There are a number of special provisions under the Income Tax Act, 1961, for Non-Resident
COMPUTATION OF CAPITAL GAINS IN THE CASE OF NON- RESIDENT
Identify the type of capital asset:Capital assets are classified into two categories: short-term capital assets
WHEN ENHANCED COMPENSATION RECEIVED
Enhanced compensation is any additional compensation received over and above the original compensation that was
WHEN ENHANCED COMPENSTATIONS IS PAID BUT IT IS SUBJECT – MATTER OF DISPUTE
When enhanced compensation is paid but is the subject matter of a dispute under income
COMPUTATION OF CAPITAL GAINS IN THE CASE OF COMPULSORY ACQUISTION OF AN ASSET
Computation of capital gains in the case of compulsory acquisition of an asset under income
COMPUTATION OF CAPITAL GAINS IN THE CASE OF COMPULSORY ACQUISTION OF AN ASSET
Computation of capital gains in the case of compulsory acquisition of an asset under income
PROVISIONS APPLICABLE IN THE CASE OF DISSOLUTION OR RECONSTITUTION FROM THE ASSESSMENT YEAR
Section 45(4): This section provides that if a firm is dissolved or reconstituted, and any
TRANSFER OF CAPITAL ASSEST TO A FIRM TO ITS PARTNER
A transfer of a capital asset by a partner to a firm under income tax
COMPUTATION OF CAPITAL GAINS ON TRANSFER OF FIRMS ASSESTS RTO PARTNERS AND VICE VERSA
When a firm transfers an asset to a partner: The fair market value (FMV) of
CONSEQUENCES
Penalties :The Income Tax Department can impose penalties on taxpayers who fail to comply with