Capital gains exemption if plot purchase & house construction started prior to the date of transfer of original asset
Capital gains exemption if plot purchase & house construction started prior to the date of transfer of original asset Overview…
Income Tax
12 very senior officers of rank of Chief Commissioners, Principal Commissioners, Commissioners of Income Tax department given compulsorily retirement under Rule 56 by Finance Ministry
*12 very senior officers of rank of Chief Commissioners, Principal Commissioners, Commissioners of Income Tax department given compulsorily retirement under…
Modi Government started working again – 15 Commissioners compulsory retirement
Modi Government started working again – 15 Commissioners compulsory retirement
Loss in share trading couldn’t be disallowed alleging it bogus if transactions were carried on stock exchange
Loss in share trading couldn’t be disallowed alleging it bogus if transactions were carried on stock exchange IT: Where transactions…
COMPARISON BETWEEN SECTION 112 AND SECTION 112A OF INCOME TAX ACT
COMPARISON BETWEEN SECTION 112 AND SECTION 112A OF INCOME TAX ACT Long term capital gains under these two sections cover:…
Rent received from letting of terrace of building is income from House property or Income from other sources
Rent received from letting of terrace of building is income from House property or Income from other sources Overview: In…
Disallowance under section – AO directed to consider only those investments which had yielded exempt income during the year.
Disallowance under section – AO directed to consider only those investments which had yielded exempt income during the year. Overview…
Agricultural land at the date of the sale would continue to be agricultural land until permission for non-agricultural use is granted and the land is put to non-agricultural use by the purchaser
Agricultural land at the date of the sale would continue to be agricultural land until permission for non-agricultural use is…
The provision of s. 68 does not provide that the business of the assessee must start and then after the addition u/s 68 can be made.
The provision of s. 68 does not provide that the business of the assessee must start and then after the…
AO can impose penalty u/s 271AAB in case where a search is initiated u/s 132 and during such operation assessees admits undisclosed income and specifies the manner in which such income has been derived.
AO can impose penalty u/s 271AAB in case where a search is initiated u/s 132 and during such operation assessees…
HC deleted sec. 69 additions as assessee duly explained source of advance rental income
HC deleted sec. 69 additions as assessee duly explained source of advance rental income [2019] 105 taxmann.com 229 (Kerala)/[2019] 412 ITR 199…
Loss due to vacancy allowance is deductible even if the property remains vacant for the entire year – Vikas Kehav Garud Vs. ITO (2016) 71 Taxmann 214 (Pune ITAT)
Loss due to vacancy allowance is deductible even if the property remains vacant for the entire year – Vikas Kehav…
Delay in issuance of completion certificate on account of time taken by competent authority & admissibility of duction under section 80-IB(10)
Overview: Where building/developing project was completed within the time framed provided under section 80-IB(10) and an application for issuance…
Interesting Case: Brokerage paid for arranging tenant is allowable expenditure?
Interesting Case: Brokerage paid for arranging tenant is allowable expenditure? Piccadily Holiday Resorts … vs Dcit on 21 April, 2005…
A well elaborated order by Kolkata ITAT – Loss on share trading couldn’t be disallowed alleging it as bogus if all transactions were carried on stock exchange
A well elaborated order by Kolkata ITAT – Loss on share trading couldn’t be disallowed alleging it as bogus if…
Cancellation of registration of charitable trust – Order passed by CIT(E) based on mere surmises and conjectures need to be set aside.
Cancellation of registration of charitable trust – Order passed by CIT(E) based on mere surmises and conjectures need to be…
How to close the account opened under Capital Gain Deposit Account Scheme (CGDAS)?
How to close the account opened under Capital Gain Deposit Account Scheme (CGDAS)? Query] I have deposited the amount…
Selling of own land after plotting it out in order to secure better price is not an adventure in the nature of trade or business
Selling of own land after plotting it out in order to secure better price is not an adventure in the…
