NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA
The sale of immovable property in India by a Non-Resident Indian (NRI) triggers a cascade of tax and regulatory compliance requirements,...
![Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096632-disallowance-of-depreciation-on-apartment-depreciation-on-apartment-taxscan.webp "Disallowance of Depreciation on Apartment under Passive Use u/s 32 of Income Tax Act: ITAT Remits for Verification of Possession [Read Order]")
![POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094529-capital-gain-taxscan.webp "POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]")
![Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/250x150_2077407-return-income-taxscan.webp "Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]")
Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that capital gains exemption under Section 54F of the Income-tax Act, 1961 is allowable when the assessee invests sale proceeds...
![Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050452-exemption-site-img.webp "Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]")
Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that gift of property share from husband to wife is eligible for capital gain exemption under Section 54 of Income Tax Act,1961, but...
![Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043119-capital-gain-itat-mumbai-gift-property-share-taxscan.webp "Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]")
![[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Return-ITR-CBDT-Revised-ITR-Forms-1-and-4-TAXSCAN.jpg "[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]")
Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as 'Capital Gain': Kerala HC [Read Order]
In a recent ruling, the Kerala High Court has ruled that the interest received on delayed compensation for compulsory agricultural land acquisition will be treated as Capital Gain as it is an accrual...
![Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as Capital Gain: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Capital-Gain-1.jpg "Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as Capital Gain: Kerala HC [Read Order]")
Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]
In a significant ruling, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee is still eligible for a deduction under Section 54F of the Income Tax Act, 1961, even if...
![Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Pune-Section-54F-Income-Tax-Deduction-TAXSCAN.jpg "Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]")