Short Term Capital Gains

Tax Implications by Owning Residential Property by an NRI in India 3 min read

• Home Loans
• Income Tax

Tax Implications by Owning Residential Property by an NRI in India

Diksha Garg 6 years ago

NRI’s would remit funds for various reasons such as maintaining their family, or repaying the loans, etc. As time passed by, real estate has become... Read More

Higher Tax deduction rate for Short term capital gains 2 min read

• Income Tax

Higher Tax deduction rate for Short term capital gains

Rajbir Chawla 8 years ago

The section 111A of the income tax act 1961, lays down the provision for Tax Deduction Rate for short term capital gains. Definition of short... Read More

Setting Off of Losses in Case of Mutual Funds 2 min read

• Income Tax

Setting Off of Losses in Case of Mutual Funds

Sourav 8 years ago

Funds apart from equity-oriented funds, short-term gains are gains made on assets which assessee holds for less than 3 years and are taxable as per... Read More

Refundable Deposits are Business Income but Share Capital is Capital Receipt 2 min read

• Income Tax

Refundable Deposits are Business Income but Share Capital is Capital Receipt

Anuj Mathur 8 years ago

Recently, Supreme Court of India has held the point that refundable deposits should be assessed as business income but share capital should be as capital... Read More