The sale of shares in a business or company by a partner or member can give rise to capital gains tax under the provisions of Section 45(4) of the Income Tax Act, 1961. Section 45(4) specifically addresses the tax
In India, the government has introduced various schemes to encourage investment, savings, and economic growth. One such initiative is the Gold Monetisation Scheme (GMS), which allows individuals to deposit their gold with designated banks in exchange for interest or
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
The relocation of industries and the establishment of new manufacturing facilities are essential for promoting industrial growth and economic development. To incentivize such activities, the Income Tax Act, 1961 provides tax exemptions under specific sections, such as Section 54GA,
When an individual sells a capital asset, such as a residential property, the capital gains tax liability arises on the difference between the sale price and the cost of acquisition. However, the Income Tax Act, 1961 provides relief to
Under the Income Tax Act, 1961, the government offers relief from capital gains tax through various provisions to encourage investment in specific sectors and promote economic growth. One such provision is Section 54EE, which allows individuals and Hindu Undivided
When an individual acquires property through gifts or inheritance, the cost of acquisition and improvement for capital gains tax purposes is calculated differently than for properties purchased directly. This is governed by the provisions under Section 55 of the
When an asset, such as land or a building, is sold in parts, such as a land parcel divided into multiple plots or a building sold floor-by-floor, the capital gains tax treatment can become more complex. Unlike a simple
A joint venture (JV) agreement or a similar contractual arrangement is a business partnership where two or more parties agree to pool their resources, assets, or expertise to undertake a specific project. Joint ventures often involve the transfer of
Corporate restructuring, including mergers, demergers, and the transfer of shares, are common business processes that help companies optimize operations, reduce costs, and increase value. However, such transactions often involve the transfer of significant assets, which can lead to complex
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