanism…
Validity of addition if AO had not brought on record any material to show that cash deposited in bank accounts of the creditors belonged to assessee and, was a case of round tripping of unaccounted income of the assessee
Validity of addition if AO had not brought on record any material to show that cash deposited in bank accounts…
Since Assessee had not shown any agricultural income in his return of income, he was not justified in claiming exemption from the capital gain tax: ITAT Delhi
Since Assessee had not shown any agricultural income in his return of income, he was not justified in claiming exemption…
All Recent Amendment & Changes in Income Tax: A Compilation:
All Recent Amendment & Changes in Income Tax: A Compilation: Lockdown, Extensions, Notifications etc have resulted in number of changes…
Deduction u/s 10AA not to be allowed on enhanced profits arrived after considering the disallowance u/s 69C, in view of legal position clarified by CBDT.
Deduction u/s 10AA not to be allowed on enhanced profits arrived after considering the disallowance u/s 69C, in view of…
Capital gain exemption if amount is deposited in SB A/c transferred to fixed deposit account & no evidence exists to prove the investment of amount in capital gains deposit account account
Capital gain exemption if amount is deposited in SB A/c transferred to fixed deposit account & no evidence exists to…
Allowability of expenses pertaining to earlier years if same is crystallized during year
Allowability of expenses pertaining to earlier years if same is crystallized during year Short Overview : Where assessee merely acted as…
Addition u/s 68 towards Advances received for booking of commercial space
Addition u/s 68 towards Advances received for booking of commercial space short Overviwe : Where parties from whom assessee received…
Reassessment & Reason to believe : Reopening on information has investigation wing
Reassessment & Reason to believe : Reopening on information has investigation wing short Overview: Where after receiving information from investigation report…
No denial of Sec. 54F relief if new house was used for commercial purpose though sanctioned for residential purpose
No denial of Sec. 54F relief if new house was used for commercial purpose though sanctioned for residential purpose Navin…
Income from renting of commercial property, owned by assessee is ‘Income from house property’ or ‘Business Income’?
Income from renting of commercial property, owned by assessee is ‘Income from house property’ or ‘Business Income’? short Overview: Where…
Last date of Payment under Sabka Vishwas (Legacy Dispute Resolution ) Scheme, 2019 is 30th June 2020
Last date of Payment under Sabka Vishwas (Legacy Dispute Resolution ) Scheme, 2019 is 30th June 2020
Buyer eligible to avail full ITC even when tax rate charged by seller on goods is higher than the specified rate: HC
Buyer eligible to avail full ITC even when tax rate charged by seller on goods is higher than the specified…
A Welcome Move: Re-Extension of Various Deadlines under the Income Tax Act – 1961
A Welcome Move: Re-Extension of Various Deadlines under the Income Tax Act – 1961 In view of the disruptions caused…
Relief to Salaried TaxPayer: Employee opting for Sec. 115BAC eligible to claim exemption for tour, travel and conveyance expenses
Relief to Salaried TaxPayer: Employee opting for Sec. 115BAC eligible to claim exemption for tour, travel and conveyance expenses Notification…
