A Keyman Insurance Policy is a life insurance policy taken by an organization on the life of its key employee(s). The objective is to safeguard the business against financial losses arising from the untimely demise or incapacity of the
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
When it comes to the transfer of assets, one of the critical components in calculating capital gains is the determination of the full value of consideration (FVC). In certain cases, such as the transfer of shares, the Fair Market
When an individual sells a capital asset, such as a residential property, the capital gains tax liability arises on the difference between the sale price and the cost of acquisition. However, the Income Tax Act, 1961 provides relief to
When an asset, such as land or a building, is sold in parts, such as a land parcel divided into multiple plots or a building sold floor-by-floor, the capital gains tax treatment can become more complex. Unlike a simple
A joint venture (JV) agreement or a similar contractual arrangement is a business partnership where two or more parties agree to pool their resources, assets, or expertise to undertake a specific project. Joint ventures often involve the transfer of
Corporate restructuring, including mergers, demergers, and the transfer of shares, are common business processes that help companies optimize operations, reduce costs, and increase value. However, such transactions often involve the transfer of significant assets, which can lead to complex
The acquisition of capital assets through inheritance or bequest is a common event that has specific implications under capital gains tax rules. In India, the taxation of capital gains on inherited assets is governed by Section 49(1) of the
When it comes to the transfer of assets, one of the critical components in calculating capital gains is the determination of the full value of consideration (FVC). In certain cases, such as the transfer of shares, the Fair Market
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
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