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Calculation of Capital Gain & Set off of Capital Gain Losses
Short Term Capital Gains calculation:
STCG = (Total Sale Price)
(Cost of acquisition)
(expenses directly related to sale)
(cost of improvements).
Here, the cost of acquisition for the inheritor or...
Registration of Rent Agreement in Maharashtra
Provisions of Section 55 of the Maharashtra Rent Control Act, 1999 states that every tenancy agreement, regardless of its tenure, must be in writing and should...
TDS deduction Rate of Income Tax Act for AY 2022-2023
Rates for tax deduction at source*
Particulars
TDS Rates (in %)
1. In the case of a person other than a company
1.1 where the person is resident...
Tax Rate of Income Tax Act for AY 2022-2023
Income Tax Rate for AY 2022-2023
1.1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual...
Capital Gain on Sale of Gifted or Inherited Properties
A capital asset being shares and securities (listed), unit of UTI (listed/unlisted), unit of equity oriented mutual fund (listed/unlisted), zero coupon bonds (listed/unlisted) is considered as...
Facts about Rent Agreement & its Registration
The trend of a rented living has flourished at its zenith in the urban areas of India. With a surge in educational and employment...
Capital Gain on units of Mutual Fund held under Fixed Maturity Plans
Central Board of Direct Taxes has extended period of holding of the units of Mutual Funds held under Fixed Maturity Plans (FMPs)vide circular No...
Can Sale Deed Be Executed By Power Of Attorney – Verdict of Supreme Court...
The concept of POA has been discussed under two laws in India – the Powers of Attorney Act, 1882 and the Indian Stamp Act,...
Property Registration in Gujarat – Garvi Portal
The registration of property in Gujarat, governed by the Registration Act, 1908, mandates that transactions involving any immovable property must be registered with the...
What are the inheritance rights of children in property of Divorce Parents?
According to the Indian Succession Act, 1956, and the Indian Succession (Amendment) Act, 2005, minor children, whether boys or girls, have a right to...
