CAPITAL GAINS TAX RULES

By | 2018-08-08T08:57:02+00:00 June 29th, 2016|Categories: Capital Gains|Tags: , |

Rules to be followed   Income from any source attracts tax. Capital gains are also taxable in the hands of the seller. Capital gains from short term capital assets are called Short term capital gain, whereas gains from long term capital assets is known as long term capital gain. Provisions for taxation of capital gains Under [...]

Capital Gains

By | 2018-08-08T12:33:26+00:00 June 17th, 2016|Categories: Capital Gains|Tags: , |

A categorical guide to impact on tax, by income from the capital gains Section - I – Basic Concepts: Capital Gain: It is any gain earned from the sale of a capital asset which is known as a “Capital Gain.” The profit is chargeable to the tax in the year where there are capital gains. It is not [...]