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Tax Authorities Disallow Set-Off of Business Losses Against Capital Gains: ITAT Sets Aside Order and Remands for Verification [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of business losses against capital gains and remanded the matter for verification after setting aside the orders of the...

Tax Authorities Disallow Set-Off of Business Losses Against Capital Gains: ITAT Sets Aside Order and Remands for Verification [Read Order]
Sneha Sukumaran Mullakkal

ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]

The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the capital gains addition of Rs.55 lakh from the sale of a Noida property and allowed the deduction under section 54 of...

ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]
Sneha Sukumaran Mullakkal

Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]

The Kerala High Court has held that deduction under Section 54F of the Income TaxAct, 1961 can be allowed when assessee substantiate her intention to repay the borrowed funds with the capital gains....

Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]
Yogitha S Yogesh

Should You Join Infosys’ Buyback? Know the Tax Implications First

Infosys has announced its fifth and biggest share buyback so far. The company will repurchase 100 million shares at a price of Rs. 1,800 each, which accounts for about 2.41 per cent of its paid-up...

Should You Join Infosys’ Buyback? Know the Tax Implications First
Kavi Priya

Income Tax Portal Rejects Returns with S.54/54F Deductions for FY 24-25: Practitioner Flags Issue to CBDT on X

Tax professionals, practitioners and filers have taken to X to highlight the struggles faced by them while trying to file their returns ahead of the September 15, 2025 deadline. The Income Tax ...

Income Tax Portal Rejects Returns with S.54/54F Deductions for FY 24-25: Practitioner Flags Issue to CBDT on X
Avinash Kurungot

Countdown to 15th September: Here’s what Every Income Taxpayer Should Know

For Indian taxpayers, filing income tax returns (ITRs) is a requirement, which must be religiously filed every year. It allows individuals and businesses to declare income, record taxes paid, and...

Countdown to 15th September: Here’s what Every Income Taxpayer Should Know
Navasree A.M

House sold for ₹67 lakh but only ₹1,690 shown in ITR: Know how Section 54 exemption helped secure relief [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal concerning the treatment of capital gains, cost of improvement, and deduction under Section 54 of the ...

House sold for ₹67 lakh but only ₹1,690 shown in ITR: Know how Section 54 exemption helped secure relief [Read Order]
Kavi Priya

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