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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 MoreWhat is PAN 2.0?The PAN 2.0 Project represents an electronic governance initiative by the Income Tax Department, aimed at modernizing taxpayer registration services. This initiative focuses on improving PAN services through contemporary technological solutions. The project consolidates all PAN-related processes, including allotment, updates and modifications, whilst incorporating TAN services into its framework.Additionally, the project will…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.