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  • Capital Gain Exemption – Importance of Claiming it Under the Right Section

    • January 22, 2016
    • Posted by: admin
    • Category: Uncategorized
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    This article questions the Taxability of Capital Gain (CG), when it is invested in residential property but held for less than three years. This has a reference to the recent Judgment passed by the Hon’ble ITAT Chennai in the case of K.V. Vijayaraghavan Vs. DCIT [TS-7142-ITAT-2016(CHENNAI)-O] etc…

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  • Is Sec 270A efficient to replace Sec 271(1)(c)?

    • January 22, 2016
    • Posted by: admin
    • Category: Finance & accounting, Uncategorized
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    By K Senguttuvan, Subathra Manoharan (Originally published on Taxsutra)

    It is not a new fact that Sec 270A and Sec 270AA has been inserted to the Income Tax Act thereby replacing Sec 271.

    The motive behind bringing these new Sections into force was to reduce the litigation between the taxpayer etc…

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