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  • April 22, 2018

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 Property 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 […]

Gains from Property Sale Overseas is Taxable in India as Capital Gains

Sanyam Jain | Capital Gain/ Income Tax | April 17, 2013 | Leave a Comment

Gains from Property Sale Overseas is Taxable in India as Capital Gains

Under the provisions of the Income-tax Act, 1961, the gains, if any, resulting from sale of any property (whether in or outside India) shall be taxable as capital gains under section 48. Further, the tax implications on sale of property (assuming residential property) in the assessee’s hand would depend upon the tax residential status in […]

Section 48: Capital Gains in case of Non-Residents

Sanyam Jain | Capital Gain/ Income Tax | March 11, 2013 | Leave a Comment

Section 48: Capital Gains in case of Non-Residents

Capital Gains in case of Non-Residents can be Computed under two proviso of Section 48 First Proviso to Section 48 In case of an assessee who is a non-resident, the capital gains arising from the transfer of shares or debentures in an Indian Company, shall be computed by converting: the cost of acquisition of asset […]

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