Case Law Details
Case Name : DCIT Vs Cheil Communications India Private Limited (ITAT Delhi)
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
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The ITAT Delhi held where a taxpayer engaged in rendering advertising and related services to its Associated Enterprises (AEs) is also acting as an intermediary between the AEs and the third party vendor to rent advertisement space from the vendor, costs recovered by the taxpayer from the AEs for such renting and then passed on to the vendors (pass-through costs) would not be value adding costs for the taxpayer and would, therefore, not be taken into account for computing net profit margin (Operating Profit / Total Cost) of the taxpayer for applying the Transactional Net Margin Method (TNMM)...
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Hi !!
Would really appreciate on a quick response to my below query.
I own two flats on my name and planning to sell one of the flats which is currently let out (not self occupied).
The question is –
1. If I sell this flat now (July 2009), will it be Long term capital gain? Date of Agreement/Registration is June 2006 and Date of possession is March 2008.
2. If I invest the money gained by selling one of these two flats and purchase another one with that money, would I get exemption in tax?
3. To save tax, do I need to sell self occupied house only or even sell of non-self-occupied flat is also ok (provided I invest money in buying another flat within 2 years)
Thanks & Rgds
Abhay