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  • February 20, 2019

Taxation on Bonus Shares in India

Sanyam Jain | Capital Gain/ Income Tax | July 4, 2013 | Leave a Comment

Taxation on Bonus Shares

How bonus shares are taxed in India? Bonus shares are similar to Dividend but in form of shares instead of cash. Bonus Shares means existing shareholders are given new shares free of cost. These shares are given at pro-rata basis. For instance, if a company announces a bonus of 1:1, every existing shareholder will get […]

Income Tax on Share Trading Activities in India

Sanyam Jain | Capital Gain/ Income Tax | June 27, 2013 | 13 Comments

Income Tax on Share Trading in India

Income from Share Trading: Business Income or Capital Gain? Most of Indian Taxpayers irrespective of their earnings are indulged in Share trading because it is seen as a quickest way of earning handsome money. Also trading becomes easy with the rapid development in technology. Thus it becomes necessary to know the taxation on the earning […]

Cost Inflation Index for Financial Year 2013-14 Notified by CBDT

Sanyam Jain | Capital Gain/ Income Tax | June 8, 2013 | Leave a Comment

Cost Inflation Index

CBDT (Central Board of Direct Taxes) has notified the Cost Inflation Index (CII) for the  Financial Year 2013-14  at 939 vide Notification no.40/2013[F.NO.142/7/2013-TPL]/SO 1464(E), Dated June 6, 2013. Now Indexation of Cost of Acquisition and Cost of Improvement in Long Term Capital Gain Calculation is to be done by taking 939 as Index for Financial year 2013-14. Find Cost Inflation […]

Section 54F benefit available on sum invested in construction of house

Sanyam Jain | Capital Gain/ Income Tax | May 23, 2013 | Leave a Comment

Long Term Capital Gain benefits under Section 54F

Section 54F benefit available on sum invested in construction of house nonetheless parts of investment may be from different sources and not from capital gains Where capital gain is assessed on notional basis under section 50C, whatever amount is invested in new residential house within prescribed period under section 54F would get benefit of deduction […]

Capital Gain on Sale of Under-Construction Property before possession

Sanyam Jain | Capital Gain/ Income Tax | May 21, 2013 | 7 Comments

Capital Gain on Sale of under-construction flat before possession

Selling Under-construction Property In case of sale of capital assets, other than shares, units of mutual funds and listed securities, the holding period in order to qualify for long-term capital asset is 36 months (above three shall be long term capital asset if the holding period exceeds 12 months). Long-term capital gains are taxed at […]

Relief from long term capital gains tax on investment in SMEs [Section 54GB]

Sanyam Jain | Capital Gain/ Income Tax | April 28, 2013 | Leave a Comment

Section 54GB Exemption for investing in SME

Section 54GB: Capital Gains on Transfer of Residential Property not to be charged in Certain Cases The Ministry of Commerce and Industry has announced its National Manufacturing Policy in 2011. The goal of this policy is to promote investment in the Small and Medium Enterprises (SME) in the manufacturing sector. Eligibility: To help achieve the […]

Claim Exemption under section 54 & section 54F for one and same house

Sanyam Jain | Capital Gain/ Income Tax | April 25, 2013 | Leave a Comment

Deduction unser section 54 and 54F

Assessee can claim both sections 54 and 54f deductions for investment in one house, ITAT rules Section 54 and section 54F are independent provisions and assessee can claim exemption under both sections for investment in same house In the instant case, during the relevant financial year, the assessee had earned long-term capital gain (‘LTCG’) out […]

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