Capital Gains Tax India
Capital Gains Tax India A guide to tax impact on income from capital gains Updated on Feb 02, 2018 - 05:33:33 PM Contents: What is a Capital Gain ? What are Long-Term and Short-Term Capital Assets? Calculating Capital Gains Exemption on Capital Gains Saving Tax on Sale of Agricultural Land What is a Capital Gain ? Any profit or gain that arises from the sale of a ‘ capital asset’ is a capital gain . This gain or profit is charged to tax in the year in which the transfer of the capital asset takes place. Capital gains are not applicable when an asset is inherited because there is no sale, only a transfer. However, if this asset is sold by the person who inherits it, capital gains tax will be applicable. The Income Tax Act has specifically exempted assets received as gifts by way of an inheritance or will. What...
Hi Deepak,
ReplyDeleteThis is in response to your post on NIBM area post.
There are still many downsides, therefore causing many end users/investors staying away from this area:
1) There are many muslim and Bangladeshi population in the area
2) The autos don't use the meter coming to this area
3) I visited Nyati county and surroundings, the roads are still not proper
4) Away from IT areas as Baner/Aundh
Vikas
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