Capital Gain - My Tax Support

What Are the Special Rules for Calculating Capital Gains on the Sale of Depreciable Assets Under Section 50?

The transfer of capital assets as part of a business operation often involves complex tax implications. When a capital asset is transferred to a recognized stock exchange or a financial institution, particularly as part of an ongoing business operation,

What Are the Exemptions for Capital Gains on the Sale of Agricultural Land Under Section 54B?

In the realm of capital gains taxation, one important aspect that taxpayers often seek to leverage is the ability to offset capital losses against capital gains in the same financial year. This process, known as set-off, can help reduce

How Are Capital Gains on the Sale of Foreign Securities and Assets Taxed for Non-Residents, and Are There Any Exemptions Available Under the Double Taxation Avoidance Agreements (DTAA)?

The taxation of capital gains arising from the sale of foreign securities and assets for non-residents is governed by various provisions of the Income Tax Act, 1961, as well as international tax agreements, including Double Taxation Avoidance Agreements (DTAA).

How Does Capital Gains Tax Apply to the Sale of Property in a Corporate Group Restructuring?

The sale of shares in a mutual fund or business trust can give rise to capital gains, which are subject to taxation. Both mutual funds and business trusts are popular investment vehicles, and understanding how capital gains tax applies

What Are the Exemption Provisions for Capital Gains on the Sale of Residential Property Under Section 54?

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

What Are the Rules for Taxation of Capital Gains on the Sale of Unlisted Shares Under Section 50CA?

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

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

Tax Exemptions U/S 54GA and 54GB for Capital Gains from Relocation of Industries and New Manufacturing Facilities”

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,

What tax implications arise when the proceeds from the sale of a capital asset are reinvested in multiple residential properties instead of one under Section 54?

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

Section 54EE Tax Relief: How to Benefit from Capital Gains Exemption on Investments

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

Category: Capital Gain