This 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…
Read More
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
This 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 More
You can only compare 4 properties, any new property added will replace the first one from the comparison.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
January 22, 2025
Wednesday!
360 Property Management Services
- Login