Tax Guru1h
ITAT Directs Reassessment in ₹1.8 Crore Capital Gains & Section 54 exemption denial Case
The Income Tax Appellate Tribunal (ITAT) Chennai has directed the Assessing Officer (AO) to re-examine a capital gains case involving ₹1.8 ...
Tax Guru3h
Karnataka HC Allows Section 54EC Capital Gains Exemption Despite Delay
The Karnataka High Court ruled in favor of Dr. Sujatha Ramesh, allowing her to claim a capital gains tax exemption under Section 54EC of the Income Tax Act, 1961, despite a six-month delay in ...
McClellan: Islands and dolphins and capital gains taxes
The Missouri House gave initial approval this week to a plan to eliminate the state’s capital gains tax. Capital gains are ...