Everything in Business Income plus capital gain income and relief u/s 89. welcome to ITR-Experts 8 Years Of Experience iTReXPERTS is based on the massive digitization of the Indian tax system. We are a Jaipur based Financial-Technology platform providing solutions for Income Tax filing, GST an...
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Capital gain exemption could not be refused when an investment is made within the due date of filing Income Tax Returns (ITR). The taxpayer, Munish Babaji Sawant sold a residential flat, but the capital gain that ...
The Long Term Capital Gain or LTCG will be taxed at 10% for all listed equity shares and units of equity-oriented MFswhere STT is paid on purchase and sale.This means that the LTCG tax would be unchanged for unlisted equity shares where STT is not paid on purchase or sale.So if you ...
In the old ITR Forms one had to report foreign assets in Schedule FA only if the person had held them at any time during the ‘relevant accounting period’. The ‘accounting period’ is not defined in the Income Tax Act. However, the instructions issued by the CBDT for filing of ITR F...
Hi all,It was a pleasure to talk to you on my Facebook page yesterday, and answer your income tax and tax saving investment related questions.I am glad that I could be of help, and we would definitely have more such sessions before the end of the investment season. A background …[Re...
Capital Gain on sale of property Gift Cases Other Sources Order Now PLAN CForeign Income Included₹ 4,499/- EVERYTHING OF PLAN A+B & Income earned out of India NRI or NRO cases DTAA Guidance Order Now Pricing for Small Business For Individual Self Employed, Freelancers & Small Traders PL...
Any loss made in a capital asset sale can be carried forward in IT returns. However, keep in mind that capital gain loss can be settled against capital gains only. Recommended:How to Download Income Tax Return E-Filing Software? Hence it is paramount to realize that instead of getting sadde...
(d) Income from any source outside India (Dividend, interest, or capital gain). "Any non-disclosure of the above information in the ITR may result in levy of penalty of Rs 10 lakh under Section 43," says Wadhwa. Sometimes individuals are o...
The interest rate for banks differ at times, so it is practically rare for them to have such interest income from a single bank, or from the same bank from which they receive pension income. They may choose to opt for investing in banks which provide high-interest rate, or which ...
assessee had failed to furnish figures for the past three years. The company then filed a revision application with the Commissioner of Income-tax. The High Court found it impossible to accept the view that rejection of an application under section 197 is not an order. Besides, the High Cour...