Capital Gains Account Scheme (CGAS) : A Detailed Guide
When selling assets like property or stocks, the profit earned constitutes what is known as a capital gain, which is taxable under the Indian Income Tax Act, 1961. However, to…
Lower Deduction Certificate (LDC) for TDS on Sale of Property by NRI : Why, When & How
As an NRI (Non-Resident Indian), in the midst of the hustle and bustle of life across borders, it’s common to overlook aspects related to your property back in India. Property…
Understanding Section 54: A Guide to Capital Gains Tax Exemptions on Residential Property Sales
The world of finance and taxation can often seem like a labyrinth, especially when it comes to understanding the nuances of the Income Tax Act. However, with the right guide,…
Sanofi Vs Vodafone: An Analysis
In the recent case law of Sanofi Pasteur Holding SA Vs Dept of Revenue, Andhra HC there are various landmark analysis of various provision of DTAA, Income Tax as well as,…
Payment to builder for under construction property covered for exemption u/s 54
The Learned Mumbai Tribunal has held that payment to builder / developer for under construction property comes under the purview of construction under section 54 of Income Tax Act for…
Benefit of Indexation based on Payments made and the date of Allotment of Under Construction Builder Flat
Many of us face the problem of calculation of capital gain on sale of property which was purchased from builder in installments or otherwise and was under construction when the…