capital gains

Setting Off of Losses in Case of Mutual Funds 2 min read

• Income Tax

Setting Off of Losses in Case of Mutual Funds

Sourav 8 years ago

Funds apart from equity-oriented funds, short-term gains are gains made on assets which assessee holds for less than 3 years and are taxable as per... Read More

Is Goodwill taken by Partner at time of Retirement Taxable? 2 min read

• Income Tax

Is Goodwill taken by Partner at time of Retirement Taxable?

Sourav 8 years ago

Retirement of a Partner A partner in a firm may retire due to any reason like old age, better opportunity, or disagreement amongst the partners.... Read More

No exemption allowed for failure to deposit the consideration towards purchase of new flat 4 min read

• Income Tax

No exemption allowed for failure to deposit the consideration towards purchase of new flat

Baisakhi Ganguly 8 years ago

The High Court of judicature at Mumbai recently in the case of ITA No.545 of 2002, Humayun Suleman Merchant (Appellant) vs. The Chief Commissioner of... Read More