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
Short Term Capital Gains
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
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
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