capital gains
Capital Gains on Gifted Property Simplified !
Have you sold or thinking to sale the house or shares or any jewellery gifted by your father or any family relative…
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capital gains
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
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capital gains
Capital Gains on Sale of Property Still Exempt u/s 54 if It is Used to Pay Installment of Flat/House Booked Earlier !
Long term capital gains on sale of property is exempted from tax to the extent it is utilized to purchase another residential…
Business Income
No Depreciation Claimed on Business Asset ? No Application of Sec. 50 Then !
Under Income Tax Act , sale of a business asset on which depreciation is claimed is affected by the provision of section…
capital gains
2 Strategies to Tackle Scrutiny When Stamp Duty Valuation u/s 50C of Your Property is Much Higher Than Actual Value?
The stamp duty valuation of an immovable property is done by the state government and usually accepted by the parties to a…