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“How to Handle Taxes on Bonus Shares and Share Buybacks”

Bonus shares and share buybacks are unique methods of rewarding shareholders. Under the Income Tax Act, 1961, these transactions are subject to specific tax treatments to ensure compliance and fairness. While bonus shares represent additional shares issued to shareholders,

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,

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 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 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

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 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

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

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