Tag Archives: Section 45(5A)

Alignment of provisions of section 45(5A) with the TDS provisions of section 194-IC

By | February 2, 2023

Alignment of provisions of section 45(5A) with the TDS provisions of section 194-IC BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 The existing provisions of the sub-section (5A) of section 45 of the Act, inter alia, provide that on the capital gain arising to an assessee (individual and HUF), from the transfer… Read More »

Taxability in case of Joint Development Agreements w.e.f AY 2018-19

By | February 11, 2017

Special provisions for computation of capital gains in case of joint development agreement [Section 45(5A) of Income tax Act- Applicable from Assessment Year 2018-19 (Financial Year 2016-17) ] Under the existing provisions of section 45 of Income tax Act, capital gain is chargeable to tax in the year in which transfer takes place except in certain… Read More »