Month: November 2023

Capital gain in special cases under income tax There are a number of special cases

Section 2(47) of the Income Tax Act, 1961 defines “transfer” as the transfer of a

The period of holding of a capital asset under income tax is the period between

Under the Income Tax Act of India, 1961, a capital asset is defined as any

A negative list under income tax is a list of incomes that are exempt from

The positive list under income tax is a list of specific items that are eligible

Under the Income Tax Act, 1961, a capital asset is defined to include any kind

CHARGEBILITY Chargeability under income tax refers to the income that is subject to income tax.

Section 89A of the Income-tax Act, 1961 (ITA) provides relief from taxation in income from

Gather necessary documents. Collect all supporting documents required to claim the relief. This may include