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Income Tax Management

Complete Tax Solutions for Students, Teachers, Salaried, Professional, Executives & Businessman

Computation of Capital Gains [Section 45(1B)
[Section 45(1B)]: Capital Gain in case of Profits or Gains arising from receipt of the amount on Maturity of High Premium Unit Linked Insurance Policy (ULIP)
(1)        Unit Linked Insurance Policies (ULIPs) have gained popularity as a dual investment-cum-insurance...
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Computation of Capital Gains [Section 45(2)
[Section 45(2)] : Capital Gain on Conversion of Capital Asset into Stock-in-Trade
(1)        In the world of business and taxation, there are various provisions and regulations that govern...
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Computation of Capital Gains [Section 28(via)
Capital Gain on Conversion of Stock-in-Trade into Capital Asset [Section 28(via)]
Introduction In the world of business and finance, it is not uncommon for companies to convert their...
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Capital Gain in case of Zero-Coupon Bonds on its Maturity and Redemption
Zero-coupon bonds, also known as deep discount bonds, are fixed-income securities that do not pay periodic...
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Computation of Capital Gains [Section 45(3)
[Section 45(3)] : Capital Gain on Transfer of Capital Asset by a Partner/Member to a Firm/AOP/BOI as Capital Contribution
Section 45(3) of the Indian Income Tax Act, 1961, deals with the taxation of capital gains arising from...
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Computation of Capital Gains [Section 45(5)
[Section 45(5)] : Capital Gain on Transfer by way of Compulsory Acquisition of an Asset
(1)        When an asset is acquired by the government through the process of compulsory acquisition,...
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Computation of Capital Gains [Section 46]
[Section 46] : Capital Gains on Distribution of Assets by Companies in Liquidation
(1)        When a company goes into liquidation, it is important to understand the implications it can...
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Computation of Capital Gains [Section 50C]
[Section 50C] : Computation of Capital Gains in Real Estate Transactions
Section 50C of the Indian Income Tax Act, 1961, is applicable to the computation of capital gains in...
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Computation of Capital Gains [Section 46A]
[Section 46A] : Capital Gains on Purchase by Company of its Own Shares or Other Specified Securities
(1)        Capital gains tax is an important aspect of the Indian Income Tax Act, 1961. Section 46A of...
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Capital Gains on Transfer of Shares-Debentures by NRI
Capital Gain in the case of Transfer of Shares/Debentures by Non-Residents (Proviso 1 to Section 4 and Rule 115A)
Understanding of Capital Gain When it comes to the transfer of shares or debentures by non-residents,...
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Exemption of Long-term Capital Gains Tax under Section 115F
[Section 115F] : Exemption of Long-Term Capital Gains arising to Non-Resident Indian (NRI) on Transfer of ‘Foreign Exchange Asset’
Understanding and Conditions of Section 115F As a Non-Resident Indian (NRI), understanding the tax implications...
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Exemption of Long-term Capital Gains Tax under Section 54
[Section 54] : Exemption of Capital Gain arising on Transfer of Residential House Property
Understanding of Section 54 When an individual sells a residential house property, they are liable to...
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Exemption of Long-term Capital Gains Tax under Section 54B
[Section 54B]: Exemption of Capital Gain on Transfer of Land used for Agricultural Purposes
Understanding of Section 54B Agriculture plays a vital role in the economy of many countries, providing...
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Exemption of Long-term Capital Gains Tax under Section 54D
[Section 54D] : Exemption of Capital Gain on Compulsory Acquisition of Land and Buildings forming part of an Industrial Undertaking
As per Section 54D, the Capital Gain arising from the transfer, by way of compulsory acquisition under...
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Exemption of Long-term Capital Gains Tax under Section 54EC
[Section 54EC] : Exemption of Capital gain on Transfer of Long-Term Capital Assets being Land or Building or Both not to be charged on Investment in Certain-Bonds
Long-term capital gain arising on the transfer of any capital asset being land or building or both is...
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Exemption of Long-term Capital Gains Tax under Section 54F
[Section 54F] : Exemption of Capital Gain on Transfer of Asset, other than a Residential House
In India, the Income Tax Act provides various exemptions to taxpayers to encourage investments and promote...
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Exemption of Long-term Capital Gains Tax under Section 54G
[Section 54G] : Exemption of Capital Gain on Transfer of Assets in cases of Shifting of Industrial Undertakings from Urban Areas
Under Section 54G, the Exemption is available to all categories of assessees in respect of Capital Gain...
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Exemption of Long-term Capital Gains Tax under Section 54GA
[Section 54GA] : Exemption of Capital Gain on Transfer of Assets of Shifting of Industrial Undertaking from Urban Area to any Special Economic Zone (SEZ)
Section 54GA of the Income Tax Act provides an exemption on capital gains arising from the transfer of...
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Exemption of Long-term Capital Gains Tax under Section 54GB
[Section 54GB]: Exemption of Long-Term Capital Gains Tax on Transfer of Residential Property if Invested in a New Manufacturing SME Company
Section 54GB of the Income Tax Act, 1961 in India provides for the exemption of long-term capital gains...
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Section 54H of the Income Tax Act, 1961 in case of Capital Gain
Section 54H of the Income Tax Act, 1961 in India provided for an extension of time for acquiring a new...
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