Guest Filing on the appropriate ITR form relevant to accounting of the capital gains is the answer to your question. You may better take help of some CA to file your ITR on correct form. However, if you don't want to properly account for your transaction that is outlook and at your own...
54EC. This investment should be done within six months period. A maximum amount of Rupees 50 Lakhs can be invested in these bonds. Though guaranteed rate can be earned on the investment, it will not be redeemable before 3 years. This investment is not available for short term gain assets....
If Tax on Long Term Capital Gain/Short Term Capital Gain is more than 10,000 in the financial year,one needs to payAdvance Tax using Challan 280. If you don’t pay Advance Tax you would pay a penalty. Our articleAdvance Tax: Details-What, How, Whyexplains it in detail. One needs to...
ITR and Long Term Capital Gain If an individual has made capital gains during the year, he needs to fill ITR Form 2, as Form 1 is only for income from salary/pension, one house property and other incomes (excluding from lottery).ITR Form 2, on the other hand, is for declaring income...
Nicolas Duboille and Alexia Dal Ponte of Sumerson analyse recent case law concerning the application of the French capital gain tax applicable to non-resident entities on the transfer of a significant shareholding in a French entity. When enacted in 1978, Articl...
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purchaser or a creditor can apply to the ATO to reduce the amount of withholding from the usual 10% rate. The rate can potentially be varied to nil. Examples of circumstances where such applications can be made include where: the vendor will not derive a capital gain from the sale, ...
SECTION 45(2) OF THE INCOME TAX ACT,1961 Provides that when the Capital Asset is converted into Stock-in-Trade by an assessee, the profits or gains arising on such conversion shall be charged to tax as Capital Gain in the year in which such Stock-in-Trade is sold or otherwise transfe...
2,30,000 (As short term capital gain is considered as the normal income and will be added to the taxable income) If in Assessment Year 2012-13, the assessee has income under Salaries of Rs. 2,50,000, Long term Capital Gains on Sale of Share of Rs. 50,000 and no income under any...
Fair Market Value: Calculating Capital Gain for property purchased before 2001 Advance Tax: Details-What, How, Why Cost Inflation Index Up to FY 2016-17 and New Cost Inflation Index from FY 2017-18 How to show Long Term Capital Gains on sale of House in ITR Long term Capital Gains of ...