De-jargoned | Capital Gain Account SchemeBySaurabh Kumar
Use Capital Gain Accounts Scheme for unused moneyRaghunath Rao
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...
Define Capital investment. Capital investment synonyms, Capital investment pronunciation, Capital investment translation, English dictionary definition of Capital investment. n. 1. Funds spent for the acquisition of a long-term asset. 2. An amount of mon
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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...
Capital gains can also be invested in Capital Gains Account Scheme to claim exemption from the tax. The money invested in this scheme is locked away for a certain period as determined by the bank. Agriculture land is not considered as a capital asset and thus no tax is levied on its sale...
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This includes selling shares or securities in a business in which you have a minimum of 5% shares or voting rates, any assets that you lent to your company, shares you got after 5 April 2013 through the Enterprise Management Incentive (EMI) scheme, or if you dispose of all of your busine...
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...