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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 Tax Relief is Available Under Section 54EC for Long-Term Capital Gains on the Sale of Specific Bonds and Securities?

Section 54EC of the Income Tax Act, 1961 provides tax relief for taxpayers who face long-term capital gains (LTCG) from the sale of assets like land, property, and securities. By reinvesting the gains in specified bonds, such as those

How is the Capital Gain on the Sale of Shares and Securities by Non-Residents Taxed Under Section 115E and Related Sections?

The taxation of capital gains arising from the sale of shares and securities by non-residents is governed by specific provisions under the Income Tax Act, 1961. Section 115E plays a key role in determining the tax treatment of capital

“How to Reduce Capital Gains Tax Using Exemptions from Sections 54, 54B, 54EC, and 54F”

Capital gains tax can be a significant liability for taxpayers, especially when they sell capital assets such as property, land, or securities. However, the Income Tax Act, 1961 provides various exemptions to help taxpayers reduce their tax burden. The