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)…
When it comes to the computation of capital gains, understanding the cost of acquisition is crucial. Section 49 of the Income Tax Act, 1961, provides clarity on how the cost…
Capital gains taxation is an essential component of the Income Tax Act, 1961, and its provisions can significantly impact individuals and businesses involved in the transfer of capital assets. Section…
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…
Capital gains taxation is a significant aspect of the Income Tax Act, particularly for individuals and entities engaged in the transfer of capital assets. Section 48 of the Income Tax…
The conversion of a private company or an unlisted public company into a Limited Liability Partnership (LLP) is a common strategy for businesses looking to benefit from the flexibility and…
When it comes to business reorganization, mergers, or demergers, one critical aspect that companies need to understand is the tax implications of transferring capital or intangible assets. Sections 47(xiii) and…
In the realm of corporate finance and taxation, understanding the nuances of capital gains is essential, especially when it involves transactions such as a company buying back its own shares.…
Capital gains tax is a crucial component of the Indian tax system, impacting investors, businesses, and individuals alike. Its history is both rich and complex, reflecting the dynamic nature of…
Capital gains taxation is a crucial aspect of financial planning, particularly for individuals and entities involved in the transfer of capital assets. The Income Tax Act of India provides detailed…