Capital Gains
Exempt capital gains by investing in residential house property – Section 54 and 54F
Ever wondered what does it mean when people say that you can save your taxes by investing in Section 54 and Section 54F? ...
Capital Gains
What is a capital asset?
Introduction Every property held by a taxpayer, being a movable or immovable asset, is considered as a capital asset. However, some personal assets ...
Capital Gains
Save tax on profits earned from the sale of investment by using section 54F
Introduction Section 54F provides exemptions to a seller from capital gains tax arising from the transfer of a capital asset other than a ...
Capital Gains
Save tax on profits earned from the sale of residential house by using section 54
Introduction Selling of property at a profit (capital gain) is a normal phenomenon. Soon as the profits are earned, the tax gets attracted. ...