The Union Budget 2024 introduced significant modifications to the taxation of capital gains in India. Finance Minister has proposed a uniform long-term capital gains (LTCG) tax rate of 12.5% across…
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On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024 including revisions to the Tax Deducted at Source (TDS) rates. TDS Sections Current TDS Rate Proposed TDS Rate Effective…
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Union Budget 2024-2025 presented by Finance Minister Nirmala Sitharaman on 23 July 2024, the new tax regime got better for the middle class in India. Standard deduction has been increased…
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The Reserve Bank of India (RBI) has asked banks to maintain an incremental Cash Reserve Ratio (ICRR) of 10 per cent on the increase in their deposits between May 19 and July…
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Income TaxUncategorized
Capital Gain Exemption Allowable On Construction Of Residential House Completed Within 3 Years: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), has held that the claim of capital gain exemption under Section 54 of the Income Tax Act, 1961 on construction…
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Real EstateUncategorized
SARFAESI Act 2002, Section 17 (4A)Amendment Act Of 2016 & Its Implication On Rights Of Tenant Under Tenancy Law
Provisions of SARFAESI Act speaks about recovery procedure in its Sec 13 deals with enforcement of security interest. Sec 14 empowers the Chief Metropolitan Magistrate or District Magistrate to assist…
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For the old tax regime, an individual, who is resident in India, is allowed a tax rebate under section 87A if the total income of such individual does not exceed…
