Capital Gain

50C, Special provision for full value of consideration in certain cases, 50CA for transfer of unlisted shares, section 50D

50C, Special provision for full value of consideration in certain cases If any person has trasfered land and building and stamp duty value is upto 105% of the FVC claimed by the assessee, in such case FVC shall be the consideration claimed by the assessee but if stamp duty value is more than 105% of …

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Exemption under Section 54EC Investment in certain bonds, Investment in units of mutual fund 54EE, other than Residential House 54F

Exemption on Capital Gain on Investment in certain bonds Section 54EC Section 54EC allows exemption to the assessee if capital gain arises due to transfer of Investment in certain bonds with some certain conditions. Assessee:- Exemption is allowed to all the assessee Assets:- The assessee can transfer any land or Building. Type of Capital Gain:-It …

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Section 54D Capital gain on Compulsory Acquisition of Land and Building to be charged in certain Cases

This section Exemption is available to all Assessee Firm, Where Capital Gain Has been arises due to Compulsory Acquisition of Land and Building forming part of an Industrial undertaking. Investment Time:-Assesse within a period of 3 year can invest the amount in land or building for the purpose of Indertaking within a period of three …

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Section 54B Exemption on Purchase of Agriculture Land under capital Gain

What is Capital Gain Exemption under Section 54B As per Section 54B only individual or a HUF can avail this exemption that mean Exemption 54B is not allowed to Firm, Company,Association of person or Body of Individual etc on transfer of Land which arises Long Term Capital Gain and Short Term Capital Gain. If any …

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Exemption under Capital Gain Section 54,Capital Gain Scheme

What is Capital Gain Scheme As per Section 54 only individual or a HUF can avail this exemption that mean Exemption 54 is not allowed to Firm, Company,Association of person or Body of Individual etc on transfer of property which arises Long Term Capital Gain. If any Person has transferred Capital Assets and Long Term …

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Capital Gain on Transfer of Shares Section 112A and 111A

Short Term and Long Term capital gain under shares are defined through the period of 12 months. If shares are sold before 12 month than it will attract Short Term Capital gain and Section 111A will attract. And If shares sold after the period of 12 month than Section 112A will attract Capital Gain. Capital …

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What are Capital Assets, Capital Gain on Depreciable Assets

What are Capital Assets? Capital assets are Jewelry, Building, Land, Patent, Painting, Drawing, Machinery, Trademark comes under the definition of Capital Assets. However some assets does not comes under Capital Assets which are as follows Personal Movable effect:-  Any  house hold item which are movable for e.g Fridge,T.v , Sofa, Personal Motor Car will not be …

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