Learn about date of acquiring a new property and its impact on capital gain tax exemption under Section 54 of Income Tax Act. Explore legal cases and guidelines.
Explore Section 44ADA of Income Tax Act, a presumptive taxation scheme for professionals. Learn eligibility, deductions, and implications for freelancers and business owners.
Discover simplified taxation scheme under Section 44AD of Income Tax Act. Learn eligibility criteria, exemptions, and key insights into this taxpayer-friendly approach.
Section 54 and 54F of the Income Tax Act governs the provisions of Capital Gain Tax Exemptions. The practical aspect of the transfer of property and capital Gain Exemption thereof is always subject to litigation. The judgments pronounced by the Hon’ble Court & ITAT provide guidelines to the assessee in this regard.
A comprehensive guide to various scenarios and solutions for belated, revised, defective Income Tax Returns for FY 2022-23, including penalties and provisions under the Income Tax Act.
Section 54 of the Income Tax Act prescribes that an individual selling property can avail of tax exemption if the Capital gain amount is invested in the purchase or construction of residential property.
Facing issues with ITR filing? Explore FAQs on ITR-2 Capital Gain Schedule for FY 2022-23. Learn how to report securities & mutual funds sale, find total sale value, and compute Short-Term Capital Gain Tax. Get insights on reporting long-term capital gains, dealing with losses, and resolving errors. For expert guidance.
Unlock the secrets of Capital Gains Tax exemption on new home purchases in a relative’s name. Navigate the legal nuances and controversies surrounding Sections 54 and 54F of the Income Tax Act. Learn from real cases and expert insights for a strategic approach to claiming exemptions and securing your investments. #TaxExemption #RealEstateInvesting
Learn how to report F&O losses in ITR 3 with this step-by-step guide. Understand the eligibility criteria for filing ITR 3, including the treatment of F&O income, intraday transactions, and other sources of income. Follow the guidelines to file your tax return accurately and comply with Income Tax regulations.
Learn how to report Long Term Capital Gain (LTCG) on the sale of land and buildings in ITR 2. Follow the step-by-step procedure, complete with illustrations and screenshots, for a hassle-free filing experience. Understand the new ITR forms, filing dates, and more.
