Live Breaking News & Updates on Itat Franco|Page 6

Stay updated with breaking news from Itat franco. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Joint-ownership in existing flat will not bar tax benefit on investments in another house: ITAT

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. ....

Madhya Pradesh , Amarpal Singh Chadha , Supreme Court , Income Tax Appellate Tribunal , Tax Benefits , Residential Property , Joint Ownership , Section 54 F ,

ITAT Restores Matter Back To AO To Verify ICSI's Income Tax Exemption Claim

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has restored the matter back to the AO to verify the Institute of Company Secretaries of India s (ICSI) income tax exemption claim.The bench of. ....

Ranjan Chopra , Institute Of Company Secretaries India , Delhi Bench , Income Tax Appellate Tribunal , Company Secretaries , Aastha Chandra , Judicial Member , Accountant Member , Income Tax Act , For Appellant , Income Tax ,