The Finance Act 2023 has introduced significant amendments to the provisions governing capital gains under the Income-tax Act, 1961. These changes impact a diverse range […]
Capital gains tax
Understanding Capital Gains Deduction: Insights from Madras HC on Section 48(i)
Capital gains tax is levied on profits arising from the transfer of a capital asset. The Income-tax Act provides various provisions for the computation of […]
Govt Not Bound to Issue Capital Gains Exemption Notification Under Section 54EE: High Court
Section 54EE of the Income Tax Act, 1961, was introduced to encourage taxpayers to invest the proceeds of long-term capital gains in specified assets, thereby […]
CBDT Sets CII at 348 for FY 2023-24: How It Changes Capital Gains Computation
The computation of long-term capital gains is one of the most critical aspects of income tax compliance for investors, businesses, and individuals who deal with […]
How to Calculate Capital Gains Tax under the Income-tax Act: A Practical Guide
Understanding capital gains is essential for every taxpayer, as these gains form a significant part of income computation whenever a capital asset is transferred. The […]
Finance Act 2024 Capital Gains Amendments: Impact on Investors and Taxpayers
The Finance (No. 2) Act, 2024 represents one of the most comprehensive reforms to the Indian framework of capital gains taxation in recent years. These […]
How to Claim Exemptions on Capital Gains from Sale of Commercial Property
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 Gains Tax Simplified: How to Compute and Claim Exemptions Legally
Capital gains arise when an individual or entity sells or transfers a capital asset for an amount higher than its original purchase cost. These gains […]
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 Gains in India: Meaning, Types, and Tax Rates
Capital gains in India are governed by a well-defined legal framework under the Income Tax Act, 1961. The essence of capital gains taxation lies in […]
Corporate Gifting and Tax Implications: Decoding the Amendment to Section 47(iii)
Capital gains taxation is a significant part of the Income Tax Act, 1961, falling under Chapter IV-E. Section 45(1) of the Act is the charging […]
Capital Gains Tax in India: A Complete Guide to Computation and Exemptions
Capital gains are chargeable to tax under the head “Capital Gains” when specific conditions are met. First, there must be the existence of a capital […]
A Guide to Capital Gains Under the Income-Tax Act and How to Compute Them
Any gain arising from the transfer of a capital asset during a previous year is chargeable to tax under the head “Capital Gains” in the […]
Do Nonresidents Owe Capital Gains Tax in the United States?
For nonresident aliens earning income from investments or selling property in the United States, understanding capital gains tax obligations is crucial. U.S. tax law is […]
Top Cryptocurrency Tax Calculator for Accurate Capital Gains Reporting
The rapid expansion of cryptocurrency markets has created new financial opportunities and new responsibilities. As more individuals and businesses engage with digital currencies like Bitcoin, […]