Income or gain arises on transfer of capital assets is taxable under the head capital gains. but before computing tax on capital gains, we are allowed to claim capital gain deductions under section 54. We are also listing some useful Read more…
Category Archives: Income Tax
SHORT INTRO OF CAPITAL GAINS Gain arising on transfer of capital asset is charged to tax under the head “Capital Gains”. Income from capital gains is classified as “Short Term Capital Gains” and Read more…
Short Term Capital Gain is classified into two categories: Short-term capital gains covered under section 111A and Short-term capital gains not covered under section 111A. Also Read : Computation of Short-term capital gains not covered under section 111A. Read more…
CAPITAL GAIN Gain arising on transfer of capital asset is charged to tax under the head “Capital Gains”. Income from capital gains is classified as: Short Term Capital Gains and Long Term Capital Gains. The taxability of Read more…
What is a PAN card number and whether we actually need it or not. What are the benefits of having PAN CARD?? If you remember, during demonetization PAN was mandatory in order to exchange old notes with new currency. And Read more…