Clipped from: https://www.business-standard.com/finance/news/income-tax-dept-receives-6-500-suggestions-on-review-of-income-tax-act-124110401230_1.html Public inputs and suggestions were invited in four categories simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions Last month, the CBDT’s
Category: ART
Stock Market Crash: Sensex staring at another 3,000-pt fall, technical charts say | News on Markets – Business Standard
Clipped from: https://www.business-standard.com/markets/news/market-crash-sensex-staring-at-another-3-000-pt-fall-technical-charts-say-124110400298_1.html Charts suggest that the Sensex could slide down to 72,000 levels, in the worst-case scenario, wiping out all the gains made thus far
👌👌👌👌👌👌👌LTCG exemption cannot be denied for mere suspicion without concrete evidence
Clipped from: https://taxguru.in/income-tax/ltcg-exemption-denied-mere-suspicion-concrete-evidence.html Bhavna Lalit Jain Vs ITO (ITAT Mumbai) In a recent ruling, the Income Tax Appellate Tribunal (ITAT) in Mumbai reversed the additions made
👌Bull run takes personal loans against shares to record highs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/bull-run-takes-personal-loans-against-shares-to-record-highs/article68825677.ece The strong surge in stock markets since the pandemic and increase in retail participation has taken bank loans against shares to the highest
👌👌👌👌👌👌👌Immovable Property Sold at less than Stamp Duty Value – Tax Impact on Seller
Clipped from: https://taxguru.in/income-tax/immovable-property-sold-stamp-duty-tax-impact-seller.html Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value When any person sells
👌👌👌👌👌👌👌Long-Term Capital Gains on Sale of Immovable Property in India
Clipped from: https://taxguru.in/income-tax/long-term-capital-gains-sale-immovable-property-india.html As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head ‘Income from Capital
👌👌👌👌👌👌👌Income-Tax Implications: Joint Development Agreement & Property Transactions
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,
👌👌👌👌👌👌👌Income-Tax Implications: Joint Development Agreement & Property Transactions
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,
👌👌👌👌👌👌👌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
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