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…
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…