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Capital Gain

Latest Articles


Is Selling of Old Gold Taxable?

Income Tax : Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax...

June 4, 2025 5322 Views 3 comments Print

Recent Changes & Controversies in Capital Gains Tax & Section 87A

Income Tax : Understand India's capital gains tax evolution, including legislative history, special tax rates, and the Section 87A rebate, with...

May 30, 2025 5145 Views 1 comment Print

Long Term Capital Gain On Immovable Properties – After Budget 2024

Income Tax : Explore India's 2024 Union Budget changes to LTCG tax on immovable property, including indexation removal, revised tax rates, and ...

May 26, 2025 6927 Views 4 comments Print

Computation of LTCG on Immovable Property for Non-Residents in India

Income Tax : This article explores the computation of LTCG for Non-Residents, detailing tax rates, indexation benefits, recent amendments intro...

May 8, 2025 2082 Views 0 comment Print

Sale of Agricultural Land – How to Save Tax?

Income Tax : This article explores how taxpayers can save Long-Term Capital Gains (LTCG) arising from the sale of agricultural land. Relevant S...

April 24, 2025 6489 Views 0 comment Print


Latest News


Indexation Removal on LTCG Tax: Govt Clarifies Impact

Income Tax : Govt rationalizes long-term capital gains tax, reducing rates to 12.5% and simplifying holding periods. Relief provided for pre-Ju...

December 27, 2024 3471 Views 0 comment Print

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 5154 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 2313 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 1659 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 3900 Views 0 comment Print


Latest Judiciary


Capital gain addition merely based on unregistered agreement not sustainable

Income Tax : ITAT Pune held that addition towards short term capital gain based on unregistered agreement cannot be sustained since revenue has...

June 2, 2025 876 Views 0 comment Print

ITAT Directs AO to Consider Circle Rate on Agreement Date for Tax Calculation

Income Tax : ITAT Kolkata ruled on taxing property received with an unregistered agreement in one FY and sale deed in another, clarifying Secti...

May 21, 2025 687 Views 0 comment Print

Penny Stock & Manipulated Transactions: ITAT denies LTCG Exemption Claim

Income Tax : ITAT Mumbai rules on Usha Chandresh Shah's appeal against treating share sale proceeds as cash credit instead of long-term capital...

April 26, 2025 1206 Views 0 comment Print

HC Upholds Addition on Bogus Share Transactions Due to Rapid, Structured Dealings

Income Tax : Punjab & Haryana HC dismisses Balbir Chand Maini's appeal, upholding ITAT's finding of a non-genuine share sale transaction and in...

April 26, 2025 357 Views 0 comment Print

Section 68 Addition justified if Share purchase & sale transactions were deemed bogus

Income Tax : Punjab & Haryana HC affirms ITAT order, treating Chandan Gupta's share sale gain as unexplained income (Sec 68) due to bogus trans...

April 26, 2025 294 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 54858 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 30210 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 14985 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 7992 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 1293 Views 0 comment Print


Section 54F Deduction allowed despite Non-Construction of New House within Prescribed Time Limit  

May 26, 2023 10773 Views 0 comment Print

Delve into the Sharada Mohan Shetty Vs ITO case, analyzing the intricacies of Sec. 54F exemption claim, construction delays, and legal implications.

Long-Term Capital Gains on Sale of Immovable Property in India

May 24, 2023 87162 Views 8 comments Print

As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head Income from Capital Gains. Under section 48, capital gains are calculated by deducting the followings from the full value of the consideration arising from the sale of property

Understanding ESOPs: Key Terminology & Tax Implications

May 24, 2023 1902 Views 0 comment Print

Explore key ESOP (Employee Stock Ownership Plan) terminology and tax implications. Understand grant dates, vesting periods, exercise prices, and taxation triggers. Make informed decisions on ESOPs for financial growth.

Mere non-construction of property cannot be a ground to deny benefit u/s 54F

May 23, 2023 3918 Views 0 comment Print

ITAT Delhi – Mere non-construction of property cannot be a ground to deny benefit u/s 54F. The beneficial nature and the object of the provision is ought to be considered by the Income Tax Authorities

No Tax on Transformation to Digital Gold

May 23, 2023 2160 Views 0 comment Print

Explore the tax implications of converting physical gold to Electronic Gold Receipts (EGRs) in India, with insights on the latest Budget 2023 amendments. Discover how to invest in EGRs and the significance of the government’s move.

Section 112(1)(c)(iii) to override benefits available under section 48 to Non-Residents

May 22, 2023 4041 Views 0 comment Print

The company sold unlisted shares of an Indian private limited company and filed its return with NIL income and declared long-term capital losses after applying proviso 1 to section 48 of the Income Tax Act (Act).

Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax

May 22, 2023 16701 Views 0 comment Print

Explore Section 49(1) of the Income Tax Act, determining cost of acquisition for capital gains in non-transfer cases. Understand provisions, examples, and computation, ensuring accurate tax compliance. Reach out for further inquiries.

How to save tax on sale of shares under Section 54F

May 20, 2023 26901 Views 2 comments Print

Learn how to save capital gains tax on the sale of equity shares in India under Section 54F of the Income Tax Act. Discover eligibility criteria, investment requirements, and the calculation of tax exemptions. Get expert insights for effective tax planning.

Capital Gain on JDA Agreement & Exemption under Section 54

May 18, 2023 37914 Views 2 comments Print

Explore the intricacies of capital gains on Joint Development Agreements (JDAs) and the exemption under Section 54 of the Income Tax Act. Learn how to calculate capital gains, conditions for exemption, and the benefits it offers to landowners. Make informed decisions with insights from tax professionals. Read now

Capital Gain Tax Exemption – Sale of Inherited Property

May 17, 2023 46230 Views 12 comments Print

In this article, let us focus on specific issues involved in Capital Gain tax exemption on the sale of inherited property. An attempt has been made to simplify the relevant provisions & legal decisions with the help of Illustrations.

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