Introduction to Short-Term Capital Gains (STCG) The concept of short-term capital gains (STCG) has become a pivotal aspect of the Indian Income Tax Act, especially after its introduction by the…
Capital gains taxation is a crucial part of the Indian Income Tax Act, which dictates how profits from the sale of assets are taxed. Among these, short-term capital assets have…
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…
Investors in the stock market often experience capital gains from the sale of shares or units of mutual funds. While long-term capital gains enjoy preferential tax treatment under the Income…
Introduction The Finance Act, 2023, introduced a significant amendment to the Income Tax Act by inserting Section 50AA, effective from April 1, 2024. This section brings special provisions for the…
What Was Section 48(2) of the Income Tax Act? Section 48(2) of the Income Tax Act was a provision that allowed taxpayers to claim specific deductions from their long-term capital…