https://taxguru.in/income-tax/long-term-capital-gain-tax-exemption-investment-section-54ec-bonds.html Clipped from: https://taxguru.in/income-tax/long-term-capital-gain-tax-exemption-investment-section-54ec-bonds.html Introduction: Capital gains, a crucial aspect of taxation, arise from the transfer of a capital asset in the previous year. To comprehend the
Category: Income Tax
All about Taxation on sale of Immovable property
https://taxguru.in/chartered-accountant/taxation-sale-immovable-property.html Clipped from: https://taxguru.in/chartered-accountant/taxation-sale-immovable-property.html When a property is sold in India, the profit earned is called capital gains. The person gaining benefits from these capital gains
Madras HC Set-aside Assessment order passed in violation of principles of natural justice
https://taxguru.in/income-tax/madras-hc-set-aside-assessment-order-passed-violation-principles-natural-justice.html Clipped from: https://taxguru.in/income-tax/madras-hc-set-aside-assessment-order-passed-violation-principles-natural-justice.html Antony Alphonse Kevin Alphonse Vs ITO (Madras High Court) Introduction: The article delves into the legal battle between Antony Alphonse Kevin Alphonse and
Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT
Clipped from: https://www.taxscan.in/exemption-u-s-54ec-shall-not-be-allowed-when-investment-has-not-been-made-during-period-of-limitation-provided-u-s-54ec-itat-read-order/348203/ The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that exemption under Section 54EC of the Income Tax Act, 1961 shall not be
Assessee unaware of Notices being issued in Income Tax Portal: ITAT provides another Opportunity
Clipped from: https://www.taxscan.in/assessee-unaware-of-notices-being-issued-in-income-tax-portal-itat-provides-another-opportunity/348242/ The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee as he was unaware of the notices that were
Your queries: Income Tax; LTCG on auction of gold to repay loan will attract tax – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ltcg-on-auction-of-gold-to-repay-loan-will-attract-tax-3317160/ Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-ltcg-on-auction-of-gold-to-repay-loan-will-attract-tax-3317160/ Capital gain shall be calculated on the basis of the date of transfer of capital asset, i.e., the date of registering the
Automation, simplification cut waiting time for tax refunds: CII Survey – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Clipped from: https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Survey reports 87 per cent of individual taxpayers and 89 per cent of firms find income tax refund process ‘convenient’ A CII Survey reported
How much cash can I receive as a gift without attracting any tax obligations? – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-how-much-cash-can-i-receive-as-a-gift-without-attracting-any-tax-obligations-3307769/ Clipped from: https://www.financialexpress.com/money/income-tax-how-much-cash-can-i-receive-as-a-gift-without-attracting-any-tax-obligations-3307769/ From an income tax perspective, there shall be no tax implications if the aggregate cash received as gifts does not exceed Rs.
अनुमानित कराच्या तरतुदी काय असतात? | Money Mantra : What are the provisions for presumptive taxation ? | Loksatta
https://www.loksatta.com/business/personal-finance/money-mantra-what-are-the-provisions-for-presumptive-taxation-mmdc-asj-82-4047739/ Clipped from: https://www.loksatta.com/business/personal-finance/money-mantra-what-are-the-provisions-for-presumptive-taxation-mmdc-asj-82-4047739/ अनुमानित कर अनुमानित कराच्या तरतुदी उद्योग आणि व्यवसायांसाठी वेगवेगळ्या आहेत. Money Mantra : अनुमानित कराच्या तरतुदी काय असतात? प्राप्तिकर कायद्यानुसार उद्योग-व्यवसाय करणाऱ्यांना
Tax Query: Explaining Switch Between New and Old Tax Regimes – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-explaining-switch-between-new-and-old-tax-regimes/article67516533.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-explaining-switch-between-new-and-old-tax-regimes/article67516533.ece Under Income Tax law, individual taxpayers with business income are not allowed to select between the old tax regime and the new
Tax Query: How to Withdraw Capital Gains Proceeds After Paying Tax – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-withdraw-proceeds-from-capital-gains-account-after-paying-tax/article67493067.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-withdraw-proceeds-from-capital-gains-account-after-paying-tax/article67493067.ece I am a senior citizen. I sold a plot five years ago and invested the proceeds in capital gains account. After three
Gifting movable, immovable properties or cash through Gift Deed this Diwali? Know how they will be taxed – Money News | The Financial Express
https://www.financialexpress.com/money/gifting-movable-immovable-properties-or-cash-through-gift-deed-this-diwali-know-how-they-will-be-taxed-3295267/ Clipped from: https://www.financialexpress.com/money/gifting-movable-immovable-properties-or-cash-through-gift-deed-this-diwali-know-how-they-will-be-taxed-3295267/ The taxation of gifts has to be examined from the perspective of the donor (i.e. the giver of the gift) as well
Exemptions from Capital Gains: A Comprehensive Guide
https://taxguru.in/income-tax/capital-gains-tax-exemptions-guide.html lipped from: https://taxguru.in/income-tax/capital-gains-tax-exemptions-guide.html Introduction: Capital gains tax can take a substantial bite out of your profits when selling assets, but the Income-tax Act provides a lifeline
Will I have to pay tax on the residual amount after selling an old flat and buying a new one? – Money News | The Financial Express
https://www.financialexpress.com/money/will-i-have-to-pay-tax-on-the-residual-amount-after-selling-an-old-flat-and-buying-a-new-one-3285149/ Clipped from: https://www.financialexpress.com/money/will-i-have-to-pay-tax-on-the-residual-amount-after-selling-an-old-flat-and-buying-a-new-one-3285149/ Tax on Flat Sale: As per Section 54, an individual can save long-term capital gains arising on the sale of RHP by
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