Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-residential-property-landmark-judgments-part-a.html This article explores landmark judgments on capital gain tax exemptions under Sections 54 and 54F of the Income Tax Act, focusing on investments
Month: January 2025
*******Tax Implications for NRIs Selling Property in India
Clipped from: https://taxguru.in/income-tax/tax-implications-nris-selling-property-india.html Summary: NRIs selling property in India must navigate various tax rules, including capital gains tax. Short-term capital gains (STCG) apply if the property is
*****Proceedings against deceased person cannot continue against legal representative: Karnataka HC
Clipped from: https://taxguru.in/income-tax/proceedings-deceased-person-continue-legal-representative-karnataka-hc.html ITO Vs Smt. Preethi V (Karnataka High Court) Karnataka High Court held that proceedings initiated against deceased person are null and void and
*******Taxability of Capital Gains Under a Joint Development Agreement
Clipped from: https://taxguru.in/income-tax/taxability-capital-gains-joint-development-agreement.html For property owners seeking to commercialize their land, Joint Development Agreements (JDA) are one of the most sought out options. These agreements have
*******Capital Gain Tax After Reinstatement of Indexation Benefit
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-reinstatement-indexation-benefit.html Summary: Finance Bill, 2024 introduced key amendments to Section 112 of the Income Tax Act, reducing the long-term capital gains tax rate from 20% to
*******Capital Gain Tax Exemption on Property under Redevelopment
https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html 1. Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital,
Four days, countless headlines: How Donald Trump changed the game again | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/four-days-countless-headlines-how-donald-trump-changed-the-game-again-125012500414_1.html In four days, Donald Trump signed major orders, changed key US policies, and announced decisions that caught attention at home and around the
RBI asks banks to use tool that identifies phone numbers to curb fraud | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-asks-banks-to-uses-tool-that-identifies-phone-numbers-to-curb-fraud-125012400390_1.html Regulator asks financial institutions to use special number series for promotional voice calls fraud The Reserve Bank of India (RBI) has issued new guidelines for
A Budget beyond popcorn: Focus on capex and consumer-driven growth
Clipped from: https://www.business-standard.com/opinion/columns/a-budget-beyond-popcorn-focus-on-capex-and-consumer-driven-growth-125012600502_1.html The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let’s focus
*******GST Notices Sent to Wrong Address Not Considered Properly Served, Even If Not Undelivered
Clipped from: https://taxguru.in/goods-and-service-tax/gst-notices-wrong-address-considered-properly-served-undelivered.html Champions Steel Industries Private Limited Vs Union of India (Bombay High Court) The case Champions Steel Industries Pvt. Ltd. vs. Union of India involved the
Inflation matrix: On the numbers and trends – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/inflation-matrix-on-the-numbers-and-trends/article69108854.ece December’s price rise numbers do not ring in enough relief In the final inflation print before the Union Budget for 2025-26 is presented,
Capex quandary: On the economic data, policy – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/capex-quandary-on-the-economic-data-policy/article69120257.ece Private investments remain tentative amid growth concerns Since the COVID-19 pandemic, the Centre has been using public capital expenditure on infrastructure to pump
Race for AI domination – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/race-for-ai-domination/3723221/ Stargate is part of US-China tech battle, but India should also look at foundational AI development. India’s reliance on US technology is evident,
Time for India to break out of AI slumber – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/nbsptime-for-india-to-break-out-of-ai-slumber/3724406/ The US-led restrictions on AI technology access should serve India a wake-up call to prioritise the technology as a national security imperative. The
*******Tax disputes: India’s struggle with amnesty schemes – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-disputes-indias-struggle-with-amnesty-schemes/3725411/ As amnesties have limited utility, simplified rules and an efficient resolution mechanism will help. The backlog of appeals at various layers of tax
*******Income Tax Rules 2025: 5 major changes in the last 6 months every taxpayer should know! – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-rules-5-major-changes-in-the-last-6-months-every-taxpayer-should-know-3724749/ With Budget 2025 just around the corner, taxpayers eagerly anticipate what’s in store for their financial planning. The previous budget presented in July
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