Real estate has always played a central role in wealth creation in India. Even before modern investment tools like mutual funds and equities became popular, […]
Capital assets
Understanding Capital Assets Under Capital Gains Tax: Definitions and Case Law Analysis
Section 2(14) defines “capital asset” as any property of any kind held by the assessee, whether or not connected with business or profession, with certain expressly […]
Understanding Capital Assets Under Section 2(14) of the Income Tax Act
Section 45 of the Indian Income Tax Act is a key provision dealing with the taxation of capital gains arising from the transfer of capital […]