Section 112 Applicability Section 112 applies to all types of taxpayers, such as individuals, HUF, company, firm, resident, non-resident (not a company), a foreign company, etc. Long-term assets are covered under Section…
Category: Capital Gain
Short Term Capital Gain Tax On Shares -Section 111A Insertion
Short term capital gain as under Section 111A Gains from equity shares listed on a recognised stock exchange having a holding period of less than 12 months are considered as short term…
Exempt Up to 1 Lakh on Long Term Capital Gain Shares-Sec 112A
Introduction to Section 112A Section 112A was inserted by the Finance Act 2018 to tax long-term capital gains from the sale of listed equity shares, units of equity-oriented mutual funds and units…
Section 54GB: Capital Gain Exemption Under Income Tax [New]
Applicability and Eligibility This section is applicable to both individual and HUF. Transfer of asset must Long Term Capital Asset and it must be residential house property i.e a house or a…
Section 54GA : Shifting Of Undertaking To SEZ [Amended]
Applicability and Eligibility Any taxpayer i.e. Individual, HUF, Company, LLP, Firm, etc can claim an exemption under Section 54GA of Income Tax Act. The asset which is transferred is Long Term Capital…
Section 54G: Shifting of Undertaking to Rural Area [Latest Added]
Applicability and Eligibility Any taxpayer i.e. Individual, HUF, Company, LLP, Firm, etc can claim an exemption under Section 54D of Income Tax Act. The asset which is transferred is Long Term Capital…
Sec 54D: Capital Gains Exemption on Compulsory Acquisition[New]
Applicability and Eligibility Any taxpayer i.e. Individual, HUF, Company, LLP, Firm, etc can claim an exemption under Section 54D of Income Tax Act. The asset which is transferred is Long Term Capital…
Section 50EC: Investment in Certain Bonds [Updated Section ]
Eligible Assessee This section is applicable to Individual or HUF Exemption is allowable for only on Long Term Capital Asset Exemption is applicable for transfer of land , building or both Bonds…
Sec 54F: Invested In Residential House Property [Newly Added]
Applicability & Eligible of Section 54F This section is applicable to Individual or HUF Exemption is allowable for only on Long Term Capital Asset Exemption is applicable for transfer of any capital…
Save Tax On Capital Gains On Sale of Agricultural Land [ Latest ]
Assessee This section is applicable to Individual or HUF Nature of Capital Asset Exemption is allowable for only on Long Term Capital Asset or Shorty Term Capital Asset Transfer of Asset Exemption…
Sec-54:Capital Gain Exemption On Sale Of House Property [NEW]
Capital Gains Exemption On Sale House Property Applicable Assessee This section is applicable to Individual or HUF. Nature of Capital Asset Exemption is allowable for only on Long Term Capital Asset. Exemption…
Analysis of Tax on Transfer of Slump Sale -Section 50B [ Amended]
Section 50B- Slump Sale Slump sale means assessee transfer the one or more undertaking / division for lumpsum consideration with out assigning value/ selling price of individual asset. Here cost of acquisition…
[Latest] Section 50C : Capital Gain On Sale Immovable Property
Section: 50C In case of land or building or both held as capital asset, if sales consideration less than Stamp Duty Value (assessed/ assessable by stamp valuation authority) then such Stamp Duty…
Section 45(1B)- Capital Gain Tax On ULIP’S [ Newly Amended ]
Section 45(1B)- Capital Gain On ULIP’S Where any person receives at any time during any previous year any amount , under a unit linked insurance premium issued on or after 01/02/2021, to…
Transfer Of Capital Asset Between Firm and Partner [Amended]
Transfer of capital asset between Firm and Partner Section 45(3) In this section capital gain is applicable in the hands of partner as it is treated as transfer . Fair value of…
