Budget 2021 extends Tax Holiday for Start-ups [Read Finance Bill]
The Union Budget 2021 grants relief to the Start-ups by extending tax holiday by one year. To boost funding of the start-ups, the capital gains...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")
![Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Madras-High-Court-clearing-off-mortgage-transfer-of-land-Taxscan.jpg "Madras HC disallows Deduction for clearing off mortgage created by Assessee prior to Transfer of Land [Read Judgment]")
![ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-long-term-capital-gains-undisclosed-income-bogus-Taxscan.jpg "ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]")
![Gifting Shares to One Company from Another wont attract Capital Gains Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Gifting-Shares-ITAT-Shares-Capital-Gains-Tax-Capital-Gains-Taxscan.jpg "Gifting Shares to One Company from Another wont attract Capital Gains Tax: ITAT [Read Order]")
![ITAT allows claim towards Amenities Charges on Flat Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-claim-Amenities-Charges-Flat-Sale-Taxscan.jpg "ITAT allows claim towards Amenities Charges on Flat Sale [Read Order]")
![CBDT releases instructions for filing of ITR forms for AY 2020-21 [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2020/10/CBDTreleases-instructionsfiling-ITR-formsAY-2020-21.jpg "CBDT releases instructions for filing of ITR forms for AY 2020-21 [Read Instructions]")
Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the leasehold rights can not be computed as capital gains in respect of transactions in land or building under Section 50C of the...
![Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Leasehold-Rights-capital-gains-transactions-land-building-Section-50C-ITAT-Taxscan.jpg "Leasehold Rights can’t be computed as Capital Gains in respect of transactions in land or building under Section 50C: ITAT [Read Order]")
ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]
The Karnataka High Court, while ruling in the favour of the assessee, Intel Capital (Cayman) Corporation held that the ITAT rightly computed the capital gains by adopting the rate of acquisition at...
![ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Intel-rate-acquisition-capital-gains-Taxscan.jpg "ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]")
No requirement of Scrip Wise Reporting for day Trading and Short-Term Sale or Purchase of Listed Shares: CBDT
The cap( CBDT ) has clarified that, No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares. There was a report in a certain section of media that...
While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]
The Karnataka High Court quashed the order of the ITAT as it did not consider the reasoning that while computing capital gains the benefit of indexed cost of acquisition is to be considered for the...
![While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Capital-Gains-Cost-Acquisition-Karnataka-High-Court-Taxscan.jpg "While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]")