![FIRS Clarifies The Timeline For Filing Capital Gains Tax Returns And Directs Immediate Compliance By Taxpayers :: Grey Matter // Banwo & Ighodalo FIRS Clarifies The Timeline For Filing Capital Gains Tax Returns And Directs Immediate Compliance By Taxpayers :: Grey Matter // Banwo & Ighodalo](https://banwo-ighodalo.com/assets/uploads/125.jpg)
FIRS Clarifies The Timeline For Filing Capital Gains Tax Returns And Directs Immediate Compliance By Taxpayers :: Grey Matter // Banwo & Ighodalo
TaxHelpdesk - Long-term capital gains that fall under Section 10(38) of the Income Tax Act, as stated earlier, were not taxable earlier. However, after the reforms made in the Union Budget 2018-19,
![Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y. Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y.](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-Income-Tax-Act-Capital-Gain-Taxable-Current-Assessment-ITAT-taxscan.jpg)
Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y.
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