In order to claim exemption under Section 54, you need to invest the capital gain amount in a residential house property. (Express Photo) Section 24 provides two kinds of deductions, firstly, 30 % of the actual value and secondly, the interest ... Financial Express, 5 days ago
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A planning application has been made for up to 2 million sq ft of distribution and industrial space at Suffolk Park in Bury whilst local flavour and fragrance group Treatt is to build a new hq on the site. Development promoter Jaynic has submitted ...Biz East, 1 week ago
I am an employee with a real estate company. I purchased a flat for R10 lakh against the market value of R85 lakh from the said company. Is there any tax implication? —Subash Sharma There is an employer-employee relationship between yourself ...Financial Express, 1 month ago
If you are unable to give a satisfactory explanation about source of income, proceedings and penalties can follow The recent notification of the Central Board of Direct Taxes (CBDT) asking banks to furnish details of cash deposits above a certain ...Business Standard India, 2 months ago Deposits above Rs 2.5 lakh: Don't panic if you receive the I-T notice Smart Investor, 2 months ago
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