September 2023

(1)        Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance product. ULIPs offer individuals the opportunity to invest in various asset classes while providing life insurance coverage. However, when it comes to the maturity of a high premium ULIP, there are certain tax implications to consider. (2)        Under Section 45(1B) of the […]

(1)        In the world of business and taxation, there are various provisions and regulations that govern the treatment of capital assets and stock-in-trade. One such provision is section 45(2) of the Income Tax Act, which deals with the capital gain on the conversion of a capital asset into stock-in-trade. In this blog post, we will

Introduction In the world of business and finance, it is not uncommon for companies to convert their stock-in-trade into capital assets. This conversion can have significant implications for the company’s financial statements, tax liabilities, and overall profitability. One important aspect to consider in such conversions is the capital gain that may arise as a result.

Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic interest (coupons) during their term. Instead, they are issued at a discount to their face value and mature at face value. The gain or profit arising from the redemption or maturity of zero-coupon bonds is typically treated as a

Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from the transfer of a capital asset by a partner or member to a partnership firm (including an Association of Persons or Body of Individuals) as a capital contribution. Here’s an overview of this provision: Understanding Section 45(3)

(1)        When an asset is acquired by the government through the process of compulsory acquisition, it can have tax implications for the owner. One of the key considerations is the capital gain that may arise from such a transfer. In this blog post, we will explore the provisions under Section 45(5) of the Income Tax

(1)        When a company goes into liquidation, it is important to understand the implications it can have on the distribution of assets and any potential capital gains that may arise. Section 46 of the tax code specifically addresses this issue and provides guidance on how capital gains should be treated in such situations. (2)        Under

Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in real estate transactions, specifically for the sale of land or building or both. It is aimed at ensuring that the fair market value (FMV) of the property is appropriately considered for taxation, even if the actual sale

(1)        Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of the act specifically deals with the capital gains arising from the purchase of a company’s own shares or other specified securities. It is crucial for individuals and companies to understand the provisions of this section to ensure

Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents, understanding the implications of capital gain is crucial. Capital gain refers to the profit or gain that arises from the sale or transfer of a capital asset. In the case of non-residents, the provisions of Proviso 1 to Section