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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 Specific Provisions for Taxing Capital Gains Arising from the Sale of Assets in a Slump Sale Under Section 50B?

A slump sale is a method of business transfer in which the entire business or a part of it, including its assets and liabilities, is transferred to another entity for a lump sum consideration. This type of transaction is

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

What Are the complete Tax Rules for Capital Gains on the Transfer of Units of Equity-Linked (ELSS) Under Section 10(38)?

Equity-Linked Savings Schemes (ELSS) are a popular investment option in India, especially for those looking to save on taxes while potentially earning returns through equity exposure. ELSS funds are a type of mutual fund that primarily invests in equity

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

What are the legal interpretations of “personal effects” and how do they impact capital gains taxation as per Section 2(14)?

Section 2(14) of the Income Tax Act, 1961 defines "capital asset" and provides an important classification for capital gains taxation. Among the assets that are excluded from the term "capital asset" are personal effects. This exclusion plays a significant

“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 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

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