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What Are the Specific Provisions for Taxing Capital Gains Arising from the Sale of Assets in a Slump Sale Under Section 50B?

A slump sale is a method of business transfer in which the entire business or a part of it, including its assets and liabilities, is transferred to another entity for a lump sum consideration. This type of transaction is

Capital gains tax apply in cases where there is an acquisition of capital assets through an inheritance Section 49(1)? Complete Guide

The acquisition of capital assets through inheritance or bequest is a common event that has specific implications under capital gains tax rules. In India, the taxation of capital gains on inherited assets is governed by Section 49(1) of the

What is the Impact of the ‘Fair Market Value’ Method in Determining the Full Value of Consideration in Specific Cases Like the Transfer of Shares Under Section 50C?

When it comes to the transfer of assets, one of the critical components in calculating capital gains is the determination of the full value of consideration (FVC). In certain cases, such as the transfer of shares, the Fair Market

What Are the Specific Rules Under Section 50 for Calculating Capital Gains on the Transfer of Depreciable Assets? complete Guide

The transfer of depreciable assets triggers specific tax implications under the Income Tax Act, 1961. Depreciable assets are those assets on which depreciation is claimed as a deduction under Section 32 of the Act. These typically include assets like

What Are the Tax Implications for Capital Gains on the Transfer of Property Under a Conditional Sale Agreement?

The transfer of land or property is a significant event for any taxpayer, and understanding the capital gains tax implications is essential. In cases where land or property is subject to an option or conditional sale agreement, the calculation

How Section 10(37) Impacts Tax Relief on Compensation for Agricultural Land Acquisition: Complete Guide

The compulsory acquisition of agricultural land by the government or any other public authority is a significant event that may involve a compensation payment to the landowner. The tax implications of receiving compensation for the compulsory acquisition of agricultural

What You Need to Know About Capital Gains on Asset Transfers to Firms, AOPs, and LLPs Under Section 45(3)

The Income Tax Act, 1961 provides specific provisions to govern the taxation of capital gains arising from the transfer of capital assets. One of the situations where capital gains tax treatment becomes particularly important is when a capital asset

How does the taxation of capital gains apply when shares or securities are transferred as part of corporate actions like buybacks, stock splits, or amalgamations?

Corporate actions such as buybacks, stock splits, and amalgamations can have significant tax implications, particularly concerning capital gains taxation. These actions involve the transfer of shares or securities and may lead to capital gains for the shareholders or investors

What judicial decisions clarify the treatment of capital gains in cases involving the transfer of assets by way of gift, inheritance, or corporate restructuring?

The treatment of capital gains arising from the transfer of assets can be complex, especially in cases involving gifts, inheritance, or corporate restructuring such as mergers or demergers. The Income Tax Act, 1961 provides certain exemptions and deferrals under

What Are the complete Tax Rules for Capital Gains on the Transfer of Units of Equity-Linked (ELSS) Under Section 10(38)?

Equity-Linked Savings Schemes (ELSS) are a popular investment option in India, especially for those looking to save on taxes while potentially earning returns through equity exposure. ELSS funds are a type of mutual fund that primarily invests in equity

Author: CA HARSH GARG