Tag Archives: Capital Gain Tax

Save Capital gains tax on selling a shop

Save Capital gains tax on selling a shop I recently sold my shop and made capital gains of Rs 33 lakh. How can I save tax on these gains? You will need to pay tax on short-term capital gains at the applicable slab rate,unless you have any capital losses to adjust.If the shop was held […]

How to calculate capital gains

How to calculate capital gains Calculation of capital gains can be a complex and challenging mission relying on the nature and the number of transactions undertaken by the assessee in a financial year. It is always suggested to take the advice from an professional like a chartered accountant for the same. However, Assessee can also […]

Section 115-UB Tax on income of investment fund and its unit holders

Section 115-UB Tax on income of investment fund and its unit holders Introduction & Its Applicability: Section 115-UB of Income Tax Act, 1961 shall be inserted by the Finance Act, 2015, and is applicable w.e.f. 01-04-2016.

How determine cost of Acquisition of Self Generated Assets

How determine cost of Acquisition of Self Generated Assets B.C.Srinivasa Setty (SC) The cost of acquisition of a self generated asset is not determinate, Therefore, capital gains not possible to be computed when a self generated asset is transferred.Hence ,no capital gains will arise on the sale of self generated asset.The amount received will be […]