Capital Gain exemption: Section 54 EC
Asset to be transferred: Land or building or both. Asset on which capital gain to be invested: Long term specified asset.
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Capital Gain exemption: Section 54 F
Asset to be transferred: Any capital asset (other than a residential house property). Asset on which capital gain to be invested: One residential house.
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What do you mean by capital Asset?
61/2 per cent Gold Bonds, 1977 or 7 per cent Gold Bonds, 1980 or National Defence Gold Bonds, 1980 issued by the Central Government;
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Classification of Capital Assets
For the purpose of taxation, assets are classified into short term and long term assets.
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Computation of Capital Gain
For the purpose of taxation, assets are classified into short term and long term assets.
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Capital Gain exemption: Section 54
Asset to be transferred: Residential house property. Asset on which capital gain to be invested: Residential house property in India
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Reverse Charge Mechanism under IGST
The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis by the recipient of such goods or services
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Appointment of Whole Time Company Secretary in Private Companies in India
As per amendment dated 3rd Jan 2020 in Rule 8A of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
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RCM GST on Supplies from Unregistered Dealers
RCM CGST (cum SGST) on supplies from unregistered dealers is governed by Sec 9 (4) of CGST (Amendment) Act, 2018 dated 29th Aug 2018.
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GST I Blocked Credits
Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following
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