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What are the tax implications for capital gains when an individual or entity transfers assets as part of a business or partnership dissolution?

The dissolution of a business or partnership can trigger several tax implications, especially with respect to capital gains. When assets are transferred during a business or partnership dissolution, the Income Tax Act, 1961 outlines specific provisions that affect the

How do the complete provisions under Section 47A affect the taxability of the capital gains in cases of reorganization the business entities, such as mergers or demergers?

The reorganization of business entities, such as mergers, demergers, amalgamations, and restructurings, is a common occurrence in the corporate world. These events can significantly impact the capital gains tax implications for the entities involved and their stakeholders. The Income

How does the complete tax treatment differ for gains arising from shares held as stock-in-trade vs. those held as capital assets for investment?

In the world of capital gains taxation, the treatment of gains arising from the sale of shares is influenced by whether those shares are classified as stock-in-trade or capital assets. This classification plays a significant role in determining the

What is the significance of “first-in-first-out” (FIFO) method for calculating the period of holding in the case of shares and securities transactions?

In the context of capital gains taxation, the period of holding plays a crucial role in determining whether the gain from the sale of an asset is classified as short-term capital gains (STCG) or long-term capital gains (LTCG). For

How is the Holding Period for Capital Assets Determined When Assets Like Shares or Immovable Property Complete Are Acquired by Gift, Inheritance, or Succession Under Section 49(1)?

Under the Income Tax Act, 1961, the holding period of a capital asset plays a crucial role in determining whether a gain from its transfer is treated as short-term or long-term. The classification of capital gains as either short-term

What are the legal interpretations of “personal effects” and how do they impact capital gains taxation as per Section 2(14)?

Section 2(14) of the Income Tax Act, 1961 defines "capital asset" and provides an important classification for capital gains taxation. Among the assets that are excluded from the term "capital asset" are personal effects. This exclusion plays a significant

What are the complete tax implications regarding capital gains on the one transfer of assets in special circumstances such as shifting of industrial undertakings to Special Economic Zones (SEZs)?

The transfer of assets in specific circumstances, such as the shifting of industrial undertakings to Special Economic Zones (SEZs), brings unique tax implications. Special Economic Zones are designated areas within a country that are treated differently from other regions

Author: CA HARSH GARG

What are the tax implications for capital gains when an individual or entity transfers assets as part of a business or partnership dissolution?

How do the complete provisions under Section 47A affect the taxability of the capital gains in cases of reorganization the business entities, such as mergers or demergers?

How does the complete tax treatment differ for gains arising from shares held as stock-in-trade vs. those held as capital assets for investment?

What is the significance of “first-in-first-out” (FIFO) method for calculating the period of holding in the case of shares and securities transactions?

How is the Holding Period for Capital Assets Determined When Assets Like Shares or Immovable Property Complete Are Acquired by Gift, Inheritance, or Succession Under Section 49(1)?

What are the legal interpretations of “personal effects” and how do they impact capital gains taxation as per Section 2(14)?

What are the complete tax implications regarding capital gains on the one transfer of assets in special circumstances such as shifting of industrial undertakings to Special Economic Zones (SEZs)?

“How to Calculate Capital Gains from Compulsory Acquisition of Land and Buildings Under Section 45(5A)”

“What You Need to Know About Capital Gains Tax on Asset Transfers in Liquidation Under Section 47”

What is the Procedure for Computing Capital Gains in Cases Involving Slump Sales Under Complete Section 50B?

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Author: CA HARSH GARG

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