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capital gain tax exemption

Taxation of Compulsory Acquisition of Land as per I-T Act 1961: A Detailed Guide

27 September 202327 September 2023 by Adv Aditya Narayan
compulsory acquisition of land

Capital Gain on Compulsory Acquisition of Immovable Property: Section 45(5) In the realm of income taxation in India, when a government agency necessitates any compulsory acquisition of land, it is considered a transfer according to the provisions outlined in Section …

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Bombay High Court Rules in Favor of NRI in Section 54F Amendment Case

25 September 202325 September 2023 by Adv Aditya Narayan
section 54f

Facts of the Case In a recent judgment on 12th September 2023, the Bombay High Court ruled on a case involving the amendment of Section 54F in 2015 and its prospective application. The case, Hemant Dinkar Kandlur Vs Commissioner of …

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  • GST Applicable on Corpus, Sinking, and Capital Fund Collections by RWAs: Tamil Nadu AAR Ruling
  • Supreme Court of India clarified the essential elements of a valid legal notice
  • The Income Tax Department of India has officially released the Excel utilities for ITR-1 and ITR-4 for the Assessment Year (AY) 2025-26: Get Details Here
  • Madras High Court Directs GST Department to Consider Representation for Unblocking ITC Blocked Under Rule 86A
  • Gujarat High Court Quashes Tax Demand Against Grasim Industries, Imposes ₹1 Lakh Cost on Tax Department

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