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Capital gains are chargeable to tax under section 45 of the Income Tax Act when a capital asset is transferred . The word “Capital Asset ” and the word “transfer” are defined under section 2 of the Income Tax Act
Have you sold or thinking to sale the house or shares or any jewellery gifted [...]
Section 45(2) of the Income Tax Act cover a case of conversion of investments to [...]
Are you thinking that there is some error in the headline ? or Maybe thinking that [...]
In keeping woth the promise of the government which set up the Tax Simplifcation Comittee [...]
Section 54 of the Income Tax Act provides that if the long term capital gains on [...]
Long term capital gains on sale of property is exempted from tax to the extent [...]
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