Description: This section is applicable only to individual and HUF assessees in respect of capital gains arising from transfer of
Read MoreDescription: Where the assessee has not disputed the value adopted or assessed by the stamp valuation authority or no appeal
Read MoreDescription: Section 50Cis applicable when the capital asset transferred is land of building or both. If the apparent consideration is
Read MoreDescription: Section 50C will not Apply While Computing Exemption Under Section 54F. – V.K. Subramani. Source: 1. www.tpcc.in 2. The
Read MoreDescription: As per the amendments in the income tax rules, coming into effect from July 1, quoting PAN (Permanent Account
Read MoreCarry Forward of Losses If a loss cannot be set off either under the same head or under the different
Read MoreSet-off of Losses Set off of loss under the same head of income (Sec.70) If the net result fro any
Read MoreAdvance Tax All items of income (including capital gains, winning from lotteries, crossword puzzles, etc.,) are liable for payment of
Read MorePayment of advance tax in pursuance of order of Assessing Officer If despite the legal obligation cast upon a taxpayer
Read MoreDescription: The apex court in the case of Southern Technologies Ltd b. Joint CIT (2010) 32 (I) ITCL 505 (SC)
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