Income Tax : Explains how the second proviso to Section 112 caps LTCG tax for eligible resident individuals and HUFs after the Finance (No. 2) ...
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 : Explains FY 2025-26 tax rates for equity STCG and LTCG, ₹1.25 lakh LTCG exemption, Section 87A position, dividend tax and SIP FI...
Income Tax : Explains Section 50AA taxation of specified Debt Mutual Funds acquired from 1 April 2023 and why broker Capital Gain Reports shoul...
Income Tax : AMFI's Budget 2026–27 proposals seek mutual fund tax reforms, compliance simplification, tax neutrality and rationalisation of k...
Income Tax : India and France have signed a protocol granting full taxing rights on capital gains from share sales to the country of company re...
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...
Income Tax : ITAT deleted the Section 69A addition on advance sale consideration, upheld Section 153C proceedings, and partly allowed the asses...
Income Tax : Supreme Court dismissed the SLP against the Delhi HC ruling on JVA termination compensation, declined interference, and kept the q...
Income Tax : ITAT Mumbai allowed full Section 54 deduction, holding that exemption cannot be denied merely because the new house was jointly pu...
Income Tax : ITAT Mumbai deleted the Section 56(2)(x) addition, holding that a redeveloped flat received on surrender of tenancy rights gave ri...
Income Tax : ITAT Mumbai held that no transfer occurred in AY 2001-02 as only licence was granted and development had not commenced, setting as...
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...
Mumbai ITAT allowed Section 54F deduction on purchase of a house from relatives, holding the genuine transaction could not be denied the exemption.
Pune ITAT held section 50C does not bar section 54/54F relief and remanded the matter to verify investment in the new residential house.
ITAT Mumbai held a redeveloped flat was a continuation of the original asset, allowing LTCG treatment, indexation and Section 54/54F relief.
Delhi ITAT held that interest under Section 28 of the Land Acquisition Act forms part of enhanced compensation and is not taxable as income from other sources.
ITAT Mumbai deleted the Section 56(2)(x) addition, holding that a redevelopment flat is not received before possession and is allotted for consideration.
ITAT Raipur deleted a Section 68 addition, holding that genuine share transactions cannot be treated as bogus without evidence linking the assessee to price rigging.
Mumbai ITAT deleted Section 270A penalty after holding that a bona fide ESOP income classification error did not warrant penalty once corrected.
Chennai ITAT condoned a 59-day delay, set aside the appellate order and remanded verification of the rural agricultural land claim and capital gains issue.
ITAT Bangalore remanded verification of a real estate developer’s provision, directing examination of whether it represents expected losses or accrued expenses.
ITAT Pune set aside the addition on a Joint Development Agreement, directing fresh examination of facts, project status and security deposit.
