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
capital gain
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
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
