Income Tax : Explains how holding period over or under 24 months affects capital gains classification and company tax liability on industrial p...
Income Tax : Explains when home-loan interest can be added to the cost of acquisition and how the AY 2024-25 amendment blocks double benefits. ...
Income Tax : The Tribunal held that incomplete villas incapable of occupation and held as business assets do not amount to residential houses. ...
Income Tax : Explains when high-volume, systematic trading is treated as business income and highlights major criteria, tax rates, and complian...
Income Tax : Explore the latest NRI capital gains tax rules under the Finance Act, 2025, including rates, asset classifications, and strategies...
Income Tax : Govt rationalizes long-term capital gains tax, reducing rates to 12.5% and simplifying holding periods. Relief provided for pre-Ju...
Income Tax : Finance Bill 2024 amends Section 55 to include fair market value for unlisted shares in IPOs. Changes apply retroactively from Apr...
Income Tax : The Finance Bill 2024 proposes a streamlined and rationalized taxation system for capital gains, with changes including reduced ho...
Income Tax : From April 1, 2025, Section 47 will exclude transfers of capital assets under gifts or wills from capital gains tax, with specific...
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 ...
Income Tax : The dispute concerned taxation of land sale as capital gains despite claims that it was agricultural land beyond municipal limits....
Income Tax : ITAT Pune admitted affidavits and satellite images showing land under cultivation, restoring the issue to AO for reassessment. Pro...
Income Tax : Rejecting a summary denial of deductions, the Tribunal restored the issue to the AO to verify whether mortgage repayments and othe...
Income Tax : The Tribunal held that advances received under a joint development agreement are not taxable as business income when land remains ...
Income Tax : The Tribunal ruled that failure to deposit capital gains in CGAS does not bar Section 54 relief when the assessee invests in a new...
Income Tax : The government has authorised all non-rural branches of 19 banks to operate Capital Gains Account Scheme accounts, enhancing taxpa...
Income Tax : The amendment introduces electronic payment modes for capital gains deposits and clarifies the effective date of deposit. It enhan...
Income Tax : Ministry of Finance notifies IREDA bonds issued post-July 9, 2025, as long-term specified assets under Section 54EC for income tax...
Income Tax : Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effectiv...
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...
Understand Debt Mutual Fund taxation for FY24-25, including STCG/LTCG rules based on purchase/redemption dates, and how to accurately report gains in ITR-2.
Delhi High Court dismisses Revenue’s appeal in Modipon Ltd. case, ruling against strict application of Section 50C when circle rates rise between agreement to sell and sale deed dates. Upholds ITAT decision.
Learn how Section 54F can help you save tax on long-term capital gains from assets like land or gold by investing in a residential property. Discover key conditions and how even unplanned home purchases can lead to significant tax exemptions.
Learn how a Hindu Undivided Family (HUF) can help optimize taxes on capital gains and trading income. Understand its structure, tax treatment, audit rules, and compliance.
ITAT Mumbai rules in favour of East Bridge Capital, allowing short-term capital loss set-off against gains at higher tax rates. Key precedents considered.
Learn about the new 12.5% capital gains tax rate on Land/Building (LBB) transfers from July 23, 2024, and the CBDT’s proviso protecting assessees from higher tax.
Assessee is a foreign company and a tax resident of Mauritius. The assessee is carrying on investment activity in India by way of investments in shares and debentures of Indian companies through recognized stock exchanges in India.
Ministry of Finance notifies IREDA bonds issued post-July 9, 2025, as long-term specified assets under Section 54EC for income tax exemption.
ITAT Delhi held that cost of incurred in furnishing the flat is allowable as cost of improvement and the capital gain is to be calculated accordingly. Thus, appeal of the assessee is allowed.
Understand capital gains tax on jointly held properties in India. Learn about beneficial ownership, funding patterns, clubbing provisions, and Section 54 exemptions for co-owners.
