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Capital Gain

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Rationalization and simplification of capital gains: Union budget 2024

Income Tax : Union Budget 2024 proposes revised holding periods, increased short-term capital gains tax rates, and uniform long-term capital ga...

July 25, 2024 609 Views 0 comment Print

Capital Gains Taxation Post-Budget: FAQs on Indexation & Rate Changes

Income Tax : Explore FAQs on latest capital gains tax changes effective from July 23, 2024. Simplified holding periods, updated rates, and roll...

July 25, 2024 10767 Views 3 comments Print

Union Budget 2024: Tax Implications for Capital Market Participants

Income Tax : Union Budget 2024: Key tax changes impact short-term, long-term capital gains, and security transaction tax for capital market par...

July 23, 2024 936 Views 0 comment Print

Different Income Tax Rates on Different types of Income

Income Tax : Understand Income Tax Act rates: Short Term Capital Gains @15% with STT, exceptions to 36-month rule, Long Term Capital Gains, and...

July 18, 2024 1728 Views 0 comment Print

Share Split and Amalgamation: Analysis from a Capital Gains Perspective

Income Tax : Analyze the tax implications of share splits and amalgamations in India. Understand capital gains treatment, period of holding, an...

July 12, 2024 2049 Views 0 comment Print


Latest News


Budget 2024: Section 55 amendment- Cost of Acquisition for Unlisted Shares

Income Tax : Finance Bill 2024 amends Section 55 to include fair market value for unlisted shares in IPOs. Changes apply retroactively from Apr...

July 24, 2024 2286 Views 0 comment Print

Simplified Capital Gains Taxation Regime Introduced in Finance Bill 2024

Income Tax : The Finance Bill 2024 proposes a streamlined and rationalized taxation system for capital gains, with changes including reduced ho...

July 24, 2024 1692 Views 0 comment Print

Budget 2024: Amendment to Section 47 on Capital Asset Transfers

Income Tax : From April 1, 2025, Section 47 will exclude transfers of capital assets under gifts or wills from capital gains tax, with specific...

July 24, 2024 651 Views 0 comment Print

Budget 2024: Capital Gains Taxation Simplified And Rationalised

Corporate Law : Finance Ministry's new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for ...

July 23, 2024 1059 Views 0 comment Print

Key Features & Benefits of Taxation Laws (Amendment) Bill, 2021

Income Tax : Taxation Laws (Amendment) Bill, 2021 Key Features of Taxation Laws (Amendment) Bill, 2021 1. Provides that no tax demand shall be ...

August 13, 2021 1434 Views 0 comment Print


Latest Judiciary


ITAT Chennai Upholds Section 54F Deduction for Property Purchase in Wife’s Name

Income Tax : Read the detailed analysis of ITAT Chennai's decision to grant full S.54F deduction for property purchase in wife's name out of a ...

July 18, 2024 492 Views 0 comment Print

Deeming Provisions of Section 50C Not Apply to Leasehold Rights: ITAT Delhi

Income Tax : ITAT Delhi rules that Section 50C deeming provisions cannot be applied to leasehold rights in the Shivdeep Tyagi vs ITO case....

June 26, 2024 543 Views 0 comment Print

ITAT quahses Section 270A Penalty Despite Non-Filing of Return for Capital Gains on Property

Income Tax : Understand the implications of the Parulben Vijaykumar Patel vs ITO case from ITAT Ahmedabad. Detailed analysis and conclusion pro...

June 15, 2024 972 Views 0 comment Print

Bonus Shares Have Nil Acquisition Cost for Capital Gains Calculation: ITAT Bangalore

Income Tax : ITAT Bangalore dismisses valuation of bonus shares under Income Tax Act sec. 55(2)(aa)B. Detailed analysis of Zash Traders vs ACIT...

June 13, 2024 540 Views 0 comment Print

Violation of Section 269SS: Section 271D penalty Applies, Not Section 68 addition

Income Tax : Section 54F amendment restricting exemption to one residential house was prospective, applying only from April 1, 2015 and Violat...

May 26, 2024 2565 Views 0 comment Print


Latest Notifications


CBDT notifies Cost Inflation Index for Financial Year 2024-25

Income Tax : The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), issued Notification No. 44/2024-Income-Tax on May 24, 2...

May 24, 2024 51225 Views 0 comment Print

NHAI discontinue Section 54EC Capital Gain Bonds issuance w.e.f. 01.04.2022

Income Tax : The Government of India in IEBR for FY 2022-23 have not mandated NHAI to raise funds from the market. Therefore. NHAI shall not is...

March 31, 2022 29883 Views 0 comment Print

Guidelines under clause (10D) section 10 of Income-tax Act, 1961

Income Tax : The Finance Act, 2021 amended clause (10D) of section 10 of the Act by inserting fourth to seventh provisos. Fourth proviso provid...

January 19, 2022 13002 Views 1 comment Print

CBDT Notification on Computation of capital gains, not exempt under Section 10(10D)

Income Tax : CBDT vide Notification No. 8/2022-Income tax notifies Rule 8AD Computation of capital gains for the purposes of sub-section (1B) o...

January 18, 2022 7800 Views 0 comment Print

Draft rules for amendments by Taxation Laws (Amendment) Act, 2021

Income Tax : No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 20...

August 28, 2021 1131 Views 0 comment Print


Latest Posts in Capital Gain

Rationalization and simplification of capital gains: Union budget 2024

July 25, 2024 609 Views 0 comment Print

Union Budget 2024 proposes revised holding periods, increased short-term capital gains tax rates, and uniform long-term capital gains tax rates.

Capital Gains Taxation Post-Budget: FAQs on Indexation & Rate Changes

July 25, 2024 10767 Views 3 comments Print

Explore FAQs on latest capital gains tax changes effective from July 23, 2024. Simplified holding periods, updated rates, and rollover benefits explained in detail.

Budget 2024: Section 55 amendment- Cost of Acquisition for Unlisted Shares

July 24, 2024 2286 Views 0 comment Print

Finance Bill 2024 amends Section 55 to include fair market value for unlisted shares in IPOs. Changes apply retroactively from April 1, 2018.

Simplified Capital Gains Taxation Regime Introduced in Finance Bill 2024

July 24, 2024 1692 Views 0 comment Print

The Finance Bill 2024 proposes a streamlined and rationalized taxation system for capital gains, with changes including reduced holding periods, revised tax rates, and alignment of provisions for resident and non-resident taxpayers.

Budget 2024: Amendment to Section 47 on Capital Asset Transfers

July 24, 2024 651 Views 0 comment Print

From April 1, 2025, Section 47 will exclude transfers of capital assets under gifts or wills from capital gains tax, with specific changes for individuals and HUFs.

Union Budget 2024: Tax Implications for Capital Market Participants

July 23, 2024 936 Views 0 comment Print

Union Budget 2024: Key tax changes impact short-term, long-term capital gains, and security transaction tax for capital market participants. Learn more here.

Budget 2024: Capital Gains Taxation Simplified And Rationalised

July 23, 2024 1059 Views 0 comment Print

Finance Ministry’s new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for financial assets.

Different Income Tax Rates on Different types of Income

July 18, 2024 1728 Views 0 comment Print

Understand Income Tax Act rates: Short Term Capital Gains @15% with STT, exceptions to 36-month rule, Long Term Capital Gains, and special rates for lottery winnings and anonymous donations.

ITAT Chennai Upholds Section 54F Deduction for Property Purchase in Wife’s Name

July 18, 2024 492 Views 0 comment Print

Read the detailed analysis of ITAT Chennai’s decision to grant full S.54F deduction for property purchase in wife’s name out of a bank loan. Understand the legal implications and arguments presented.

Share Split and Amalgamation: Analysis from a Capital Gains Perspective

July 12, 2024 2049 Views 0 comment Print

Analyze the tax implications of share splits and amalgamations in India. Understand capital gains treatment, period of holding, and cost of acquisition intricacies.

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