If one is unable to buy the benefit Before due date of filing of Income Tax Returns for that yearonehas to open a Capital Gains scheme account with any scheduled bankin order to convince the government that he intends to invest the so earned capital gain in some array but needs some more...
If you do not want to buy another property then you can save capital gain tax by investing in Capital Gains Account Scheme, 1988 before the date of tax filing or 1 year from the date of sale, whichever is earlier. How to save the LTCG on Asset other than property by buying property?
De-jargoned | Capital Gain Account SchemeBySaurabh Kumar
Use Capital Gain Accounts Scheme for unused moneyRaghunath Rao
Bed and spouse– This is the ever-romantic finance industry’s term for keeping an asset in the family. You sell the asset and encourage your spouse or civil partner to purchase it in their own account. Your gain is defused and your significant other starts afresh with the same asset. Thi...
Capital Gains Tax is charged when you sell or dispose of an asset which has grown in value and you have made a profit from the sale. Here we look at how
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To ensure construct validity and account for retrospective bias, we triangulated the information provided by entrepreneurs using diverse information sources (Gibbert et al.,2008). First, we conducted 4 additional interviews with VC investors. In three cases out of four, investors had directly invested...
Specifically, one area the Bank has greatly improved on in the final document is that it now takes explicit account of the fact that higher bank capital ratios will result in materially higher total dollar profits accruing to foreign shareholders in banks. This had been an omission Ian Harrison...
You may also note that section 54 would require an investment in capital gain account scheme if the reinvestment is not made before the time stipulated in filing the return u/s 139(1). If you are using your entire sale proceeds to buy a house property you may end up paying no tax on...