Sale of Land As Fixed Asset in Real Developer’s Balance Sheet Can Still be...

Can a person who is involved in real estate business  claim capital gains on a land shown under fixed asset in his/its balance sheet...
gifted property

Capital Gains on Gifted Property or Inherited Property Simplifed !

Have you sold or thinking to sale the house or shares or any jewellery gifted by your father or any family relative . Maybe...

How to find the period of holding in case stock –in-trade is converted as...

Section 45(2) of the Income Tax Act cover a case of conversion of investments to stock-in-trade. But , there is no provision to cover...
singapore dtaa

India Withdraws Capital Gain Exemption Allowed to Singapore Residents !

Are you thinking that there is some error in the headline ? or Maybe thinking that the title of the article should have been "India withdraws...

Capital Gains vs Business Income Controversy : CBDT Issues Benevolent Circular

In keeping woth the promise of the government which set up the Tax Simplifcation Comittee to clean the mess of the disputes between the...
tax exemption u-s 54

Tax Exemption u/s 54 Allowed Even if You Invest Capital Gains in More Than...

Section 54 of the Income Tax Act provides that if the long term capital gains on sale /transfer of a house property is used for...
capital gains on sale

Capital Gains on Sale of Property Still Exempt u/s 54 if It is Used...

Long term capital gains on sale of property is exempted from tax to the extent it is utilized to purchase another residential house within...
depreciation

No Depreciation Claimed on Business Asset ? No Application of Sec. 50 Then !

Under Income Tax Act , sale of a business asset on which depreciation is claimed is affected by the provision of section 50 of...
stamp duty valuation

2 Strategies to Tackle Scrutiny When Stamp Duty Valuation u/s 50C of...

The stamp duty valuation of an immovable property is done by the state government and usually accepted by the parties to a sale transactions....
stock appreciation rights

Redemption of Stock Appreciation Rights Taxable as Capital Gains & Not Perquisite !

Stock Appreciation Right (SAR) are part of various kinds of stock options used by companies to incentivize and keep the employee with them. In...

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