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Section 85 (Formerly Section 54EC) — Capital Gains Exemption on Investment in Bonds: Case Law Analysis
Section 85 (Formerly Section 54EC) — Capital
Gains Exemption on Investment in Bonds: Case Law AnalysisSection 85 of the Income-tax Act, 2025 — titled
"Capital gains not to be charged on investment in certain bonds"...
Section 82 (Formerly Section 54) — Exemption on Sale of Residential House: Case Law Analysis
Section 82 (Formerly Section 54) — Exemption
on Sale of Residential House: Case Law AnalysisSection AnalysisSection 82 of the Income-tax Act, 2025, titled "Profit
on sale of property used for residence," is the direc...
Long-Term vs Short-Term Capital Gains — Section 2(67) Analysis with Case Laws
Long-Term vs Short-Term Capital Gains —
Section 2(67) Analysis with Case LawsSection AnalysisSection 2(67) of the Income-tax Act, 2025 defines
"long-term capital asset," and by extension, the long-term/short-term
cl...
Capital Asset Definition & Exclusions Under Section 2(22) — Full Analysis with Case Laws
Capital Asset Definition & Exclusions
Under Section 2(22) — Full Analysis with Case LawsSection AnalysisSection 2(22) of the Income-tax Act, 2025 defines
"capital asset" broadly as property of any kind held by an...
What Constitutes "Transfer" Under Capital Gains — Section Analysis with Landmark Case Laws
What Constitutes "Transfer" Under
Capital Gains — Section Analysis with Landmark Case Laws Section Analysis"Transfer," in relation to a capital asset, is
defined expansively — a legacy of Section 2(47) o...
Section 67 of the Income-tax Act 2025 — The Charging Section for Capital Gains (Complete Analysis with Case Laws)
Section 67 of the Income-tax Act 2025 — The
Charging Section for Capital Gains (Complete Analysis with Case Laws)Section AnalysisSection 67 of the Income-tax Act, 2025 is the charging
provision for capital gains — ...
Form No. 26, The Consolidated Tax Audit Report Under the Income Tax Act, 2025
Form No. 26The Consolidated Tax Audit Report Under
the Income-tax Act, 2025A Clause-by-Clause, Point-Wise Guide
With Illustrative ExamplesPrescribed under Section 63 of the
Income-tax Act, 2025, read with Rule 47 of t...
Disallowance of Cash Expenditure Exceeding the Prescribed Limit
:
Disallowance of Cash Expenditure Exceeding the Prescribed Limit
To discourage
cash-based business transactions and promote a verifiable banking trail, the
Act disallows any expenditure incurred in respect of ...
Disallowance for Non-Deduction or Non-Payment of Tax Deducted at Source on Business Expenditure
:
Disallowance for Non-Deduction or Non-Payment of Tax Deducted at Source on
Business Expenditure
Where a
business incurs expenditure that requires tax to be deducted at source under
the applicable TDS provisi...
The Residuary Deduction — Expenditure Wholly and Exclusively Laid Out for the Purposes of Business
The
Residuary Deduction — Expenditure Wholly and Exclusively Laid Out for the
Purposes of Business
Beyond the
specific, itemised deductions the Act enumerates, a residuary or 'general'
deduction allows any e...