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Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

Section 54 allows an exemption for long-term capital gains from selling a residential house by investing in one house within the prescribed period. Mumbai Tribunal has allowed the exemption for investing gains from multiple house sales in one property

Would moving outside India for business purposes impact my residential status?

Mumbai Tribunal Awards Rs 1.36 Crore Compensation Over Road Accident Death

The Motor Accident Claims Tribunal (MACT) in Mumbai has awarded a compensation of more than Rs 1.36 crore to the family of a motorcycle rider killed in a road accident in neighbouring Thane district of Maharashtra in 2018.

Indian Parliament Passes Amended Finance Bill

The Finance Bill, 2023 was introduced at the time of presentation of the Union Budget for financial year FY 2023-24 by the Indian Finance Minister on February 01, 2023. Amendments were proposed to Finance Bill through notice of amendments passed by Lok Sabha.

Income of India's non-residents: Taxable on receipt or accrual basis?

Puneet Jain and Aanchal Jain of Lakshmikumaran & Sridharan discuss the controversy on taxability of royalty, FTS and interest on receipt basis in India from the perspective of non-residents.

The taxing issue of making the tech giants pay their due - The Hindu BusinessLine

Wadhawan challenges NCLAT stay order in SC

The National Company Law Appellate Tribunal (NCLAT) on May 25 stayed the Mumbai NCLTs order directing the administrator of Dewan Housing Finance (DHFL) to consider a settlement proposal from its former promoter Kapil Wadhawan.

Kapil Wadhawan appeals against NCLAT stay on his offer for DHFL in SC

Kapil Wadhawan appeals against NCLAT stay on his offer for DHFL in SC SECTIONS Share Synopsis NCLAT on May 25 stayed the Mumbai NCLT’s order directing the administrator of DHFL to consider a settlement proposal from its former promoter Kapil Wadhawan. Mid-January, billionaire Ajay Piramal won the bankruptcy bid for DHFL, trumping distressed fund Oaktree Capital and Adani Capital. Kapil Wadhawan, an ousted promoter of Dewan Housing Finance ( DHFL) has filed an application in the Supreme Court challenging the order by National Company Law Appellate Tribunal, which stayed Mumbai Tribunal's order for consideration of revival plan by former promoter. The matter is yet to be listed for hearing in the apex court.

India: What are the Implications of AIF Units Becoming Securities?