CBDT on application of Principal Purpose Test under amended tax Treaties This clarification from the CBDT on the application of… Read More
Overview on Capital Gain Provision on Period of Holding The provided chart outlines the period of holding for determining whether… Read More
The Bombay High Court, in the case of 87A Rebate In a recent judgment, the Bombay High Court addressed issues… Read More
Capital Gains & Section 54 of the Income Tax Act Section 54 of the Income Tax Act, 1961 This structured… Read More
What are capital gains on the Sale of Property? Capital gains arise when a property is sold for a profit.… Read More
The Risks of Neglecting Compliance in Financial Transactions. This case highlights how a lack of awareness and negligence in compliance… Read More
Long-term capital loss on reduction of share capital, allowable The Mumbai Bench of the Income-tax Appellate Tribunal has provided an… Read More
Delay in registration of property cannot not be a ground to deny exemption under Section 54 & 54F: Question :… Read More
Direct Tax Code 2025 brings making compliance Easier The Direct Tax Code 2025 brings several significant changes aimed at simplifying… Read More
Guidelines for submit request Condonation of Delay If you miss the e-verification deadline for your ITR, your return will be… Read More