Tag Archives: Capital Gains

Sec. 54 deduction allowed on purchase of flats even if investment is not from sale proceeds : ITAT

By | April 18, 2019

 we do not find any restriction/condition imposed mandating investment of the capital gain/sale proceeds towards purchase of new house for claiming deduction under section 54 of the Act. What the provision postulates is, for claiming deduction the assessee has to make investment in purchase of a new house one year before or two years after… Read More »

Taxation of Capital Gains – Finance Act 2017 – Taxmann

By | May 6, 2017

Taxation of Capital Gains  2017 by Taxmann As Amended by Finance Act 2017 Price Rs 875 Click to buy online Paperback: 568 pages Publisher: Taxmann Publications Pvt. Ltd.; 2017 Edition edition (2017) Key Contents of this Book WHAT IS CAPITAL GAINS WHICH INCOME IS TAXABLE UNDER THE HEAD “CAPITAL GAINS” WHAT IS ‘CAPITAL ASSET’? WHAT IS… Read More »

Transfer takes place when possession of land handed over to builder and not when sale deed is registered in case of joint development agreement

By | September 16, 2016

Held There is a fair disclosure by the assessee regarding the sale of the impugned property. In that assessment year i.e.2006-07, it is said to be accepted by the Department that as there was no transfer of capital asset as an agricultural land. It is not the case of the Department that it was subject… Read More »