The first article offers a concise yet comprehensive overview of exemptions under Sections 54 and 54F of the Income-tax Act, 1961, with respect to long-term capital gains. It highlights key legislative changes, judicial rulings, and practical issues related to investments in multiple residential units, ownership conditions, and reinvestment timelines. The article serves as a reliable reference for effective tax planning and compliance.
The second article examines the nuanced application of Tax Deducted at Source (TDS) provisions in the context of modern business expenditures, including telephone and internet services, website development, software licensing, and other digital tools. It offers a clear differentiation between routine contractual services and those constituting technical services or royalty, with reference to Sections 194C and 194J of the Income-tax Act. Backed by judicial precedents and clarifications from the Central Board of Direct Taxes (CBDT), the article provides authoritative guidance for businesses and professionals seeking to ensure proper TDS compliance in a technologically evolving regulatory environment.
The final article offers a comprehensive summary of key CBDT notifications and circulars issued in April 2025. It covers crucial updates on Aadhaar-PAN linkage, revised ITR forms, and new exemption provisions. The article also highlights disallowance of certain regulatory-related expenses and broader TCS coverage. These updates provide essential insights for tax and compliance professionals. It serves as a valuable regulatory tracker for staying updated with recent tax reforms.
Key Topics:
- Exemption under sections 54 and 54F
- TDS on telephone, internet, communication charges, website
development or software subscription paid to a resident - CBDT Notifications for the month of April – 2025
