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Forfeited Advance on Failed Capital Asset Negotiations
Forfeited Advance on Failed Capital Asset NegotiationsRelevant Provision: Section 92(2)(h)1. The ProvisionSection 92(2)(h) taxes any sum received as an advance or otherwise during negotiations for transfer of a capital a...
Taxation of Dividend Income
Taxation of Dividend IncomeRelevant Provision: Section
92(2)(a)1. Charging ProvisionUnder Section
92(2)(a), "any dividend" is chargeable under Income from Other
Sources. Since dividend income was moved out of exemptio...
Income From Other Sources — The Residuary Head Explained
Income From Other Sources — The
Residuary Head ExplainedRelevant Provision: Section
92 | Old Section 561. What Is the Residuary Head?Indian income
tax law recognises five heads of income under Section 13 of the 2025...
Reference to Valuation Officer & Fair Market Value Disputes — The Taxpayer's Rights Explained
Reference to Valuation Officer & Fair Market Value
Disputes — The Taxpayer's Rights ExplainedSection AnalysisThroughout this series, several provisions (Section 78's
stamp duty valuation, Section 79's unquoted-sh...
Section 79 — Fair Market Value for Transfer of Unquoted Shares: Analysis with Case Laws
Section 79 — Fair Market Value for Transfer of Unquoted
Shares: Analysis with Case LawsMeta Description: SEO Keywords:Section AnalysisSection 79 is the equity-share counterpart to Section 78's
stamp-duty valuati...
Section 79 — Fair Market Value for Transfer of Unquoted Shares: Analysis with Case Laws
Section 79 — Fair Market Value for Transfer of Unquoted
Shares: Analysis with Case LawsSection AnalysisSection 79 is the equity-share counterpart to Section 78's
stamp-duty valuation rule for land/buildings (Part 1, ...
Section 69 — Capital Gains on Buy-Back of Shares: Complete Analysis with Recent Rulings
Section 69 — Capital Gains on Buy-Back of
Shares: Complete Analysis with Recent RulingsSection AnalysisSection 69 governs the tax treatment when a company buys
back its own shares or specified securities from shareho...
Section 68 — Distribution of Assets on Company Liquidation: Complete Case Law Analysis
Section 68 — Distribution of Assets on
Company Liquidation: Complete Case Law AnalysisSection AnalysisSection 68 governs the tax treatment when a company in
liquidation distributes its assets to shareholders — a tw...
Sections 74–75 — Capital Gains on Depreciable Assets & the "Block of Assets" Concept
: Sections 74–75 — Capital Gains on Depreciable Assets
& the "Block of Assets" ConceptSection AnalysisSections 74 and 75 carve out a special computation regime
for assets on which depreciation has been claimed ...
Firm-Partner Transactions — Admission, Retirement & Dissolution: The Complete Case Law Analysis
Firm-Partner Transactions — Admission,
Retirement & Dissolution: The Complete Case Law AnalysisSection AnalysisTransactions between a firm and its partners — admission of
a new partner with capital contribution...