Raj Rani Vs ITO (ITAT Delhi) In the case of Raj Rani vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi bench set
Category: Income Tax
👌👌👌👌👌👌👌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
👌👌👌👌👌👌👌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
[1]👌👌👌👌👌👌👌Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax
https://taxguru.in/income-tax/summary-cost-acquisition-section-49-1-capital-gain-tax.html Explore Section 49(1) of the Income Tax Act, determining cost of acquisition for capital gains in non-transfer cases. Understand provisions, examples, and computation, ensuring
Initiation of reassessment unjustified as nature and source of receipts duly explained: Delhi HC
https://taxguru.in/income-tax/initiation-reassessment-unjustified-nature-source-receipts-duly-explained-delhi-hc.html Experion Hospitality Pvt Ltd. Vs ITO (Delhi High Court) Delhi High Court held that once the nature and source of receipts have been satisfactorily
76% of income tax collected from those earning more than ₹50 lakh: Govt officials – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/76-of-income-tax-collected-from-those-earning-more-than-50-lakh-govt-officials/article68864001.ece Middle-class tax burden has eased in the past decade More than three-fourth of income tax in the country is collected from assessees with income more than
👌👌👌👌👌👌👌Capital Gains Tax | Redevelopment | CA | TDS on Property | NIL Certifi
Clipped from: https://mnpartners.in/capital-gains-tax-in-redevelopment/ One of my clients recently reached out to me with a unique situation. His inquiry was primarily around Capital Gains Tax in Redevelopment His case
👌Reversal of provision of inventory written off due to obsolescence allowed: ITAT Bangalore
Clipped from: https://taxguru.in/income-tax/reversal-provision-inventory-written-due-obsolescence-allowed-itat-bangalore.html Essilor India Pvt. Ltd. Vs DCIT (OSD) (ITAT Bangalore) ITAT Bangalore held that deduction towards reversal of provision for inventory written off due
👌👌👌👌👌Bombay HC Quashes Section 148 Proceeding, Orders De Novo Assessment
Clipped from: https://taxguru.in/income-tax/bombay-hc-quashes-section-148-proceeding-orders-de-novo-assessment.html Anil Kumar Mehta Vs ITO (Bombay High Court) In Anil Kumar Mehta vs Income Tax Officer (ITO), the Bombay High Court addressed procedural issues
👌👌👌👌👌👌👌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
👌👌👌👌👌👌👌Redevelopment of society – Tax implications
Clipped from: https://taxguru.in/income-tax/redevelopment-society-tax-implications.html I. Introduction II. Income tax considerations A. Whether sale of development rights amounts to transfer and thereby chargeable to tax under the head
👌👌👌👌👌👌👌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
👌👌👌👌👌👌👌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 45, Section 48 and Section 54 of the Income Tax Act, 1961
Clipped from: https://taxguru.in/income-tax/idea-capital-gain-tax-property-redevelopment-heres-know.html No Idea about Capital Gain Tax but Property Under Re-Development? Here’s all you Need to Know!! The Finance Act, 2017 inserted a new
👌👌👌👌👌👌👌Holding period computable from allotment letter date & not sale agreement registration date
Clipped from: https://taxguru.in/income-tax/holding-period-computable-allotment-letter-date-sale-agreement-registration-date.html Minaxi Mahesh Pawani (Deceased) through Legal Heir Pratik Mahesh Pawani (ITAT Mumbai) For Capital Gain and for Indexation holding period shall be computed
👌👌👌👌👌👌👌Capital Gain Tax – Holding Period of The Property
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-holding-period-property.html The holding period of the property to compute Capital Gain tax is always a subject matter of controversy between the taxpayer and the
👌👌👌👌👌👌👌Capital Gain Tax Exemption on Property under Redevelopment
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, is
👌👌👌ITR forms–Recheck-Perplexity
Types of ITR Forms Choosing the Right Form Filing Process You can file your ITR online through the Income Tax Department’s e-filing portal or through
👌👌👌👌👌Punjab and Haryana HC Invalidates S.148 Notices for Non-Compliance
Clipped from: https://www.taxscan.in/punjab-and-haryana-hc-invalidates-s-148-notices-for-non-compliance-with-faceless-assessment-procedure-read-order/453750/ The Court determined that the notices issued by the Jurisdictional Assessing Officer were not compliant with statutory requirements, leading to a lack of
👌👌👌👌👌Employees’ Provident Fund: A look at withdrawal, taxation, TDS applicable on EPF – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/employees-provident-fund-a-look-at-withdrawal-taxation-tds-applicable-on-epf-453174-2024-11-10 It is important to comprehend the tax implications of EPF withdrawals to prevent any unforeseen tax liabilities. Withdrawals made before completing five years
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