India Business News: ITR filing FY 2023-24: Some moonlighters may be obtaining 'salary' income from one or more employers, yet for most income from gigs is business or pro
India Business News: MUMBAI: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has recently held that the differential sum between the proceeds received on rede.
When a taxpayer earns long-term capital gains from sale of any asset (other than a house property), the tax arising on the gains can be saved by investing the net sale proceeds in a residential property. The quantum of exemption depends on the amount invested in the new house. If the amount invested is less than the net sale consideration then the exemption is proportional.
When a taxpayer earns long-term capital gains from sale of any asset (other than a house property), the tax arising on the gains can be saved by investing the net sale proceeds in a residential property.