Income Tax : The article examines Section 54B's withdrawal mechanism, its treatment of rural agricultural land, and suggests a legislative amen...
Income Tax : Explains Sections 54, 54F and 54EC, 12.5% LTCG tax, CGAS, transition relief and 1% TDS on eligible property sales under the Income...
Income Tax : A consolidated guide to Income-tax Act threshold limits for AY 2026-27 covering exemptions, deductions, TDS, TCS, compliance and p...
Income Tax : ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple t...
Income Tax : Learn the exemptions available under Sections 54 to 54GB of the Income-tax Act, including eligible investments, timelines, exempti...
Income Tax : Representation against Extension of time limit under section 54 to 54GB without extension of Income Tax Return due date Vidarbha I...
CA, CS, CMA, Income Tax : We have not noticed any heed being extended towards various issues and possible solutions we have proposed through those represent...
Income Tax : KSCAA has requested to Hon’ble Minister of Finance to extend various time limits under section 54 to 54GB of the Income-tax Act,...
Income Tax : All India Federation of Tax Practitioners (CZ) has requested CBDT that due date of filing return of income u/s 139(1) for all the ...
Income Tax : Direct Taxes Committee of ICAI has Request(s) for extension of various due dates under Income-tax Act, 1961 especially Tax Audit R...
Income Tax : ITAT Jabalpur remanded Section 54 exemption and DVO valuation issues, upheld AY 2015-16 taxability, and allowed retrospective bene...
Income Tax : ITAT Chennai held Section 50C cannot determine Section 54F net consideration and allowed full exemption where the entire actual sa...
Income Tax : ITAT Kolkata condoned appeal delay, set aside the CIT(A)'s order, and remanded the assessment for fresh adjudication after grantin...
Income Tax : ITAT held that Section 54 permits exemption where capital gains from more than one residential house are invested in a single resi...
Income Tax : ITAT held that exemption under Sections 54/54F cannot be denied where sale proceeds are invested in a residential house within the...
CA, CS, CMA : The ICAI Disciplinary Committee reprimanded CA Jayant Ishwardas Mehta for professional misconduct involving an incorrect income t...
Income Tax : For claiming exemption Section 54 to 54 GB of the Act, for which last date falls between 01st April. 2021 to 28th February, 2022 m...
Income Tax : Vide Income Tax Notification No. 35/2020 dated 24.06.2020 govt extends Due date for ITR for FY 2018-19 upto 31.07.2020, Last...
Income Tax : Notification No. 44/2012-Income Tax In exercise of the powers conferred by sub-section (2) of section 54, sub-section (2) of secti...
The article examines Section 54B’s withdrawal mechanism, its treatment of rural agricultural land, and suggests a legislative amendment.
ITAT Jabalpur remanded Section 54 exemption and DVO valuation issues, upheld AY 2015-16 taxability, and allowed retrospective benefit of Section 50C proviso.
Explains Sections 54, 54F and 54EC, 12.5% LTCG tax, CGAS, transition relief and 1% TDS on eligible property sales under the Income-tax Act.
ITAT Chennai held Section 50C cannot determine Section 54F net consideration and allowed full exemption where the entire actual sale consideration was invested.
ITAT Kolkata condoned appeal delay, set aside the CIT(A)’s order, and remanded the assessment for fresh adjudication after granting a fair hearing.
A consolidated guide to Income-tax Act threshold limits for AY 2026-27 covering exemptions, deductions, TDS, TCS, compliance and penalties. It serves as a comprehensive statutory reference.
ITAT held that Section 54 permits exemption where capital gains from more than one residential house are invested in a single residential house.
ITAT held that exemption under Sections 54/54F cannot be denied where sale proceeds are invested in a residential house within the prescribed period.
ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple transfers is not permitted.
Learn the exemptions available under Sections 54 to 54GB of the Income-tax Act, including eligible investments, timelines, exemption limits, and withdrawal conditions. The document also reflects amendments made by the Finance Act, 2026.
