Webb20 juli 2024 · A resident having any asset located outside India or signing authority in any account. A non-resident or not-ordinary resident. Taxpayers who earn agriculture income above Rs. 5000/-. Income from winnings of a lottery, horse race, gambling, etc. under the head of other sources. Webbdon't forget to subscribe to the channel & press bell icon for all the latest videos. like , comment & share for help of many students.. kind attention for c...
Section 112A is mandatory or an option to choose section 112 or section …
WebbSection 9 (1) (vi) of the Act defines the taxability of royalty income in India and had defined royalty to include transfer of all or any rights (including the granting of licence) in respect of patent, invention, model, design and secret formula or … Webb5 juni 2024 · Section 48 of Income Tax Act 1961 – Mode of Computation of Capital Gains Mode of computation of capital gains means, the method that should be applied to … ccr karaoke green river
Assets sold by non-residents
Webb13 sep. 2024 · Section 48: Method Of Computing Capital Gain Ritik Chopra , 13 September 2024 Share 1. For all assessees and all assets except shares and debentures owned by a non-resident (a) Short-term capital gain shall be computed by deducting out of full value of consideration the following amounts: Webb27 juni 2024 · Section 48 provides for the mode of computation of capital gains. The second Proviso to this section also provides for indexation of cost of acquisition in cases of transfer of long term capital asset. Clause (iii) of Explanation under this section defines the term ‘indexed cost of acquisition’ as under; Webb5 juni 2024 · No benefit of indexation is taken (First proviso to Section 48) ; Benefit of foreign currency fluctuations is not taken (Second proviso to Section 48) Thus, in case … ccr jeremiah