Happy Republic Day!Happy January 26th!
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Posted in Property Management OnHappy Republic Day!Happy January 26th!
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Posted in Property Management OnThis article delves into landmark judgments clarifying capital gains tax exemptions and related provisions under the Income Tax Act, 1961. Key rulings include the Mumbai Tribunal’s decision in Abdul Nayab Sheik v. ITO (2024), where it was held that capital gains from a jointly owned property are taxable for both owners, while joint ownership in…
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Posted in Property Management OnThis article explores landmark judgments on capital gain tax exemptions under Sections 54 and 54F of the Income Tax Act, focusing on investments in residential properties. Section 54F allows exemptions if proceeds from long-term capital assets are invested in purchasing or constructing a house within specific timeframes. Key cases include Viral Rajendra Patel v. PCIT…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.