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 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 […]
Low inflation means you pay more capital gains tax Prices rising at a slower rate should be good news. But not if you have earned long-term capital gains tax. The consistent decline in inflation in the past 3-4 years means that long-term capital gains hardly can be escape tax through indexation.
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 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.
Concept of Reverse Mortgage Concept of reverse mortgage is introduced recently in India, under the reverse mortgage scheme senior citizen who holds the house property, but lacks regular source of income can put his property under mortgage with bank
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 […]