Under Income Tax Act , sale of a business asset on which depreciation is claimed is affected by the provision of section 50 of the I.T.Act that provides that the…
capital gains
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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
The stamp duty valuation of an immovable property is done by the state government and usually accepted by the parties to a sale transactions. But the impact of stamp duty…
Stock Appreciation Right (SAR) are part of various kinds of stock options used by companies to incentivize and keep the employee with them. In case of Stock Appreciation Right (SAR)…
Period of holding of a capital asset is very important step in determination of liability of capital gains. If you are holding shares or mutual fund units or other securities…
When a flat owner desires or sells the flat , the one question which perplex him and his tax adviser is the counting of period of holding of the flat…