section 112A

Section 112A :10% Tax on LTCG is a Bonus to Many Investors !

Abolishing long term exemption u/s 10(38 ) and a levy of 10% tax on long term capital gains under section 112A of the Income...
additional compensation

When is Interest & Additional Compensation under Land Acquisition Act Tax Free & When...

The acquisition of agriculture land or non-agriculture land under Land Acquisition Act happens all the time as the government has to acquire the land...

Why Claiming Section 54EE Exemption is Impossible !

Section 54EE of the Income Tax Act was introduced as an incentive to startup ecosystem vide Finance Act 2016. Under this provision, the person...
capital gains on sale of house

Sale of House or Land by USA Resident NRI : Tax Implications in Both...

If you are a non-resident Indian who is tax resident of USA , the sale of capital assets like house or land situated in...

Car Parking Expense Eligible for Section 54 or 54F Exemption

Car parking expense is almost certain for people buying because in metro and mini metro cities . In fact even in smaller cities ,...
period of holding

How to Find holding period in case of conversion of stock-in-trade to investment ?

Now it is often found  that  taxpayers who were holding listed shares as stock-in-trade ,  converted his holding in listed shares as stock-in-trade to...

5 Tax Saving Issues Related to Capital Gains on Inherited Property Answered?

Inheritance is natural way of getting capital assets-land , house or other properties.When you sale inherited property for which you paid nothing , it...
video

Land Development Agreement :How Capital Gains Computed ??

The issue of charging capital gains on land being given to developers by owners remain a very controversial subject . The issue of time...
compensation for delay in handing over flats

Compensation or Interest for Delay in Handing Over Flat is Not Taxable !

The delay in handing over the flat is very common problem and as readers may have read recently  Supreme Court came on very heavily...
Change in long term exemption u/s 10(38)video

Long Term Exemption on Sale of Shares After 01/04/2017 Simplified !

Finance Act 2017  has brought in major change in allowance of long term exemption on sale of listed shares under section 10(38) .The changes...