capital gains tax
Tax on Gold Selling- Buying- Holding (in India) Latest 2023
INSIGHT OF TAX ON GOLD IN INDIA Holding gold is ritual for Indians and Indian have the regular habit of buying and gifting the Gold to relatives and friends. Among popular low risk investment gold always gives higher assured returns as compare to any other investments. Implementation of Income Tax on Gold:– Section 2 (14) … Read more
Tax on Online Gamming : 115BBJ | Latest
(8 min Read) Section 115BBJ. How do I pay tax on online game? (Tax on online gamming) After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:––Tax on winnings from online games.‘115BBJ. (Tax on online gamming) Notwithstanding anything contained in any other … Read more
Indian Tax || New Section 80CCH Agniveer Corpus Fund
(Read 4 Min) Section 80CCH – Contribution to Agnipath Scheme After section 80CCG of the Income-tax Act, the following section shall be inserted, namely:–– Deduction in respect of contribution to Agnipath Scheme. ‘80CCH. (1) Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to theAgniveer Corpus Fund on or after … Read more
Debentures Capital Gains Tax -Sec. 50AA
Debentures Capital Gains Tax After section 50A the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:–– Special provision for computation of capital gains in case of Market Linked Debenture(MLDs). Sec.50AA. Notwithstanding anything contained in clause (42A) of section 2 or section 48, where … Read more
Taxation on Electronic Gold Receipts | Capital Gains Tax | Budget Update 2023
Taxation on Electronic Gold Receipt… Amendment in Section 2 for FY 2023 24. (hi) in the case of a capital asset, being–– (a) Electronic Gold Receipt issued in respect of gold deposited as referred to in clause (viid) of section 47, there shall be included the period for which such gold was held … Read more