Cost of acquisition, as defined in Section 55(2) of the Income Tax Act, 1961, refers to the cost incurred by an individual or entity in acquiring an asset. This cost includes the purchase price, as […]
What is Cost of Acquisition in Capital gains as per Income Tax Act, 1961? View Full Article »
Income Tax on Sale of Shares : Section 112A provides that notwithstanding anything contained in section 112, a concessional rate of tax @10% will be leviable on the long-term capital gains exceeding Rs. 1,00,000 on
Long Term Capital Gain Tax on Sale of Shares – Section 112A View Full Article »
Section 54 F : Exemption of Capital gains in cases of investment in residential house Exemption under Section 54F of the Income Tax Act, 1961, the long term capital gains earned by selling a capital
Exemption under section 54F and 54EC View Full Article »
Section 45 provides that any profits or gains arising from the transfer of a capitalasset effected in the previous year will be chargeable to income-tax under the head ‘Capital Gains’. Such capital gains will be
How to Calculate Capital Gains? View Full Article »
Capital gain tax on Sale of Residential Property : Section 54 of Income Tax Act gives relief to a taxpayer (Individual or HUF) who sells his residential property and from the sale proceeds he acquires
How to Save Capital Gain Tax on Sale of Residential Property? View Full Article »
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