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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Ram Dutt Sharma
Born on 27 June, 1958 in Narnaul, Haryana joined Income-tax Department in the year 1983 and retired as Income Tax Officer on 30.06.2018. He has authored over 44 books on Direct Taxes so far. Preveliged to be recipient of first-ever Finance Minister’s Award 2017 for sustained devotion, commitment to duty and promoting excellence in the field of Direct Taxation at National Level on 24.07.2017.
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