Web6 Dec 2024 · Section 45 (2) of the IT Act deals with the taxability on profits and gains that arises from the conversion of capital assets into stock in trade. It came into effect from 1 st April 1985. There was no provision of taxability on the conversion of stock into capital assets under the Income-tax Act, 1961. However, now according to the amendment ... Web10 Apr 2024 · This book is a complete guide to all matters pertaining to the taxation of real estate developers & joint development arrangements from an income tax & accounting …
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Web10 Apr 2024 · This book is a complete guide to all matters pertaining to the taxation of real estate developers & joint development arrangements from an income tax & accounting perspective. It addresses the tax issues relating to the land owner, developer, and other stakeholders such as flat owners or buyers of real estate. This book is amended by the … WebSection 47 of Income Tax Act 1961 as amended by the Finance Act 2024 and Income-tax Rules, 1962. Transactions not regarded as transfer. Amended and updated notes on … discord clyde ai bot
Section 49 of Income Tax Act Cost with reference to certain …
Web2 Jul 2024 · As per Section 2(9) of the Income Tax Act, 1961, states that assessment year means the 12 month period beginning on the 1st day of April every year. The assessee is … WebThe Mumbai bench of Income-tax Appellate Tribunal (Tribunal) denied the applicability of section 79 of the Income-tax Act, 1961 (the Act), where voting power and beneficial ownership effectively remained the same. Furthermore, ... [2016] 66 taxmann.com 47 (Delhi) 2 ITA No. 3914/MUM/2024 . 2 PwC Tax Insights Tribunal’s ruling Web6 Apr 2024 · Sub: Clarification regarding deduction of TDS under section 192 read with sub-section (IA) of section 115BAC of the Income-tax Act, 1961 – reg. Vide Finance Act, 2024, sub-section (1A) has been inserted in section 115BAC of the Income-tax Act, 1961 (the Act) to provide for a new tax regime with effect from the assessment year beginning on or … discord coding servers