The gain arising from the transfer of property attracts capital gains tax. Since you have held this property for more than 24 months, the resultant gain is taxable at the rate of 20.60% (plus applicable surcharge) as a long-term capital gain (LTCG). The tax liability will be calculated as...
Capital gains on transfer of shares in Indian company by Mauritius Company holding valid TRC is not chargeable to tax under the India-Mauritius tax treatyThe taxation of cross-border transaction involving transfer of shares of an Indian company and the applicability of India-Mauritius tax treaty on...
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...
The conditions under which an individual can incur tax exemption on the long-term gains earned from the sale of a property are listed below If the new residential property is bought a year before the sale of the current property. If the new house is bought within 2 years of the sale of...
Financial investment in debt-oriented funds is thought about long term if held for a minimum of 3 years, while stationary residential or commercial property such as land requires to be held for a minimum of 2 years to be categorised as long-lasting, and gains are taxed at 20%....
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...
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Basic rate taxpayers currently pay 10% on capital gains or 18% on residential property and carried interest (a share of a fund's profits to which a fund manager is entitled). For higher and additional rate taxpayers - those paying income tax at 40p...
capital gains taxN→impuestomsobre lasplusvalías capital goodsNPL→bienesmpldeequipo capital growthN→aumentomdelcapital capital investmentN→inversiónfdecapital capital levyN→impuestomsobre elcapital capital offence, capital offense(US)N→delitomcapital ...
In contrast, other types of capitals, as conceptualized by Bourdieu, have a socio-economic foundation, with gains (profit and wealth) being realized in the relatively short term as key characteristics. In a sociological perspective, it is important to consider how capital is created and ...