S. 55 : Capital gains-Cost of improvement-Cost of acquisition-Bombay stock exchange membership card-Indexation of card to be taken from the year 2005-06. [S. 45]
S. 55 : Capital gains-Cost of improvement-Cost of acquisition-Bombay stock exchange membership card-Indexation of card to be taken from the year 2005-06. [S. 45]
S. 54 : Capital gains-Profit on sale of property used for residence More than one house-Prior to 1-4-2015-Eligible exemption. [S. 45]
S. 54 : Capital gains-Profit on sale of property used for residence-Sale consideration paid to purchase of another residential property prior to due date of filing of return-Entitle to exemption-Purchase of property-Entire consideration was paid for booking flat with in three years from date of transfer of original asset-Entitle to exemption. [S. 139(4)]
S. 50C : Capital gains-Full value of consideration-Stamp valuation-Agreement for sale on 8-3 1993-Possession was handed over-Sale deed was executed on 9-3 2007-For computing guidance value of property value as on 8-3-1993 i.e. date of sale agreement to be considered and not value as on 9-3 2007. [S. 2(47), 45]
S. 45 : Capital gains-Date of sale agreement and date of registration-Capital gain is taxable in the year of sale agreement and not in the year of registration. [S.50C Indian Registration Act, 1908, S. 47]
S. 45 : Capital gains-Business income-Purchase and sale of shares-No repetitive purchase and sale of shares-Profits assessable as short term capital gains. [S. 28(i)]
S. 45 : Capital gains-Failure to make full consideration-Sale deed was cancelled-Capital gains cannot be assessable. [S. 2(47)]
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Purchase of plots as stock in trade-Disallowance is held to be justified. [R. 6DD]
S. 40(a)(iii) : Amounts not deductible-Deduction at source-Outside India-Non-Resident-Reimbursement of salary-Not taxable in India-Not liable to deduct tax at source-DTAA-India-Netherlands. [S. 5, 6, 9, 192, Art. 14, 15]
S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident-Testing and certification fees paid outside India Not chargeable to tax in India-Not liable to deduct tax at source-DTAA-India-Netherland. [S. 9(1)(1), Art. 12]