Sakhee Mehta

Advocate | Everything Litigation

[Sakhee Mehta @sakhee191]

There seems to be some confusion and misinterpretation on the benefit of indexation for properties bought prior to 2001 after the IT Department issued a clarification on X.

#LTCG #Budget2024

[Sakhee Mehta @sakhee191]

@timesofindia My friend’s parents were travelling with him. Any information on them would be helpful please

[Sakhee Mehta @sakhee191]

@TeamSOSIndia @MEAIndia @CMOMaharashtra @NDRRMA_Nepal @MofaNepal @vrindajourno Please also note: the above persons are also out of contact and part of the same tour.

[Sakhee Mehta @sakhee191]

@jhasubir @priyankac19 Even my best friend’s parents were part of the same tour. Please help with any information on them.

[Sakhee Mehta @sakhee191]

@craigoz82 My best friend’s parents are missing. They were part of Richa Tours from Mumbai, India. They were at the crossing one hour before it was hit. Please help.

[Sakhee Mehta @sakhee191]

The position of law as per the Finance Bill, 2024 is however pretty straight forward. All LTCG arising from transfers taking place *after* 23 July 2024 is to be taxed at 12.5%. Period.

[Sakhee Mehta @sakhee191]

There seems to be some confusion and misinterpretation on the benefit of indexation for properties bought prior to 2001 after the IT Department issued a clarification on X.

#LTCG #Budget2024

[Sakhee Mehta @sakhee191]

The position of law as per the Finance Bill, 2024 is however pretty straight forward. All LTCG arising from transfers taking place before 23 July 2024 is to be taxed at 12.5%. Period.

[Sakhee Mehta @sakhee191]

There is NO idexation benefit available to properties purchased prior to 2001. However, FMV is indexed cost of acquisition. Thus, only to that extent indexation benefit is available. Post 2001, any appreciation on such property will be LTCG taxed at 12.5%.

20% no longer exists!

[Sakhee Mehta @sakhee191]

This is clear from the example given by the IT Department in the clarification issued on X.

[Sakhee Mehta @sakhee191]

@livenationph @smtickets What about international fans? Highly ridiculous you stop online purchasing while keeping physical ticketing open. Coldplay deserves better representation and ticketing agents. It’s really a shame they won’t have international fans in the concert due gross mishandling by you!

[Sakhee Mehta @sakhee191]

@halairporttrfps Please unclog the water. Daily commute on Varthur Road is taking 2 hours because of the extra diverted vehicles.

[JAI SHREE RAM SENA @officeofJsrs]

By 2050 there will be no Hindus left in Bangladesh. Systematic genocide happening right before our eyes.
#SaveBangladeshiHindus
@JAISHRIRAMSENA

[Sakhee Mehta @sakhee191]

@Harshs_ill @seanmmitchell @DirtyTesla Hahahahah

[Sakhee Mehta @sakhee191]

Senior Advocates who have already enjoyed the privileges that come with their designation have no locus standi to challenge the constitutionality of Section 16(2) of Advocates Act. In case a larger bench is set up to review the matter, "other advocates" views must be considered.

[Bar and Bench @barandbench]

[Senior Designations] Advocates Act introduced a "caste system", Section 16(2) violates Article 14: Fali Nariman

report by @meera_emmanuel
https://t.co/b176fNesVd