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...
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...
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...
Presumably on your tax return, you account for your ‘notional distributions’ in the dividend tax section, while the accumulation fund’s gain is in the capital gains section. Notional distributions aren’t capital gain so don’t need to be accounted for there. ...
laim of exemption u/s 54 would be available on the investment made by you on the land provided you also construct a residential house within the time stipulated in the said section. You may also note that section 54 would require an investment in capital gain account scheme if the reinvestme...
the remaining equity interest could be taken into account if there was a change of intention from trading stock to capital assets after the dispute, provided that the deemed gain up to the date of change has been chargeable to tax and the 24-month holding period would ...
section, we distinguish between IVC and CVC investors. The interviewed IVC investors pursue mainly financial objectives, thus aiming at realizing a substantial capital gain by a successful and timely exit from the investment. In addition to financial objectives, the interviewed CVC investors pursue ...
Government bailouts have the same sort of effect at/near point of failure, whether they take the form of guarantees that are paid out in liquidation (eg South Canterbury Finance under the deposit guarantee scheme) or a government recapitalisation of a bank as a going concern (eg, in a New...