Friday, 19 February 2021

Daily digest for Gupta Chandan & Associates, on February 19, 2021

posted: "INCOME TAX : Where capital gains arising from sale of two flats were invested in one residential house, such capital gains would be exempted under section 54INCOME TAX : Where capital gains arising from sale of two flats were invested in one residential h"
posted: "INCOME TAX : Where assesse-company purchased fixed asset by taking foreign currency loan, foreign exchange loss on acquisition of fixed assets was to be adjusted against foreign exchange gain against capital work in progress and net amount of gain was to "
posted: "INCOME TAX : Where during original assessment, assessee had clearly explained loss on account of sale of shares claimed by it and Assessing Officer allowed said loss only after considering explanation of assessee, mere non-mentioning of reasons for allowi"
posted: "The Union Budget 2021-22 has, overall, received encomiums from economists, academicians and the like for not only its transparency but also the efforts made to provide an impetus to an already slowing economy further ravaged by the pandemic and its latent"

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Daily digest for Gupta Chandan & Associates, on February 23, 2026

Income Tax Forms as applicable from 1st April 2026. Old forms under income tax Act 1961 added for better search....