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
Category: Seven Star
👌👌👌👌👌👌👌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
👌👌👌👌👌👌👌GST: Know registration process for your business, fees, time taken, more – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-gst-know-registration-process-for-your-business-fees-time-taken-more-3659854/ GST registration can be completed on the GST portal using the necessary documents, which include the applicant’s Aadhaar card, PAN, business registration certificate,
👌👌👌👌👌👌👌MSME Ministry mandates TReDS Onboarding for Large Companies
Clipped from: https://www.taxscan.in/ministry-of-msme-mandates-treds-onboarding-for-large-companies-by-march-2025/454901/ The Ministry of Micro, Small, and Medium Enterprises (MSME) has issued a notification requiring all companies with a turnover exceeding ₹250 crore and
👌👌👌👌👌👌👌Why Income Tax Notices Are Issued: Reasons and Compliance Tips
Clipped from: https://taxguru.in/income-tax/income-tax-notices-issued-reasons-compliance-tips.html Let’s understand why notice under income tax issued : Key Reasons, Types, and Best Practices for Compliance Summary: The rise in income tax notices
👌👌👌👌👌👌👌E-Invoicing Under GST: Applicability and Key Requirements
Clipped from: https://taxguru.in/goods-and-service-tax/e-invoicing-gst-applicability-key-requirements.html E-Invoicing Under GST The GST Council, during its 37th meeting on September 20, 2019, recommended the phased implementation of electronic invoicing (referred to
👌👌👌👌👌👌👌Section 43B(h): Implications for MSME Payments Under Income Tax Act
Clipped from: https://taxguru.in/income-tax/section-43bh-implications-msme-payments-income-tax-act.html The Finance Act, 2023, has inserted section 43B(h) to facilitate timely payments to MSMEs by withholding deduction on account of delayed payments beyond
👌👌👌👌👌👌👌GST Case Law Compendium- October 24 Edition
Clipped from: https://taxguru.in/goods-and-service-tax/gst-case-law-compendium-october-24-edition.html The October 2024 GST Case Law Compendium covers pivotal judicial decisions from the High Court, GSTAT, Supreme Court, and CESTAT on varied GST
👌👌👌👌👌👌👌Understanding Income from House Property under Income Tax Act, 1961
Clipped from: https://taxguru.in/income-tax/understanding-income-house-property-income-tax-act-1961.html Summary: The Income Tax Act of India classifies income into five categories, one of which is “Income from House Property.” This category applies to
👌👌👌👌👌👌👌Negative Liability Statement for Regular Taxpayers: Here’s What GSTR-3B Filers Need to Know
Clipped from: https://www.taxscan.in/negative-liability-statement-for-regular-taxpayers-heres-what-gstr-3b-filers-need-to-know/453648/ The Goods and Services Tax Network ( GSTN ) has introduced a new facility that allows regular taxpayers to enter negative amounts in
👌👌👌👌👌👌👌NRIs can Transact through UPI Now: Know How
Clipped from: https://www.taxscan.in/upi-transactions-for-nris-a-comprehensive-guide/453500/ Understanding how NRIs can utilise UPI is important, especially as the global landscape evolves toward more digital and immediate banking solutions By Manu Sharma – On
👌👌👌👌👌👌👌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
👌👌👌👌👌👌👌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
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