Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. Taxpayers can also avoid heavy penalties and fines imposed by the government by filing their Income Tax returns on time. Here are some of the major...
Read moreA farmer wants to shift to another village for a certain reason and hence he sold his old agricultural land and from the sale proceeds, he purchased another agricultural land. In this case, the objective of the seller was not...
Read moreWe all know that on selling or transferring Capital Assets either long term or Short term, capital gains arise which are taxable in the hands of the taxpayer. Let’s understand with the help of an example Mr. Jorden purchased a...
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Section 193 deals with the provisions relating to TDS on interest on securities. Before going to the section lets understand what Interest on Securities means As per section 2(28B) of the Income Tax Act, “interest on securities” means any interest Read more…
We all know that on selling or transferring Capital Assets either long term or Short term, capital gains arise which are taxable in the hands of the taxpayer. Let’s understand with the help of an example Mr Jorden purchased Jewellery Read more…
We all know that on selling or transferring Capital Assets either long term or Short term, capital gains arise which are taxable in the hands of the taxpayer. Let’s understand with the help of an example Mr. Jorden purchased a Read more…
In this article we will learn about What is Capital Gain Definition of Capital Assets Short Term Capital Assets Long Term Capital Assets Capital Gain Exemptions Case Study FAQ What is Capital Gain ? Any profit or gain that arises Read more…
Example: Jorden bought a house in Aug 2005 for Rs 50 lakh, and sold the same in FY 2016-17 at Rs 1.8 crore. This property has been held for more than 3 years, this would be termed as a long-term Read more…
Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. Taxpayers can also avoid heavy penalties and fines imposed by the government by filing their Income Tax returns on time. Here are some of the Read more…
Goods and Services Tax (GST) is one of the greatest tax reforms introduced in India from 1st July 2017. It is a value-added tax levied i.e. tax is only paid on the value added during the process of manufacturing. Alternatively, Read more…