Capital Gain

  • Income Tax

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned by wife not allowable – ITAT

Husband Wife treated single unit for capital gains deduction u/s 54 54F. Compensation paid to husband to vacate house owned…

8 years ago
  • Income Tax

No difference between gift and settlement for capital gain. Holding period of previous owner (settlor) transferring capital asset u/s 2(42A) to be counted

No difference between gift and settlement for capital gains purposes. In a recent judgment, ITAT, Chennai has held that  there…

8 years ago
  • Income Tax

income from unlisted shares transfer taxable as capital gain irrespective of holding period,except in certain circumstances where AO would examine the issue

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes

8 years ago
  • Income Tax

Demolition/destruction of house not necessarily results in transfer u/s 2(47) by extinguishment of capital assets rights for capital gain purpose

ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by…

8 years ago
  • Income Tax

Assessee not liable to LTCG if land leased to builder for flats and payments received directly by builder

Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder…

8 years ago
  • Income Tax

CBDT Guidelines-Gains on sale of shares and securities whether Capital Gains or Business Income

CBDT Guidelines-Gains on sale of shares and securities whether Capital Gains or Business Income Circular No.6/2016 Government of IndiaMinistry of…

8 years ago