Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Computation of LTCG - not granted of benefit of cost of ...

Income Tax

August 29, 2019

Computation of LTCG - not granted of benefit of cost of acquisition - the tribunal has recorded reasons for remanding the matters to the AO in the light of the claim of the assessee for substituting the FMV as on 1/4/1981 and to consider the claim of exemption as per the provisions of the law in light of the relevant CBDT Circular - no error has been committed by the Tribunal

View Source

 


 

You may also like:

  1. The benefit of exemption Notification No. 12/2003-ST cannot be granted merely on the basis of overall estimation/approximations put forth and without any documentary proof - AT

  2. Convention service - availing CENVAT Credit while availing benefit of abatement notification 1/2006 ST - stay granted partly - AT

  3. Capital gain on asset sold - LTCG OR STCG - period of holding - merely because there is a change in the nature of immovable property, the principles of determining date...

  4. LTCG - Date of allotment is the date of acquisition of the shares in question and not date on which the same were credited to demat account - AT

  5. Computation of LTCG – Whether the value of surrender of tenancy right is to be considered as cost of acquisition of house property - Held yes - AT

  6. Exemption from long term capital gains (LTCG) u/s 54F - Construction or acquisition of property - earlier structure was demolished and new construction was made on the...

  7. Computation of indexed cost of acquisition for of computation of LTCG - property sold got from inheritance from ancestors - AT

  8. LTCG - Determination of Fair Market Value (FMV) - The Assessing Officer and the Commissioner of Income Tax (Appeals) accepted the fair market value of the property as on...

  9. Expenses incurred on up-gradation of software do not result into acquisition of any asset nor acquisition of enduring benefits as software become obsolete very quickly -...

  10. Demand based on reconciliation of ST returns with the balance sheet - stay granted - AT

 

Quick Updates:Latest Updates