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 […]

Capital gain on transfer of shares

Capital gain on transfer of shares Capital gains taxation ever has been an important matter for the attention of the Finance Minister in Budget, so this year not being an exception. Friends today’s write-up I am going to include the taxation of LONG TERM CAPITAL GAIN (LTCG) arising from a sale of listed shares and […]

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 […]

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 […]