Clipped from: https://taxguru.in/income-tax/income-tax-implications-joint-development-agreement-property-transactions.html “Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms,
Category: ART
👌👌👌👌👌👌👌Section 48 in The Income Tax Act, 1961
Clipped from: https://indiankanoon.org/doc/121068/ -The income chargeable under the head “Capital gains” shall be computed, by deducting from the full value of the consideration received or accruing
👌👌👌👌👌👌👌CBDT notifies Cost Inflation indexes with Base Year as 2001-02
Clipped from: https://taxguru.in/income-tax/cbdt-notifies-cost-inflation-indexes-base-year-200102.html CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and
👌👌👌👌👌👌👌Cost Inflation Index (CII): Meaning, Index from 1981-82 to 2024-25 & Benefits
Clipped from: https://taxguru.in/income-tax/cost-inflation-index-cii-meaning-index-1981-82-to-2024-25-benefits.html Introduction The Cost Inflation Index (CII) is a measure of inflation used in the computation of long-term capital gains on the sale of
👌👌👌👌👌👌👌CIT(A) Accepts Additional Evidence on LTCG in violation of Rule 46A: ITAT Remands to AO
Clipped from: https://taxguru.in/income-tax/cita-accepts-additional-evidence-ltcg-violation-rule-46a-itat-remands-ao.html ACIT Vs Sangeeta Ganpat Sawant (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) in Mumbai has recently delivered a significant ruling in the
Spanish residents appeal for help, three days after floods left 158 dead | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/spanish-residents-appeal-for-help-three-days-after-floods-left-158-dead-124110100479_1.html And as authorities repeat over and over, more storms are expected. The Spanish weather agency issued alerts for strong rains in Tarragona, Catalonia,
👌More than 50% of total MF AUM comes from just three states – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/investment/story/more-than-50-of-total-mf-aum-comes-from-just-three-states-452190-2024-10-31 Maharashtra contributed Rs 27.49 lakh crore of the total MF AUM of Rs 67.09 lakh crore as of September 2024. This was followed by
👌Google adds AI-powered ‘Help me write’ shortcut to Gmail on web: Details | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/google-adds-ai-powered-help-me-write-shortcut-to-gmail-on-web-details-124102900991_1.html The Help me write feature is Google’s artificial intelligence-powered tool that allows users to formalise, elaborate, and shorten their emails Google has announced
India needs to focus on being a global AI power – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/india-needs-to-focus-on-being-a-global-ai-power/article68803044.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/india-needs-to-focus-on-being-a-global-ai-power/article68803044.ece The country’s vast pool of skilled professionals in engineering, data science and software development puts it in a position to become a
PM Modi urges vigilance against ‘digital arrest’ scams, calls for public awareness – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/pm-modi-urges-vigilance-against-digital-arrest-scams-calls-for-public-awareness/article68802796.ece A National Cyber Co-ordination Centre has been set up for synchronisation among investigative agencies working on cyber crime, says Prime Minister Narendra Modi
👌👌👌👌👌👌👌Denial of deduction u/s. 54F merely because registration date is beyond stipulated period unjustified
Clipped from: https://taxguru.in/income-tax/denial-deduction-u-s-54f-registration-date-stipulated-period-unjustified.html ACIT Vs Siva Jyothi Palam (ITAT Visakhapatnam) ITAT Visakhapatnam held that denial of deduction under section 54F of the Income Tax Act merely
👌👌👌👌👌👌👌Tax Insights on Sale of Flat & Defective Return
lipped from: https://taxguru.in/income-tax/tax-insights-sale-flat-defective-return.html Arjuna – Krishna today I have two questions for you. Can I ask you? Krishna – hey Arjuna, off course you can. Arjuna – 1st question
👌👌👌👌👌ITR data shows income inequality has come down, says SBI research report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/itr-data-shows-income-inequality-has-come-down-says-sbi-research-report/article68794574.ece Analysis of Income Tax Return data shows there has been a cumulative 74.2 per cent decline in income disparity coverage for those earning
👌👌👌👌👌10 Indians per hour caught at US borders; over 90,000 arrested in FY24 | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/10-indians-per-hour-caught-at-us-borders-over-90-000-arrested-in-fy24-124102500994_1.html Despite increased security, the allure of the US remains strong for Indians, especially Gujaratis, with over 90,000 illegal entry attempts recorded in FY24,
👌👌👌👌👌ITAT quashes Income Tax Assessment Due to Lack of Higher Authority Approval Reopening Beyond 3 Years
Clipped from: https://www.taxscan.in/itat-quashes-income-tax-assessment-due-to-lack-of-higher-authority-approval-u-s-151-for-reopening-beyond-3-years-read-order/450274/ Considering the revenue failed to get higher authority approval before reopening the assessment beyond 3 years, ITAT quashed the order By Kavi Priya – On October
👌👌👌👌👌👌👌SC Issues Directions To Create Awareness About Free Legal Aid
Clipped from: https://taxguru.in/corporate-law/sc-issues-directions-create-awareness-free-legal-aid.html It is most vital to note that in a significant step with far reaching consequences, the Supreme Court in a most learned, laudable,
Finance Ministry to consider scrapping windfall tax on crude: Govt official | Commodities – Business Standard
Clipped from: https://www.business-standard.com/markets/commodities/finance-ministry-to-consider-scrapping-windfall-tax-on-crude-govt-official-124102300636_1.html The imposition of windfall tax on crude oil was introduced in 2022 to address excessive profits during high prices The finance ministry will
👌👌👌👌👌👌👌Key Amendments to Capital Gains in Budget 2024-25
Clipped from: https://taxguru.in/income-tax/key-amendments-capital-gains-budget-2024-25.html Normally in our country Budget of Central Government is declare on 1st February every year, but due to election of Lok Sabha, on 1st February,
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