Indrajeet SharmaNov 510 min readIncome Tax DepartmentCapital Gains Tax on Sale of Inherited Property: How to Calculate It?The taxes imposed on the sale of inherited property differ significantly from those imposed on the sale of property acquired through the...
Nimisha PandaOct 108 min readCapital gain taxSection 45 of the Income Tax Act: Understanding the Tax Treatment of Capital GainsThe fundamental law that controls income taxation in India is the Income Tax Act. It offers the framework legally necessary for the...
Rashmita ChoudharySep 198 min readIncome Tax DepartmentDividend Distribution Tax: A Detailed OverviewA dividend is an amount that a business distributes to its shareholders from the profits it makes that specific year. In the hands of the...
Indrajeet SharmaSep 1811 min readIncome Tax DepartmentCapital Gains Account Scheme (CGAS): A Detailed OverviewSelling a capital asset results in capital gains. A capital gain is the sum of money you get on the sale of a capital asset. The Capital...
Bhavika RajputJul 3010 min readIncome Tax DepartmentSection 54EC: Deduction on LTCG Through Capital Gain BondsWhen it comes to managing taxes on long-term capital gains (LTCG), especially from the sale of assets like land or buildings, the Income...
Rashmita ChoudharyJul 1713 min readIncome Tax DepartmentSection 112A of income tax act: Tax Treatment of Long-Term Capital Gains (LTCG) on SharesCapital gains are the proceeds from the sale or transfer of any kind of asset, moveable or immovable. These resources are referred to as...
Dipali WaghmodeJun 1320 min readIncome Tax DepartmentSection 54F of Income Tax Act: Investing Capital Gains Multiple Times for Buying a New Residential House PropertySection 54F of the Income Tax Act opens up an important possibility for those taxpayers who wish to invest their capital gains in...
Rajesh Kumar KarJul 31, 20238 min readIncome TaxUnderstanding the Cost Inflation Index and Its Related AnnouncementsIn a recent announcement, the Central Board of Direct Taxes (CBDT) declared that the 'Cost Inflation Index (CII)' for the Financial Year...