Whether amount paid for cancelling earlier agreement is deductible while computing LTCG?
Computation of Long Term Capital Gains : Amount Paid for Non – Fulfillment of Agreement : Deductible u/s 48 :…
cancelling earlier agreement is deductible
Recent Posts
- Block Assessment Period Curtailed for Third Parties Under Finance Bill 2026
- Finance Bill 2026 allows Registered NPOs to File Belated Income-Tax Returns
- CBI arrest income tax department stenographer in Chennai for demanding bribe!
- Section 54 Deduction Allowed Even Without CGAS Deposit: ITAT Hyderabad Prioritises Substance Over Procedure
- Distribution of Assets on Total Partition of HUF Is Not a “Transfer” Under the Income-tax Act
- Signed a JDA? This ITAT Ruling on Capital Gains Can Save You from Premature Taxation
- Budget 2026: Income-Tax Highlights at a Glance
- Application for Condonation of Delay under Section 119(2)(b) filed beyond a period of 3 years in terms of Circular No. 16 of 2024 issued by CBDT & Recent HC Ruling
- Stay of Demand and the 20% Recovery Rule: CBDT Instructions and Judicial Reinforcement by the Bombay High Court
- 20% Pre-Deposit for Stay of Demand Is NOT Mandatory: Delhi High Court Corrects a Common and Costly Misconception
