Income-tax

Section 54F of Income Tax Act 1961: Definition, Exemption, Case Law & Example

April 18, 2025 / Blog, Income-tax, Tax Planning

  Definition How to Calculate Exemption u/s 54F? Illustration Differences Between Section 54 and 54F Capital Gains Account Scheme Illustration Some Common Questions Related to Section 54F Case Study Case No.1: ACIT New Delhi v Mahinder Kumar Jain IT APPEAL NO. 5254 (DELHI) OF 2014. Facts of the Case The Decision Takeaways from the Case […]

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Tax-loss harvesting Strategy

May 6, 2024 / Income-tax

Overview Tax-loss harvesting is a strategy that uses the capital losses from one investment to offset taxes owed on capital gains (profit) from another investment. It is permitted under the Indian Income-tax Act. It is used to reduce tax liability on investments.   When To Apply this Strategy When you have SOLD a capital asset in loss and holding other

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F&O Taxation – Points to be noted by F&O trader about Income-tax return filing

May 6, 2024 / Income-tax, Stock Market

For years, F&O traders have been subject to tax audit only because their turnover crossed Rs 10 Crore. But recently the formula for calculating Trading Turnover was updated. Traditionally, the option premium was considered as part of the turnover, often leading to inflated figures that made tax audit mandatory for traders. But now, only positive

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