section 48

Section 48 : Payments to Tenants or Lessee of Property Allowable Deduction

Many times , the property -whether land or building - are not free of encumbrance or are leased or under control of tenants. In...
unit linked pension plans

Unit Linked Pension Plans Offer No Tax Free Return ! Here is Why

The need to post the article on taxation issues related to investment in pension fund unit scheme of various insurance companies came out of...
off market transaction

Off Market Transactions in Listed Shares : Keep An Eye on Tax Angle ?

When a persons buys or sell listed shares through stock exchange , there are many benefits attached. For example , shares become long term...
capital gains exemption on share buyback

Capital Gains Exemption on Share Buyback – What You Need to Know ?

Sometime back , this site had published an article explaining taxation of buyback of share. However, few readers have asked for another article on...

Assessee Expired After Selling House ? Can Legal Representative Claim Exemption u/s 54 or...

The unfortunate situation that an assessee sold the property - house or any other long term capital asset , but before he could either...

4 Harsh Tax Effect of SEBI Withdrawl of Recognition of DSE ?

Now the fact that the Securities and Exchange Board of India has withdrawn the recognition of watchdog from the Delhi Stock Exchange is in...
buyback of shares

Taxation of Buyback of Shares Simplified !

The “buy-back” of share means purchase by a company of its own shares in accordance with the provisions of section 77A of the Companies Act,...
exemption

Exemption u/s 54 or 54F Allowed Even if Residential Property Bought is Used Subsequently...

Section 54 of the Income Tax Act provides exemption from tax on long term capital gains earned on sale of a residential property to...
sale of land

Is the Gain on Sale of Land After Converting to Smaller Plots Chargeable to...

With the urbanization of India taking places fast, the land prices are also going up. So, people having ancestral land or who bought the...
tax planning

Tax Planning for Property Owned through Will or Inheritance or Gift or Succession

Buying is only one way of becoming owner of property. In India, people become owner of the property through WILL or Gift or as...