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“Tax Complete Guide for Non-Speculative Income from Derivatives”

Introduction Derivatives trading has become a common form of investment, but its taxation often raises questions for traders. Under Section 43(5) of the Income Tax Act, 1961, derivatives transactions executed on recognized stock exchanges are classified as non-speculative transactions,

“Tax Complete Guide for Non-Speculative Income from Derivatives”

Introduction Speculative income refers to the profits or gains arising from speculative transactions. These are high-risk transactions, typically carried out without the intention of taking or giving delivery of goods or assets. The Income Tax Act, 1961, has specific

“How is Income from Sale of Converted Inventory Taxed?”

Introduction The taxation of income from the sale of converted inventory is governed by Section 45(2) of the Income Tax Act, 1961. When inventory is converted into a capital asset, the tax treatment involves two components: business income during

How is the Fair Market Value of Converted Inventory Determined?

Introduction When inventory is converted into a capital asset, determining its Fair Market Value (FMV) is crucial for accurate tax calculations. Under Section 45(2) of the Income Tax Act, 1961, FMV plays a pivotal role in calculating both business

Tax Calculate on Inventory to Capital Asset Conversion” Complete

"Tax Implications of Converting Inventory into a Capital Asset" Complete Guild" The conversion of inventory into a capital asset is a significant event in the realm of taxation. Under the Income Tax Act, 1961, this transaction has distinct tax

“How is Commercial Property Leasing Income Taxed? Full Guide”

Introduction Leasing commercial assets, such as machinery, office buildings, or retail spaces, is a common practice for businesses looking to generate income. The Income Tax Act, 1961, provides specific tax treatment for income earned from leasing commercial assets, but

“Understanding Tax on Rental Income from House Properties” A Complete Guidance

Introduction Rental income is a common source of income for many property owners. However, it is essential to understand the tax treatment of rental income under the Income Tax Act, 1961. While most rental income is taxed under the

Tax on Rental Income from Commercial Properties: Complete Guide”

Introduction Income earned from letting out commercial properties, such as office spaces, retail shops, or warehouses, is a common source of revenue. However, the taxation of this income depends on various factors, such as the nature of the property

What is the Treatment of Speculative Business Transactions? Complete Guidance

Introduction Speculative business transactions, often linked to financial markets and commodities trading, involve significant risk and uncertainty. These transactions are defined and treated uniquely under the Income Tax Act, 1961, which provides specific rules for their taxation under the

“Taxation of Business Perquisites Under Section 28(iv): A Complete Guide”

Introduction In business, it is common to receive non-monetary benefits or perquisites as part of commercial transactions or arrangements. These could include free goods, discounts, or the use of assets. The Income Tax Act, 1961, ensures that such benefits

Tag: business income

“Tax Complete Guide for Non-Speculative Income from Derivatives”

“Tax Complete Guide for Non-Speculative Income from Derivatives”

“How is Income from Sale of Converted Inventory Taxed?”

How is the Fair Market Value of Converted Inventory Determined?

Tax Calculate on Inventory to Capital Asset Conversion” Complete

“How is Commercial Property Leasing Income Taxed? Full Guide”

“Understanding Tax on Rental Income from House Properties” A Complete Guidance

Tax on Rental Income from Commercial Properties: Complete Guide”

What is the Treatment of Speculative Business Transactions? Complete Guidance

“Taxation of Business Perquisites Under Section 28(iv): A Complete Guide”

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