Short-Term Capital Gains - 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,

December 10, 2024December 10, 2024
CA HARSH GARG
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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 Specific Rules Under Section 50 for Calculating Capital Gains on the Transfer of Depreciable Assets? complete Guide

The transfer of depreciable assets triggers specific tax implications under the Income Tax Act, 1961. Depreciable assets are those assets on which depreciation is claimed as a deduction under Section 32 of the Act. These typically include assets like

What Are the Tax Implications for Capital Gains on the Transfer of Property Under a Conditional Sale Agreement?

The transfer of land or property is a significant event for any taxpayer, and understanding the capital gains tax implications is essential. In cases where land or property is subject to an option or conditional sale agreement, the calculation

How does the taxation of capital gains apply when shares or securities are transferred as part of corporate actions like buybacks, stock splits, or amalgamations?

Corporate actions such as buybacks, stock splits, and amalgamations can have significant tax implications, particularly concerning capital gains taxation. These actions involve the transfer of shares or securities and may lead to capital gains for the shareholders or investors

How does the complete tax treatment differ for gains arising from shares held as stock-in-trade vs. those held as capital assets for investment?

In the world of capital gains taxation, the treatment of gains arising from the sale of shares is influenced by whether those shares are classified as stock-in-trade or capital assets. This classification plays a significant role in determining the

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

How is the Holding Period for Capital Assets Determined When Assets Like Shares or Immovable Property Complete Are Acquired by Gift, Inheritance, or Succession Under Section 49(1)?

Under the Income Tax Act, 1961, the holding period of a capital asset plays a crucial role in determining whether a gain from its transfer is treated as short-term or long-term. The classification of capital gains as either short-term

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