Budget 2024-25 proposes Withdrawal of 20% TDS rate on repurchase by Mutual Funds and UTI [Read Bill]
The Budget 2024-25 proposes the withdrawal of the 20% TDS rate on repurchase transactions conducted by mutual funds and UTI. The Union Finance...
![Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-high-court-Mutual-Funds-Delhi-High-Court-in-Mutual-Fund-Nature-of-Investment-Income-tax-TAXSCAN.jpg "Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]")
![Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Assessment-Income-Tax-Ac-Merging-Transferor-Company-Madras-High-Court-Assessment-Order-taxscan.jpg "Assessment Order u/s 148 of Income Tax Act passed without considering merging of Transferor Company: Madras HC sets aside Assessment Order [Read Order]")
Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the sale and purchase of mutual funds by Maruti Suzuki can be treated as Business Income if activities of investment are...
![Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Sale-Purchase-Mutual-Funds-Maruti-Suzuki-Business-Income-Investment-Business-Profit-ITAT-Taxscan.jpg "Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]")
Loss from Sale of Shares and Mutual Funds on which STT paid can't be set off against LTCG arising out as per S.70(3): ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss from the sale of shares and mutual fundson which Securities Transaction Tax (STT) paid can't be...
![Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Shares-Mutual-Funds-STT-LTCG-ITAT-taxscan.jpg "Loss from Sale of Shares and Mutual Funds on which STT paid cant be set off against LTCG arising out as per S.70(3): ITAT [Read Order]")
SEBI Amends Mutual Funds Regulations to Include Transfer of Dividend and Redemption Proceeds [Read Notification]
The Securities and Exchange Board of India( SEBI ) has amended the SEBI (Mutual Funds) (Third Amendment) Regulations, 2022 wherein the Board has included provisions for the transfer of dividend and...
![SEBI Amends Mutual Funds Regulations to Include Transfer of Dividend and Redemption Proceeds [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/SEBI-Mutual-Funds-Regulations-Dividend-and-Redemption-Proceeds-taxscan.jpg "SEBI Amends Mutual Funds Regulations to Include Transfer of Dividend and Redemption Proceeds [Read Notification]")
Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench presided by Mr. Prashant Maharishi, AM, and Mr. Pavan Kumar Gadale, JM has held that shares are not intangible assets under section 32(1) (ii)...
![Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Shares-Intangible-Assets-Depreciation-Purchase-Price-of-Shares-ITAT-Taxscan.jpeg "Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]")