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SEBI Introduces ‘TLH’ Code for Smooth Transmission of Securities from Nominee to Legal Heir in CBDT Reporting [Read Circular]

Avinash Kurungot

The Securities and Exchange Board of India (SEBI) has recently issued a circular, introducing a standard reason code “TLH” (Transmission to Legal...

Hitting the Bull’s Eye: An attempt to Curb Illegit Black Money practice of purchase of Agricultural...

HUDCO Bonds Now Eligible for Capital Gains Tax Exemption u/s 54EC: CBDT [Read Notification]

Hues of Evasion - Understanding Colourable Devices - Indian Taxation - Understanding Colourable Devices in Indian Taxation - taxscan

Hues of Evasion: Understanding Colourable Devices in Indian Taxation

FM Nirmala Sithraman - Capital Gains Tax Indexation - TAXSCAN

[BREAKING] FM Nirmala Sitharaman proposes two Options for Capital Gains Tax Indexation Benefit...

Transfer of Depreciable Capital Assets Attracts Capital Gains Tax u/s 45 (4) of Income Tax Act: Kerala HC [Read Order]

The Kerala High Court has held that the transfer of the depreciable capital assets attracted capital gains tax under Section 45(4) of the Income Tax Act, 1961in the absence of distribution of any...

No Plans to revise Tax on LTCG, reveals Revenue Secretary Sanjay Malhotra

The Revenue Secretary Sanjay Malhotra, on February 4, 2024, stated that there are presently no intentions by the government to simplify the Long Term Capital Gains ( LTCG ) Tax. During an...

LTCG - Revise Tax - Revenue Secretary - Revenue Secretary Sanjay Malhotra - Sanjay Malhotra - TAXSCAN

Tax Implications for using Antique Automobiles in India

Introduction Vintage vehicles are a symbol of nostalgia, craftsmanship, and history. Owning and using vintage cars, motorcycles, and other automobiles is a passion for many in India. However,...

Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]

The Vishakhapatnam bench of the ITAT, comprising Shri Duvvuru Rl Reddy, Judicial Member & Shri S Balakrishnan, Accountant Member has held that the department cannot impose income tax on the...

VAT Increase in Nigeria as President Signs Finance Bill into Law

The President of Nigeria Muhammadu Buhari has signed the financial bill 2019 on 13/01/2020 Monday, which attempts to increase the Value-Added Tax (VAT) rate from 5% to 7.5% into the law in Abuja. The...

Contracts - Nigeria - VAT - President - Finance Bill - Taxscan

CBDT notifies List of Transaction Exempted from LTCG u/s 10(38) of Income Tax Act [Read Notification]

The Central Board of Direct Taxes (CBDT) today released the final Notification on section 10(38) of the Income Tax Act which exempts exempt specified deals from long-term Capital Gains Tax in cases...

Details of Income Tax Returns cannot be Disclosed through RTI Act: CIC [Read Order]

The Central Information Commission, held that the details of Income Tax Returns of assesses cannot be provided through Right to Information Act for the reason that the same would infringe the...