 |
| Home » Income Tax Solution » Capital Gain |
 |
CAPITAL GAIN |
|
|
|
| LTCG: - Equity shares / units of equity oriented mutual fund if chargeable to STT - Exempt |
|
|
- Listed Security (Equity Share / Preference Share / Debenture / Government security) other than above
Option - i) (Without indexation) - 10%
Option - i) (With indexation) - 20%
Other than above capital assets 20% |
|
| Note: Deduction u/s 80C to 80U not available in capital gain. |
|
|
|
|
|
|
|
CAPITAL GAIN |
|
|
|
|
| Long Term Capital Gain - Exemption |
u/s 54 |
u/s 54EC |
u/s 54F |
| A |
Who can claim exemption |
Ind/HUF |
Any person |
Ind/HUF |
| B |
Eligible assets sold |
A residential House property |
Any long-term capital assets |
Any LT assets (other than a residential house property) provided on the date of transfer the
taxpayer does not own more than one residential house property from the assessment year
2001-02 (except the new house) |
| C |
Assets to be acquired for exemption |
Residential house property |
Bond of NHAI or REC |
Residential house property |
| D |
Time limit for acquiring the new assets |
Purchase: 1 year back or 2 year forward, Construction: 3 year forward |
6 months forward |
Purchase: 1 year back or 2 year forward, Construction: 3 year forward |
| E |
Exemption Amount |
Investment in the new assets or capital gain, which ever is lower |
Investment in the new assets or capital gain, which ever is lower |
Investment in the new assets
-----------X Capital Gain
Net Sale consideration |
| F |
Whether “Capital gain deposit account scheme” applicable |
Yes |
No |
Yes |
|
|
|
|
|
|
|
 |
| e-Accounting Brings Global Opportunities. |
| 4th July, 2009 |
| EAccounting has visited India with a rainbow of opportunities. It is high time the Chartered
Accountants in India look beyond
the Indian clientele, as the entire
globe lies before them to be conquered. |
| Read more » |
|
|
|
| Shortage of Accountants. |
| 21st September, 2007 |
| A report by Pune-based Value Notes, estimates that as many as 360,000 US tax returns were
prepared in India in 2006. It anticipates further growth, estimating at least 1.6 million returns will
be prepared here in 2011. |
| Read more » |
|
|
|
| Outsourcing Benefits US workers. |
| 22nd August, 2009 |
| Outsourcing is a dirty word. In the US, outsourcing means firing full-time workers and
shipping their jobs to a less developed country where wages are lower and labor laws are more
lax. |
| Read more » |
|
|
|
|
|
|
Tax Events Calendar |
|
|
|
|
|
|
Bhavishya Kiran Educational Trust |
|
|
|
|
|
