Tagged: Capital Gains

Land House property 0

Effing Exemptions (Contd)

For the story so far click here Only an individual or HUF can claim exemption. Asset sold (original asset): Any long term capital asset other than residential house property. On the date of sale...

Land House property 0

Effing Exemptions

Rajat has been working as a senior manager of marketing at one of the reputed telecom companies in the country for the past 25 years. He had a great affinity towards gold and was...

capital-gains 0

Capital Gains

Capital gains refer to profit earned on transfer of a capital asset. A transfer includes sale, relinquishment, exchange, renouncement, extinguishment, compulsory acquisition, etc. However, under provisions of income tax, there are certain transfers which...

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Basics of Income Tax

“Income Tax” – a word which is dreadful like no other thing and in Indian context, even makes a fearless man scary!! Let us see the basics of income tax. Income tax is a...