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

Section 45(5A) of the Income Tax Act, 1961 deals with the taxation of capital gains arising from the transfer of certain land and buildings, particularly in cases where the land or building is transferred under a compulsory acquisition scenario.

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

Section 47 of the Income Tax Act, 1961 provides specific provisions regarding the tax treatment of capital gains arising from the transfer of assets during the liquidation of a company or a firm. The liquidation process often involves the