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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 54GB - capital gains arising on account of ...


Capital gains tax exemption on selling a home if proceeds are invested in eligible start-up shares, subject to conditions.

March 1, 2016

Act Rules     Bill

Amendment of section 54GB - capital gains arising on account of transfer of a residential property shall not be charged to tax if such capital gains is invested in subscription of shares of a company which qualifies to be an eligible start-up subject to other specified conditions

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  10. The Income Tax Appellate Tribunal allowed the assessee's appeal against the reopening of assessment u/s 148A of the Income Tax Act. The Assessing Officer had alleged...

  11. Right to subscribe to shares in future - Section 45(1) provides that any profits or gains from the transfer of capital asset are taxable as capital gains, but then, even...

  12. Portfolio Management Services (PMS) fees paid is eligible for deduction while computing Short Term Capital Gain

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  14. Taxability of capital gain - person who sold property as attorney of the owner - It is the owner of capital asset who would be liable for capital gain. In case the sale...

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