transfer of property act 1882
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 […]
The Karnataka Apartment Ownership Act, 1972
In Karnataka, and especially in urban areas such as Bangalore, there is a severe shortage of land. Because of this, buying an independent house becomes quite a task. The alternative is to purchase a flat in any of the many existing and up-and-coming multi-storied apartments. This alternative, though, is disadvantageous, in that you won’t have […]
