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What is the Procedure for Computing Capital Gains in Cases Involving Slump Sales Under Complete Section 50B?

Slump sale refers to the transfer of a business as a whole, including all its assets and liabilities, without assigning specific values to individual assets or liabilities. Section 50B of the Income Tax Act, 1961 deals with the computation

“New Holding Period Rules for Immovable Property: What You Need to Know About Capital Gains Tax”

The Finance Act plays a pivotal role in updating and amending various provisions under the Income Tax Act, 1961 to reflect current economic conditions, policy changes, and government priorities. One of the key areas impacted by amendments in the

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