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 due dates concerning various tax compliance for the September 2021 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 house for Rs. 50 Lakh in July 2012. The full 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 for Rs. 50 Lakh in July 2012. The full value 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 house for Rs. 50 Lakh in July 2012. The full 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 from the sale of a ‘capital asset’ is a capital 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 capital asset. Using the indexed cost of acquisition, the adjusted Read more…