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NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA

Franklin Joshva

The sale of immovable property in India by a Non-Resident Indian (NRI) triggers a cascade of tax and regulatory compliance requirements,...

Zero Tax up to Rs. 12.75 Lakh u/s 87A, But Will Short-Term Capital Gains Still Attract Income Tax?

Union Budget 2025 Expectations: Everything We Know So Far

Budget 2024 - FM - Withdraw 2% Equalization Levy - E-commerce - TAXSCAN 1

Budget 2024: FM Proposes to Withdraw 2% Equalization Levy for E-commerce [Read Bill]

Transfer of Depreciable Capital Assets Attracts Capital Gains Tax u/s 45 (4) of Income Tax Act:...

Sale Consideration not accruing to the Assessee in the Year under Consideration but Extending to Many Years, not to be Computed as Short-Term Capital Gains: ITAT

The Income Tax Appellate Tribunal “SMC” Bench, Pune, has, while jointly considering two appeals filed on the same ground bydifferent assessees, held that sale consideration not accruing to the...

Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT)has held that the sale consideration received by a real estate agent towards the sale of property shall be treated as business income...

Dept cannot change status of Assessee to Trader when it had accepted him as Investor in previous year merely because he made some profit on shares: ITAT

While dismissing the cross-appeals filed by both the Revenue and Assessee, the Mumbai ITAT ruled that the Revenue cannot change the status of Assessee to the trader when it had accepted him as the...