INCOME TAX
Tuesday, 17 February 2026
Capital gain exemption on transfer of long-term capital asset (other than residential house) [Section 54F of Income-tax Act, 1961]
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Section 54F of Income-tax Act, 1961 grants exemption from long-term capital gains (LTCG) when an assessee sells a long-term capital asset o...
Monday, 12 January 2026
Whether Sumptuary allowance granted to judicial officer is exempt from payment of Income Tax?
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The sumptuary allowance is a specific benefit provided to judicial officers in India to cover entertainment expenses. This allowance raises ...
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