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BM Finance Fundas: Date of house possession key for tax benefit under section 54

BM Finance Fundas: Date of house possession key for tax benefit under section 54
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Lubna kablyIncome tax appellate tribunalIncome tax actTerm capital gainsLong term capital gains

Date of house possession key for tax benefit under section 54 says ITAT; all you need to know

Section 54 tax benefit: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) clarified that the date of possession is crucial for claiming a tax benefit under section 54 of the Income-tax Act. This ruling highlights the importance of timely investment in a new house to reduce tax liability on profits from selling an old property.

Lubna kablyIncome tax appellate tribunalIncome taxIncome tax actLong term capital gainsHindu undivided families

US student visa: Indian students cleared for re-entry to US after OPT scam

US student visa: Indian students cleared for re-entry to US after OPT scam
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

United statesTamil naduLubna kablyJonathan wasdenUs department of homeland securityOptional practical trainingHomeland securityOpen doors report

Major GST relief for holding companies in corporate guarantees case

The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a supply of service liable to GST.

Sujit ghoshLubna kablyMannat waraichIndia incSupreme courtHigh courtAcme cleantech solutionsCentral boardIndirect taxesGst noticesHolding companiesPunjab amp haryana high courtCentral board of indirect taxes and customsSupply of serviceShowcause noticesDemand orders

H1b visa: US proposes major changes in H-1B Visa: Here s how it will impact professionals, students

US immigration agencies have proposed changes to the H-1B visa program, which could affect Indian professionals in the US. The changes aim to modernize the program, combat fraud, and provide opportunities for startup founders. With approximately 580,000 H-1B visa holders in the US, many being Indian nationals, the changes have far-reaching consequences.

United statesLubna kablyCyrusd mehtaSiskind susserGreg siskindFederal registerNew york basedH1b visaH 1b visa programIndian professionalsUs immigration agenciesLottery selection processEligibility criteriaH 1b visa changes