Capital gain on sale of agriculture land is exempted to an individual/ HUF as per the provision of section 54B of income tax act. Content 1.What is section 54B of income tax act? 2.Who can claim exemption of capital gain…
Section 54 of income tax act prescribes exemption of capital gain from sale/transfer of residential house property. Content 1.What is section 54 of income tax act? 2.Who can claim exemption under section 54 of income tax act? 3.What are the…
Capital gain is a profit earns by selling or transferring capital assets when selling price is more than purchase price. Profit earned from transfer of assets is treated as income from capital gain under income tax act. And this profit…
Long term capital gain means sale/transfer of long term capital assets. This long term capital gain is charge as tax under the head ” Capital Gain” of income tax. Moreover, Capital Gain Tax is charge whenever an taxpayer earns a…