TRANSACTIONS NOT REGARDED AS TRANSFER – SECTION 47 OF INCOME TAX ACT Under the provisions of the Income Tax Act, capital gains arise when there
MODE OF COMPUTATION OF CAPITAL GAINS – SECTION 48 OF INCOME TAX ACT Mode of computation of capital gains means, the method that should be
SHORT TERM CAPITAL GAINS TAX IN RESPECT OF EQUITY SHARES/ UNITS OF AN EQUITY ORIENTED FUND – SECTION 111A OF INCOME TAX ACT Where any
TAX ON LONG TERM CAPITAL GAINS – SECTION 112 OF INCOME TAX ACT CONCESSIONAL RATE OF 10% TAX RATE ON SHARES OF PRIVATE COMPANY AND
The provisions of “Chapter XII-A of Income Tax Act – Special provisions relating to certain incomes of non-residents”contains sections 115C, 115D, 115E, 115F, 115G, 115H
PROFITS AND GAINS IN CONNECTION WITH THE BUSINESS OF EXPLORATION ETC. OF MINERAL OILS – SECTION 44BB OF INCOME TAX ACT Who can opt for
TAXATION OF INCOME FROM UNITS/ OR CAPITAL GAINS OF SUCH UNITS OF OFFSHORE FUND – SECTION 115AB OF INCOME TAX ACT Income from certain units,
Special Provisions for Computing Tax on Income from Bonds or Global Depository Receipts – Section 115AC of Income tax act Under the provisions of the
Tax on Income of Foreign Institutional Investors – Section 115AD of Income Tax Act Who are ‘Foreign Institutional Investor ? ‘ A Foreign Institutional investor
Tax on Non Resident Sportsmen or Sports association – Section 115bba of Income Tax Act INCOME OF NON-RESIDENT SPORTSMEN Where a non-resident sportsman (including an
MISCELLANEOUS PROVISIONS FOR NON-RESIDENTS Under the provision of Section 139, following person are mandatorily required to file return of income : – Company or firm
Where the branch of a foreign company, which is engaged in banking business in India is converted into an Indian subsidiary of such foreign company