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New Cost Inflation Index vs Old : How Does it Affect Your Tax on...

CBDT has notified the new Cost Inflation Index (CII) as enacted under the Finance Act 2017. The issue for the present post is whether...

Revised Base Year Cost Inflation Index Notified

The government enacted vide Finance Act 2017 that the base year for the cost inflation index will be revised to 2001 from the base...

How to Determine Holding Period for Shares Received on Account of Convertible Debenture ?

NOTIFICATION NO. SO 1146(E) , DATED 17-3-2016In exercise of the powers conferred by section 2, read with section 295 of the Income-tax Act, 1961...

Valuation u/s 50C at Option of Assessee Either From Date of Agreement or From...

This is extremely good news for those whose case is in scrutiny at present and likely to suffer on account of higher stamp duty...

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...

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