Blog

06
Feb
2019
Sale of Shares is capital gain or business income ?
01
Feb
2019
Key takeaways of Budget 2019

This is for the first time in the Indian history that Interim Budget has been announced as on 1 February. Modi Government's current tenure is about to end and this is the last budget before 2019 Lok Sabha elections. The final budget will be presented in July, 2019 by the newly elected Government.

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24
Jan
2019
Missed paying advance Tax ? You may get a Notice !!
05
Dec
2018
Loss from derivative is a normal business loss and not speculation loss
04
Dec
2018
It isn't mandatory for assessee to set off business loss against capital gains as per sec. 71
13
Aug
2018
GST Amendments as passed by the Lok Sabha
28
Jul
2018
Income Tax Notice in name of deceased
23
Jul
2018
GST Rate Changes
11
Jul
2018
Reduced Tax Litigations
14
Jun
2018
Listing Securities on Stock Exchanges in India
12
Jun
2018
No sec. 54F relief if construction of new property took place prior to date of transfer of capital a

Benefit of deduction under section 54F in case of construction of residential house, is available only when construction is completed within a period of three years after date of transfer of long-term capital asset and, therefore, where construction took place prior to date of transfer, conditions of section 54F were not fulfilled and, consequently, assessee's claim for deduction was to be rejected

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