Nimisha Panda4 days ago8 minCapital 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 minIncome 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 minIncome 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...
Rashmita ChoudharySep 910 minIncome Tax DepartmentAgricultural Land: Treatment of Tax on Sale and Capital GainsIndia's economy is based mostly on agriculture, and the country’s agricultural land plays a key role in its growth. The industry employs...
Bhavika RajputJul 3010 minIncome 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 minIncome 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...
Rajesh Kumar KarJul 31, 20238 minIncome 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...