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...
These assets include land and house property, shares and stocks, bonds and debentures, mutual funds, and trademarks.How To Use Scripbox’s Capital Gain Tax Calculator?The capital gain tax calculator helps you calculate the tax payable on the below-mentioned assets:...
The resultant LTCG could be claimed exempt from tax if the gain is re-invested in a specified manner. One such reinvestment that qualifies for the exemption is the purchase of government-notified bonds (to the extent of the LTCG) within 6 months from the sale of the property). You need t...
To enjoy the tax exemption benefits from the LTCG, there are certain conditions to meet by the investor u/s 54EC: The investment amount should be derived from the capital gains from the sale of property. Capital gain bond investment is limited up to ₹50,00,000. If the capital gain is...
Noun1.capital gains tax- a tax on capital gains; "he avoided the capital gains tax by short selling" revenue enhancement,tax,taxation- charge against a citizen's person or property or activity for the support of government Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Prin...
Noun1.capital gains tax- a tax on capital gains; "he avoided the capital gains tax by short selling" revenue enhancement,tax,taxation- charge against a citizen's person or property or activity for the support of government Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Prin...
( 15,00,000) . Under the Indian Income Tax Act profit/loss sale of asset such as bonds, shares, mutual fund units, property come under the category ofCapital Gains.As he owned the house for more than 3 years, he can useCost Inflation Indexation(CII)to include the impact of the ...
Tax on Dividend Distribution, Agency Problem and Firm Value – Unique Indian Perspective In India dividend and long term capital gain arising from sale of shares are not taxable in the hands of the shareholders, rather the firms paying dividend......
capital gain on dividends, interests and royalties. It points out that, if an entity’s main purpose is to enjoy the DTA’s preferential tax policy, then it might be ineligible, and the Chinese side could use the domestic General Anti-Avoidance Rule (...
* Since, the taxpayer had entered into the agreement, given Power of Attorney and received the full sale consideration from the purchaser company, the transfer of share was complete by virtue of Section 2(47) of the Act.KPMG IN INDIA