Long-term capital gains (LTCG) taxation has undergone several changes over the years in India. Section 112A of the Income Tax Act, introduced in the Finance Act 2018, specifies the tax…
Section 112A(2) of the Income Tax Act governs the calculation of tax payable on long-term capital gains (LTCG) arising from the transfer of certain equity-related investments. This provision specifically outlines…
Long-term capital gains (LTCG) arising from the sale of specific assets like equity shares and units of mutual funds have always been an essential part of the tax landscape in…
Long-term capital gains (LTCG) taxation is a critical area of interest for both residents and non-residents investing in various capital assets. Section 112 of the Income Tax Act, 1961, provides…
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…
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…
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,…
Section 50D of the Income Tax Act, 1961, addresses situations where the consideration for transferring a capital asset is unascertainable or cannot be determined. This provision ensures fair and consistent…
Capital gains are a crucial aspect of income tax that every taxpayer should understand, particularly when dealing with the transfer of property. Section 48 of the Income Tax Act provides…
When dealing with capital gains under the Income Tax Act, understanding the nuances of cost acquisition is crucial, especially in special scenarios involving company transfers, amalgamations, and demergers. Section 49(3)…