CAclubindia Articles

Capital gain valuation (Immovable Property) as per IT Act 1961

Posted by Mohammed Ibrahim 01 May 2022 12209 Views

Capital gain is "the amount by which the selling price of an asset exceeds the purchase price; the gain is realized when the asset is sold". (Word web Dictionary).

Set-Off and carry forward of losses

Posted by Taxblock 01 May 2022 5205 Views

There can be profit and also losses in every type of business, where losses are difficult to digest. Though Income Tax Act in India provides for the benefits of losses too. The law contains the provisions for set off and carry forward of losses.

Notices, Appeal, Revisions, Search & Seizure Under Income Tax

Posted by Taxblock 01 May 2022 2037 Views

If any person is receiving notice then they need to act on the notice. Recently CBDT which is known as Central Board of Direct Tax has launched the scheme that is termed as Centralized Communication Scheme, the scheme says that all the communication shall be made in electronic mode.

Minimum Alternate Tax

Posted by Taxblock 01 May 2022 3718 Views

Minimum Alternate Tax or MAT is a provision that is in direct tax laws which is for companies, it is the provision for limit the tax exemptions which is availed by the companies.

Whether Registration Of Copyright Is Not Necessary To Sue For Infringement

Posted by FCS Deepak Pratap Singh 01 May 2022 1483 Views

For bringing suit for infringement of copyrights it is not necessary that subject matter should be registered with Registrar of Copyrights. But in case of infringement of a trade mark, the registration of trade mark is necessary for bringing any suit for infringement.

LIC IPO - Reservation and Special Discount for Policyholders

Posted by Neethi V. Kannanth 30 April 2022 6027 Views

India's largest IPO,"LIC" is all set to open next week i.e. from May 4 and will close on May 9. It is planning to raise Rs. 21,000 crore through the IPO. And also, there is a special discount on the offer price exclusively for the policyholders! Read on to know more about it.