#capital gains taxation

Read more about the article Understanding Section 55 of the Income Tax Act: A Comprehensive Guide to Cost of Acquisition and Cost of Improvement

Understanding Section 55 of the Income Tax Act: A Comprehensive Guide to Cost of Acquisition and Cost of Improvement

When it comes to computing capital gains under the Income Tax Act, one of the most crucial aspects to consider is the determination of the "cost of acquisition" and the…

Continue ReadingUnderstanding Section 55 of the Income Tax Act: A Comprehensive Guide to Cost of Acquisition and Cost of Improvement
Read more about the article Understanding Section 55 of the Income Tax Act: A Comprehensive Guide to “Adjusted,” “Cost of Improvement,” and “Cost of Acquisition”

Understanding Section 55 of the Income Tax Act: A Comprehensive Guide to “Adjusted,” “Cost of Improvement,” and “Cost of Acquisition”

When it comes to computing capital gains under the Income Tax Act, understanding the key terms such as "adjusted," "cost of improvement," and "cost of acquisition" is essential. Section 55…

Continue ReadingUnderstanding Section 55 of the Income Tax Act: A Comprehensive Guide to “Adjusted,” “Cost of Improvement,” and “Cost of Acquisition”
Read more about the article Understanding Section 55A of the Income Tax Act: Reference to Valuation Officer for Fair Market Value Assessment

Understanding Section 55A of the Income Tax Act: Reference to Valuation Officer for Fair Market Value Assessment

In the complex world of taxation, the valuation of assets plays a crucial role in determining the tax liabilities of individuals and businesses. Section 55A of the Income Tax Act,…

Continue ReadingUnderstanding Section 55A of the Income Tax Act: Reference to Valuation Officer for Fair Market Value Assessment