When a capital gain results from the sale of property that was utilised for agricultural purposes by the assessee, who is either an individual, his parent, or a Hindu undivided family, during the two years before to the date on which t...
Any expense that is laid out or spent wholly and exclusively for business or professional purposes (and not of the kind described in sections 30 to 36, nor of the kind that constitutes capital spending or personal expenses of the asses...
Despite anything to the contrary in section 2's clause (42A), if the capital asset is an asset that is a part of a block of assets for which depreciation has been permitted under this Act or the Indian Income-tax Act of 1922, (11 o...
When the evaluation received or accumulating as a result of the acquisition by an assessee of a capital asset, such as land or a building or both, is less than the value adopted, assessed, or assessable by any jurisdiction of a State G...
The oldest commercial bank in India is the State Bank of India (SBI). It was established in accordance with the 1955 State Bank of India Act (Act No. 23 Of 1955). With its headquarters in Mumbai, Maharashtra, it is an Indian multinatio...
Any profits or earnings from the slump sale that was carried out in the prior year are subject to income tax as capital gains resulting from the transport of long-term capital assets and are considered part of the income of the prior y...
Pay a visit to 80g.
The act of com...
For tax reasons, demerger entails a National Company Law Tribunal (or "NCLT") process, as is usually recognised. It is accomplished by a compromise or arrangement plan in accordance with Sections 230 to 232 of the 2013 Compan...
Within the time frame that may be prescribed by the Securities and Exchange Board of India, all recognised stock exchanges mentioned in section 4A shall submit a corporatization and demutualization plan for approval to the board. It is...
According to the requirements of the Income Tax Act, capital gains occur when a capital asset is "transferred" during the prior year. No income is subject to taxation under the category "capital gains" if there is n...