Relief of tax on capital gains in certain cases [Omitted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1972. Original section was inserted by the Finance Act, 1965, w.e.f. 1-4-1965. The Direct Tax Laws (Amendment) Act, 1989 has deleted section 54A, dealing with relief of tax on capital gains on transfer of property held under […]
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer of a capital asset being land which, in the two years immediately preceding the date on which the transfer took place, was
Capital gain on transfer of jewellery held for personal use not to be charged in certain cases [Omitted by the Finance Act, 1976, w.e.f. 1-4-1976. Original section was inserted by the Finance Act, 1972, w.e.f. 1-4-1973.]
Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer by way of compulsory acquisition under any law of a capital asset, being land or building or any right in land or building,
Fair market value deemed to be full value of consideration in certain cases Where the consideration received or accruing as a result of the transfer of a capital asset by an assessee is not ascertainable or cannot be determined, then, for the purpose of computing income chargeable to tax as capital gains, the fair market
Where the consideration received or accruing as a result of the transfer by an assessee of a capital asset, being share of a company other than a quoted share, is less than the fair market value of such share determined in such manner as may be prescribed8, the value so determined shall, for the purposes
Introduction Resigning from a job can be a tough decision. It can be even tougher to express that decision to your employer in writing. Writing a resignation letter may seem like a daunting task, but it doesn’t have to be. A resignation letter is an official document that is required to inform your employer of
Introduction Congratulations! You’ve found the perfect candidate for your organization. But before you welcome them on board, there’s one critical step you need to complete: providing them with an appointment letter. An appointment letter is a formal document that outlines the terms and conditions of employment between you and your employee. It is an essential
Provisional attachment to protect revenue in certain cases (1) Where, during the pendency of any proceeding for the assessment of any income or for the assessment or reassessment of any income which has escaped assessment 72[or for imposition of penalty under section 271AAD where the amount or aggregate of amounts of penalty likely to be imposed under the
Effect of failure to furnish information in respect of properties held benami [Repealed by the Benami Transactions (Prohibition) Act, 1988, w.e.f. 19-5- 1988.]
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