Subhash Lakhotia
Know All About Latest Judicial Decisions on Capital Gains
Loss on Sale of Capital Assets The Gujarat High Court in the case of Kishorebhai Bhikhanhai Virani v. ACIT 367 ITR 261 held that the loss on sale of Capital Assets which is covered by section 10(38) cannot be set off against Capital Gains assessable under section 45. Hence, the loss arising out of sale […]
Union Budget 2015: Dear FM, Please consider these Suggestions
Our Prime Minister Shri Narendra Modi wants that by the year 2022 every person must have a house of his own. Thus, I would like to suggest that through the Income-tax Law it is possible, at least, to meet the housing demand to some extent by amending small little provisions in the income-tax law. Consider […]
