Income Tax Articles
Section 54 & 54F: Some of the finer points and judicial decisions
CS Advocate Abhishek Goyal 15 March 2022 at 08:52As we are aware, section 54 of the Income Tax Act, 1961 provides exemption to the assessee from long term capital gains accruing to the assessee on account of transfer of a capital asset which is a residential house property subject to conditions prescribed therein.
Whether income tax attachment order will be considered as bar on sale of assets of a company in liquidation under IBC 2016
FCS Deepak Pratap Singh 14 March 2022 at 08:43Leo Edibles & Fats Limited Vs. Tax Recovery Officer (Central)- Hyderabad [2018] 99 taxmann.com 226/259 Taxmann 387 Andhra Pradesh & Telangana High Court.
Income Tax Planning and its benefits
CA Puja Sharma 12 March 2022 at 09:00Tax Planning is an intellectual process that makes one's financial position tax efficient. It refers to all those activities undertaken by taxpayers to ensure that their tax liabilities are minimised and benefit of all the available deductions, allowances and exemptions have been availed and are working in a coordinated manner.
Income from unsold flats shall be treated as business income
FCS Deepak Pratap Singh 10 March 2022 at 08:44INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT.
Women related Income tax and financial benefits
CA Umesh Sharma 07 March 2022 at 13:16Let's discuss the life journey from a girl child to a woman, and what are the rights, Income tax benefits, and other benefits available to women in Indian laws...
Whether sub-leasing of properties will be taxable in PGBP or income from house property
FCS Deepak Pratap Singh 05 March 2022 at 08:46Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).
Assessment under provisions of Section 153A of IT Act, 1961
FCS Deepak Pratap Singh 04 March 2022 at 12:15SOME IMPORTANT FACTS RELATED TO ASSESSMENT UNDER SECTION 153A OF THE INCOME TAX ACT, 1961
Can GAAR override DTAA?
Mayank Mohanka 04 March 2022 at 08:39In this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to this complicated question, analysing the applicable provisions of the Constitution of India, the Income Tax Act, 1961
Difference between Fiscal Year and Assessment Year
Suhani Ahuja 03 March 2022 at 09:22The end of the Fiscal year is approaching, and with it, the last day for filing your Income Tax Returns (ITR). But what exactly is a Fiscal Year?
Tax Implications on Gifting of Shares
Poojitha Raam Vinay
03 March 2022 at 09:22
The word transfer means a delivery of property, especially stocks and shares, from one person to another.
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