Category: Income Tax

We will explain our followers about Income Tax.

The Kolkata Tribunal held that interest paid on borrowed funds utilized for the acquisition of the property be treated as part of the “cost of acquisition” for the purpose of calculating Long-Term Capital Gains (LTCG)

The Income Tax Appellate Tribunal (ITAT) decision in the case of Bani Broto Banerjee pertains to the computation of long-term

Life insurance originated as a financial safety net to protect dependents in case of the insured person’s death. Over time,

Supreme Court in recent ruling in CIT v. M/s. Jindal Steel and Power Limited [Civil Appeal No. 13771 of 2015]

Employers often provide residential accommodations to their employees, and under the guidelines of the Income Tax Act, 1961, when such

BACKGROUND As per the Income Tax Act (‘IT Act’), a unit set up in International Financial Services Centre (‘IFSC’) is