capital gain

Capital Gain in Conversion of Capital Asset into Stock in Trade 2 min read

• Income Tax

Capital Gain in Conversion of Capital Asset into Stock in Trade

Diksha Garg 2 years ago

According to Section 45(2) of the IT Act, when an assessee converts a capital asset into stock-in-trade of his business, it is considered as a... Read More

Tax Queries on tax deductions pertaining to Long Term Capital Gains and SIPs 2 min read

• Income Tax

Tax Queries on tax deductions pertaining to Long Term Capital Gains and SIPs

Diksha Garg 3 years ago

How to avoid long term capital gains tax under section 54 and 54F of the Income Tax Act, 1961? In order to understand how to... Read More

Does a Compensation for Compulsory Acquired Land Chargeable Under the Head “Capital Gain”? 3 min read

• Income Tax

Does a Compensation for Compulsory Acquired Land Chargeable Under the Head “Capital Gain”?

Diksha Garg 5 years ago

Basically, any income on sale of a capital asset refers to a capital gain and a person has to pay tax on the same. But... Read More