Tag: Income Tax
Seema Jagdish Patil v. National Hi-Speed Rail Corporation Ltd.
INCOME-TAX : The exemption under Section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 shall apply…
Continue Reading....Compulsory Maintenance of books of account under Income Tax
It is generally seen that there is confusion among taxpayers about maintenance of books of accounts under Income Tax Act like who is required compulsorily…
Continue Reading....Capital Gain on Conversion of Capital Asset into Stock in Trade
Section 45(2) of Income Tax Act deals with the cases where a capital asset is converted into stock in trade. Whenever a capital asset is…
Continue Reading....Capital gains under Income Tax Act 1961
Any Income derived from a Capital asset movable or immovable is taxable under the head Capital Gains under Income Tax Act 1961. The Capital Gains have been…
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