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Capital Gain Deduction

ITAT Allows Rs.2.44 Lakh Cost of Improvement as Deductible Expense for Capital Gains Deduction [Read Order]

Sneha Sukumaran Mullakkal

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the Rs.2.44 lakh cost of improvement as a deductible expense for capital gains....

Gujarat HC - Capital Gain - Gujarat High Court - Capital Gain Deduction - Seized Evidence - Section 54 Income Tax Act - taxscan

Gujarat HC allows Capital Gain Deduction With Seized Evidence, Reverses Interim Settlement Board’s...

ITAT allows Capital Gain Deduction for Additional Compensation Paid to Vendors for Land Acquisition...

Sale Deed Classified as Capital Asset, Qualifies for Long-Term Capital Gain Deduction under Section...

Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income...

Capital Gain Deduction u/s 54F of Income Tax Act cannot be allowed without holding Flats for a minimum period of 3 years: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the capital gain deduction under Section 54F of the Income Tax Act, 1961 cannot be allowed without holding flats for a...

Mere Delay of Developer to Handover Possession of Flat would not Vitiate Claim of Assessee: ITAT Allows Capital Gain Deduction [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that mere delay on the part of the developer to hand over the possession of the flat would not vitiate the claim of the assessee and...

Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), recently observed that the purchase of Furniture, Air Conditioner to make new house habitable is eligible for capital gain deduction. ...

Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the capital gain deduction under Section 54F of the Income Tax Act 1961 could not be denied if the assessee had entered into...

Capital Gain Deduction allowable to Separate Independent Residential Units on a Single piece of Land: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under section 54F of the Income Tax Act, 1961 is allowable to separate independent liveable...

Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for purchase of Multiple Residential Units [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that amendment to section 54F (1) applicable from 1.4.2015 onwards and grants capital gain deduction for the purchase of multiple...

Capital Gain Deduction allowable for Eight Flats received under Joint Venture Agreement: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Banglore Bench held that the capital gain deduction is allowable for eight flats received under Joint Venture Agreement. The assessee, Maurice Patrick De...