House Property If Self Occupied for more than one house, Income from Unoccupied, Business and Profession

Contents1 Income from one House Property which is self occupied2 Income if more than one House Property which are self occupied3 Income from Unoccupied House Section 23(2)(b)4 Income from House Property which is divided into Different Unit/Portion.5 Income from House Property used for own business/Profession.6 Composite Rent7 Letting out of building which is supplementary to …

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Calculation of House Property Income Lying Vacant 23(1)(c)

Contents1 House Property Income Lying Vacant for some period2 House Property Income Lying Vacant for Full Year3 As Per Section 23(5)4 Unrealized Rent Section 23(1)/Rule 45 Recovery of Unrealized Rent Section 25A House Property Income Lying Vacant for some period Whenever house is Letou some period and vacant for some period than expected rent shall …

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Income Chargeable under the Head the Head House Property.

Contents1 Format for calculation of Income from House Property.2 What is Gross Annual Value (GAV)3 What is Expected Rent4 What is Municipal Taxes.5 Deduction allowed under section 245.1 Standard Deduction/Statutory Deduction5.2 Interest on Borrowed Capital5.3  5.4   If income is earned by letting out House Property than Income shall be charged under the Head House …

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

Contents1 50C, Special provision for full value of consideration in certain cases2 50CA full value of consideration for transfer of unlisted shares3 Section 50D,  fair market value deemed to be Full value of consideration in certain cases. 50C, Special provision for full value of consideration in certain cases If any person has trasfered land and …

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

Contents1 Exemption on Capital Gain on Investment in certain bonds Section 54EC2 Exemption in case of Investment in units of Mutual Fund under section 54EE3 Exemption from capital gains on transfer of any capital assets other than a Residential House under section 54F  Exemption on Capital Gain on Investment in certain bonds Section 54EC Section …

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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

Contents1 What is Capital Gain Exemption under Section 54B2 Conditions of Claiming Exemption under Section 542.1 Cost of Acquisition In Case of Sale of New House2.1.1 Case 1:- If Cost of new Agriculture Land is less than capital gain Claimed.2.1.2 Case 2:- If Cost of new Agriculture Land is more than capital gain Claimed. What …

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Exemption under Capital Gain Section 54,Capital Gain Scheme

Contents1 What is Capital Gain Scheme2 Conditions of Claiming Exemption under Section 542.1 Cost of Acquisition In Case of Sale of New House2.1.1 Case 1:- If Cost of new house is less than capital gain Claimed.2.1.2 Case 2:- If Cost of new house is more than capital gain Claimed. What is Capital Gain Scheme As …

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IPO Definition, Objectives of IPO, Types of Investment in IPO

Contents1 What is an IPO?2 Objective of IPO3 Types of Investors in IPO What is an IPO? Initial Public Offering is the full form which means when the promoters of the company wants to raise additional funds/ capital for long term growth and expansion of the company, the companies comes out with it shares and …

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

Contents1 Cost of Acquisition for Shares2 Calculation of Short term and Long term Capital gain on Shares.3 Capital Gain on Depreciable assets4 Capital Gain for Insurance Claims5 Capital Gain in Conversion of Capital assets6 Capital Gain on Compulsory Acquisition.7 Capital Gain on Transfer of Land or Building under Specific Agreement. Short Term and Long Term …

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