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LTCG Tax Exemption Can't Be Denied Due To An Error Made By The Builder In Assigning Apartment: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that tax benefits cannot be denied to taxpayers due to an error made by the builder in assigning the apartment.The bench of Rahul...

Mumbai , Maharashtra , India , Snehal-shah , Mumbai-bench , Income-tax-appellate-tribunal , Rahul-chaudhary , Judicial-member , Accountant-member , Nepean-sea-road , Assessing-officer

Tax season 2024: Top 3 points one must note before the financial year ends

Fulfilling one's financial obligations like registering tax-saving investments and updating returns by the financial year's last day to avoid penalties is a must.

Tax-season-2024 , Axpayers , Ax-computations , Axes-payable , Alaried-professionals , Inancial-year-2023024 , Ncome-tax , Ax-saving-requirement , Urrent-year-039s-income , Ax-saving-needs , Ld-and-new-tax-regimes

Genuineness Of Company Is Not Dependent On Magnitude Of Profit: Kolkata ITAT Upholds Disallowance Of LTCG

The Kolkata ITAT confirmed the CIT(A)'s order upholding disallowance of claim of long-term capital gain exemption u/s 10(38) of Income tax Act, 1961 by stating that genuineness of the company is not...

Kolkata , West-bengal , India , Honble-jurisdictional-high-court , Rajpal-yadav , Girish-agrawal , Accountant-member , Hon-ble-jurisdictional-high-court , Income-tax , Kolkata-itat , Ong-term-capital-gain

Interim Budget 2024: Brokerages Seek Overhaul In Capital Gains, Reconsider LTCG Removal

In the lead-up to the upcoming Budget, analysts and experts anticipate announcements tailored to benefit salary classes and rural populations.

India , New-delhi , Delhi , Sunil-nyati , Puneet-mishra , Ma-tax-regulatory-services , Swastika-investmart-ltd , Interim-budget , Managing-director , Long-term-capital-gains , Securities-transaction-tax , Regulatory-services

Thomas Cook Group (LON:TCG) Stock Crosses Above 200-Day Moving Average of $3.45

Thomas Cook Group plc (LON:TCG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.45 ($0.04) and traded as high as GBX 3.45 ($0.04). Thomas Cook Group shares last traded at GBX 3.45 ($0.04), with a volume of […]

United-kingdom , Casa-cook , News-ratings-for-thomas-cook-group-daily , Thomas-cook-group , Thomas-cook-group-stock-performance , Group-tour-operator , Cook-club , Group-airline , Get-free-report , Cook-group , Continental-europe , Thomas-cook-group-daily

IT Returns 2024: New Income Tax rules introduced in 2023 that would affect you in 2024

New tax rules 2023: One of the significant announcements regarding personal taxation was the declaration of the New Income Tax Regime as the default tax regime.

India , Nirmala-sitharaman , Union-budget , Income-tax-department , New-tax , Income-tax , New-income-tax-regime , Union-finance-minister-nirmala-sitharaman , New-tax-regime , Income-tax-rebate , Old-tax-regime , Long-term-capital-gains

ITAT Deletes Addition On Availing Accommodation Entries In Shape Of LTCG As It Was Not Recorded In Books Of Accounts

The Indore Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition of availing accommodation entries in the shape of Long Term Capital Gain (LTCG) as it was not recorded in the books of...

India , Indore , Madhya-pradesh , Kolkata , West-bengal , Vijay-pal-rao , First-century-india , Indore-bench , Income-tax-appellate-tribunal , Long-term-capital-gain , Judicial-member

Thomas Cook Group (LON:TCG) Stock Price Passes Above 200 Day Moving Average of $3.45

Thomas Cook Group plc (LON:TCG – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.45 ($0.04) and traded as high as GBX 3.45 ($0.04). Thomas Cook Group shares last traded at GBX 3.45 ($0.04), with a volume of 3,159,941 shares […]

United-kingdom , Casa-cook , Thomas-cook-group , News-ratings-for-thomas-cook-group-daily , Group-airline , Group-tour-operator , Thomas-cook-group-price-performance , Cook-club , Thomas-cook-group-company-profile , Get-free-report , Cook-group , Continental-europe

Section 54 Deduction Can't Be Disallowed Merely For Not Depositing LTCG In Capital Gain Account Scheme: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 of the Income Tax Act cannot be disallowed merely for not depositing long-term capital gain (LTCG) that...

Delhi , India , Sankalp-malik , Delhi-bench , Income-tax-appellate-tribunal , Income-tax-act , Saktijit-dey , Vice-president , Accountant-member , Income-tax , Assessing-officer

Delhi High Court Quashes Order In Revision In Respect Of Rs.1,000 Cr. LTCG Exemption Passed Against Buyer Of Non-Existing Seller

The Delhi High Court has held that a revisionary order under Section 263 of the Income Tax Act could not be passed against a non-existing seller entity by invoking Section 163 against the buyer.The...

India , Delhi , Mauritius , Justice-girish-kathpalia , Justice-rajiv-shakdher , Sanjay-kumar , Monet-ltd , Delhi-high-court , Mankind-pharmaceutical-ltd , Income-tax-act , Income-tax , For-petitioner