Don't Worry , Be Happy !
The confusion regarding capital gains on sale of property received as gift from relative is very common among tax payers. One such tax payer, a subscriber to this blog Sri Som Rajan , has asked by mail “Whether sale of gifted property is exempt from LT capital gain, e.g. land gifted by parents.”.Since the question asked by...
Assessment of persons leaving India. 174. (1) Notwithstanding anything contained in section 4, when it appears to the Assessing Officer that any individual may leave India during the current assessment year or shortly after its expiry and that he has no present intention of returning to India, the total income of such individual for the period from [...]
bangladesh 3. Agreement for avoidance of double taxation and prevention of fiscal evasion with Bangladesh Whereas the annexed Convention between the Government of the Republic of India and the Government of the People’s Republic of Bangladesh for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income has [...]
There is great confusion regarding the nature of Futures & Option (derivative) trades executed through MCX . The confusion has, perhaps, aggravated after the recent decision dt 17/09/2012 by Mumbai Tribunal in case of ACIT vs Arnav Akshay Mehta IT Appeal No. 2742 (Mum.) of 2011 in which the issue was whether the derivative transaction...
Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries – Georgia Notification No.4/2012[F.No.503/05/2006-FTD.I], dated 6-1-2012 Whereas an Agreement between the Government of the Republic of India and the Government of Georgia for the Avoidance of Double Taxation and [...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
PAN and TAN applications require you to fill up the the jurisdiction in which the applicant is … [Read More...]
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