Search Results for Tag : Capital gains

Notifications & Circulars

Rationalisation of long term capital gains proposed, Revenue gain of about Rs.20,000 crores expected in the first year(01.02.2018)

The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh at the rate of 10.....

Tags : Rationalisation, Capital gains, Proposal

FAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25(24.07.2024)

Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024?

Ans. The taxation of capita.....

Tags : Capital Gains, FAQs, Tax Regime

International Cases

Intention of Parliament must be clearly found on wording of legislation(22.05.2019)

By present appeal, Mr. and Mrs. Hancock seek to show that, the redemption of the loan notes, issued to them in connection with the sale of their share.....

Tags : Charge, Capital gains, Exemption

News

Mauritius, Singapore Investments Fully Taxable for Capital Gains(01.04.2019)

Capital Gains on investments made in India through companies in Mauritius and Singapore will become fully taxable from 1st April because of revisions .....

Tags : Capital Gains, Mauritius, Singapore Investments, Double-Taxation Avoidance Agreements (DTAAs)

ITAT, Chennai: Capital Gains to be Computed as per Share of Parties in Residential Property(10.03.2022)

Income Tax Appellate Tribunal, Chennai has held that capital gains under the Income Tax Act, 1961 is to be computed according to the respective share .....

Tags : Income Tax Appellate Tribunal, Capital Gains

Ker. HC: Gain from Property Kept for Investment Purpose to be Taxed Under Capital Gains(24.07.2024)

Kerala High Court has held that any gain that is obtained from a property kept for the purpose of investment shall be taxed under the category of capi.....

Tags : Kerala High Court, Capital Gains, Investment

Kerala HC: Interest Received by Assessee as Compensation under LAA to be Classified as ‘Capital Gains(16.04.2025)

Kerala HC has stated that interest amounts received by an assessee in respect of delayed payment of compensation under the Land Acquisition Act, 1894 .....

Tags : Kerala High Court, Interest, Capital Gains

Judgments

Applicant is not chargeable to capital gains tax in India as control and management of affairs of company, particularly all financial affairs were situated only in Mauritius(08.08.2016)

Applicant had acquired 9,931,638 shares (representing about 8.12% – holding) in Tech Mahindra Limited, India (“TML”) which is listed on Bombay stock e.....

Tags : Capital gains, Levy, Country

Terminated venture between HP and HCL not chargeable to capital gains tax(21.12.2015)

The Delhi High Court ruled in favour of HCL Infosystems in a long running tax case arising from termination of a joint venture agreement between HCL a.....

Tags : Capital gains, joint venture, right to manufacture, section 55

Profits on sale of shares were liable to taxed under the head capital gains(27.11.2017)

This appeal has been filed by the Revenue for challenging the order of CIT(A) for treating the profit earned by the Assessee from the sale of shares u.....

Tags : Capital Gains, Sale of shares