How to show Long Term Capital Gains on sale of House in ITR Long term Capital Gains of Debt Mutual Funds: Tax and ITR Short Term Capital Gains of Debt Mutual Funds,Tax, ITR Budget 2018: Long Term Capital Gain on Stocks & Equity Mutual Funds Reply GS I purchased a Property in 1995 –...
Capital Gain Tax on Property Capital GainTax on propertyis charged by the government on the profit made from the sale of a property. If the property is sold before three years, the capital gain earned on it is called short-term gains. If the property is sold after 3 years the gains are...
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...
Indirect tax reform is also on the Australian Government's agenda. Presently, Australian goods and services tax (GST) and customs duty does not apply to goods that are imported via parcel post and which have a value of less than A$1,000. The Government has announced that this threshol...
economy. A general result is that standard models of exogenous and endogenous growth overestimate the growth effect and underestimate the welfare gain from tax reform.doi:10.1016/S0165-1889(03)00036-8Holger StrulikElsevier B.V.Quantitative Macroeconomics Working Papers...
An equity share seller can realise a long-term capital gain (LTCG) or a long-term capital loss (LTCL) depending on the conditions of the sale of the equity shares. To avoid paying income tax in the long term on the profits, analyse its stock investments before the introduction of Budget...
Note: for the purpose of computation of Capital gain, Cost of Acquisition of such converted Capital Asset would be considered that was the Cost of Acquisition of Stock-in-trade. Kikabhai Premchand (Sir) Vs. CIT (1953) 24 ITR 506(SC); it was held by the Apex Court that on the da...
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Capital Gain/Loss from a House:Is the capital gain or Loss one earns when one sells the house. It can be short term capital gain/loss(when sold within 3 years) and long term capital gain/loss( when sold after 3 years). If sold after three years then calculation is done usingCost Inf...
How to file ITR Income Tax Return, Process, Income Tax Notices Basics of Capital Gain, Cost Inflation Index, Indexation and Long Term Capital Gains How to Calculate Capital gain on Sale of House? Fair Market Value: Calculating Capital Gain for property purchased before 2001 Advance Tax: De...