Download or read book Taxmann s Issues FAQs Tax Planning Relating to Capital Gains The Treatise Featuring over 680 Topics and 1 200 Issues in a Q A format with Practical Solutions Backed by 3 400 Case Laws written by D.C. Agrawal and published by Taxmann Publications Private Limited. This book was released on 2024-09-25 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive treatise to understand the complexities of capital gains taxation under the Income-tax Act, 1961. Presented in an easy-to-follow question-and-answer format, the book addresses common queries encountered by taxpayers, professionals, and investors regarding the taxation of capital gains from various assets, such as immovable properties, equities, and mutual funds. The content spans 55 chapters, covering over 680 topics and approximately 1,200 issues, each supported by relevant case laws and practical examples. The book discusses the statutory provisions, exemptions, and intricacies of capital gains and incorporates the latest amendments from the Finance (No. 2) Act, 2024, making it a current and relevant resource. This book will be helpful for departmental officers, taxpayers, litigants, and tax professionals to understand all the important and recurring issues that arise in capital gains. The Present Publication is the 2nd Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by D.C. Agrawal and Sanjiv Dutt, with the following noteworthy features: • [Comprehensive Coverage] Spanning 55 chapters, the book covers over 680 topics and addresses approximately 1,200 questions related to capital gains taxation. It discusses the specific areas, including exemptions under Sections 54 to 54F, intricacies of Sections 45 to 55A, and provisions relevant to business trusts and international financial services • [Practical Solutions and Case Laws] Each solution is backed by pertinent case laws, decided the Hon'ble Supreme Court, High Courts, and Income Tax Appellate Tribunal (ITAT). The book covers over 3,400 significant cases, ensuring that readers have access to a well-rounded understanding of how various statutory provisions have been interpreted and applied • [Updated and Relevant Content] The Second Edition incorporates amendments made by the Finance (No. 2) Act, 2024, including changes in the capital gains tax rates, period of holding, withdrawal of indexation benefits, taxation of unlisted bonds or debentures, taxation of gifts by any person other than an individual or HUF • [Simplification of Complex Topics] The book simplifies complex statutory provisions using a unique Q&A format, presenting them in a logical and systematic manner • [Detailed Chapter Summaries and Tax Planning Checkpoints] Each chapter includes a summary and key tax planning points, enabling readers to quickly grasp and apply essential takeaways and apply them to their tax planning strategies • [Special Focus Areas and Practical Applications] Dedicated chapters address unique scenarios such as capital gains taxation in IFSCs, under international taxation, and provisions for non-residents and offshore entities. The inclusion of real-life scenarios and practical examples illustrates the application of tax laws, making it easier for readers to relate the content to their specific situations • [Case Law Digest] The book not only serves as a comprehensive guide but also functions as a digest, incorporating approximately 3,400 case laws, decided by the Hon'ble Supreme Court, High Courts, and Tribunals • [Ease of Navigation] The book's structure includes sub-topic headings and clear navigation paths, allowing readers to locate relevant information effortlessly. Each chapter's logical flow, combined with minimal jargon and legalese, ensures that the content remains accessible and reader-friendly • [Distinctive Approach and User-Friendly Structure] The book's unconventional Q&A format stands out among traditional tax textbooks, providing an interactive learning experience that caters to various learning preferences. This distinctive approach helps in breaking down complex topics into easily digestible parts The contents of the book are as follows: • Chapter 1 – Introduction to Capital Gains o Overview of key concepts, transactions not considered as transfers, computation methods, and exemptions under the Income-tax Act, 1961 • Chapter 2 – Exemptions Related to Capital Gains o Detailed exploration of exemptions available under Section 10, including those for funds, institutions, specific tribes, and other entities • Chapter 3 – Understanding Capital Assets o Definitions and classifications of capital assets under Section 2(14), including real estate, intangible assets, and personal effects. • Chapter 4 – Agricultural Land and Capital Gains o Specific rules governing capital gains taxation on agricultural land, including compulsory acquisition and subsequent use • Chapter 5 – Short-Term vs Long-Term Capital Gains o Differentiation between short-term and long-term capital gains, including holding periods and special cases for various asset types • Chapter 6 – Transfers and Non-Transfers o Explanation of what constitutes a transfer under Section 2(47) and scenarios where transactions are not considered transfers • Chapter 7 – Business Income vs Capital Gains o Comparative analysis of income classified as business income versus capital gains, particularly in the context of asset sales • Chapter 8 – Core Provisions of Capital Gains Taxation o Comprehensive coverage of Section 45, including conditions for chargeability, exemptions, and special scenarios • Chapters 9 to 11 – Capital Gains in Partnerships and Firm Reconstitution o Sections dealing with capital gains arising from the entry of new partners, reconstitution of firms, and asset distributions • Chapters 12 and 13 – Compulsory Acquisitions and Joint Development Agreements o Specific provisions for capital gains arising from compulsory acquisitions (Section 45(5)) and joint development agreements (Section 45(5A)) • Chapters 14 and 15 – Liquidation and Buy-Back of Shares o Tax implications of asset distributions during company liquidation (Section 46) and buy-back of shares (Section 46A) • Chapters 16 and 17 – Non-Applicable Transfers and Withdrawal of Exemptions o Transactions where capital gains provisions do not apply (Section 47) and conditions that trigger the withdrawal of exemptions (Section 47A) • Chapters 18 and 19 – Computation Methods and Indexation o Detailed methodologies for computing capital gains (Section 48) and applying indexation benefits for inflation adjustment • Chapters 20 and 21 – Cost of Acquisition Rules o Specific rules for determining the acquisition cost in various scenarios, including family settlements and special asset transfers. • Chapters 22 to 27 – Special Provisions for Valuation and Consideration o Sections dedicated to special cases such as market-linked debentures, slump sales, and valuation of unquoted shares or immovable properties • Chapter 28 – Advance Money and Capital Asset Transfers o Treatment of advance money received during transfers and its impact on capital gains (Section 51) • Chapters 29 to 44 – Exemptions for Investments in Specific Assets o Comprehensive guide to exemptions available under Sections 54 to 54H, including investments in residential properties, agricultural land, and specified funds • Chapter 45 – Cost of Acquisition in Special Circumstances o In-depth analysis of determining acquisition costs for various asset types as detailed in Section 55 • Chapter 46 – Valuation References and Procedures o Guidelines for referring to valuation officers under Section 55A and the procedural aspects involved • Chapter 47 – Set Off and Carry Forward of Losses o Rules and strategies for setting off capital losses against gains and carrying forward losses to future years • Chapter 48 – Taxation Rates for Capital Gains o Applicable tax rates under Sections 111A, 112, and 112A explain applicable tax rates for short-term and long-term capital gains on various asset classes • Chapter 49 – Capital Gains for Non-Residents and Offshore Entities o Specific provisions addressing capital gains tax for non-residents, offshore funds, and FIIs under Sections 115AB, 115AC, 115ACA, and 115AD • Chapter 50 – Alternative Tax Regimes for NRIs o Special tax considerations and benefits for Non-Resident Indians as outlined in Sections 115C to 115-I • Chapters 51 to 54 – Special Cases in Capital Gains Taxation o Covers taxation on business trusts, transactions in IFSCs, international taxation, and other niche areas related to capital gains • Chapter 55 – Frequently Asked Questions (FAQs) o A comprehensive FAQ section addressing common queries, practical issues, and planning tips related to capital gains taxation

Download or read book Taxmann s Law Relating to Capital Gains Answering 1200 questions divided into 680 topics spread over 55 chapters and covering 3000 case laws on capital gains Finance Act 2023 written by D.C. Agrawal and published by Taxmann Publications Private Limited. This book was released on 2023-05-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a treatise on 'Capital Gains' under the Income-tax Act. It contains every aspect of the law on the subject matter, which one would wish to know, understand, and search for. This book is presented in a 'question & answer' format, where the answers are crafted with utmost care and precision. The answers also incorporate all aspects of the issue arising from the questions. The coverage of the book includes the following: • 1,200+ Questions & Answers • 680+ Topics • 55 Chapters • 3,000+ Case Laws This book will be helpful for Departmental officers, litigants, and tax professionals to understand the all-important and recurring issues that arise in Capital Gains. The Present Publication is the Latest 2023 Edition and has been amended by the Finance Act 2023. This book is authored by D.C. Agrawal and Sanjiv Dutt, with the following noteworthy features: • [Lucid Explanation] of various provisions of the Income-tax Act relating to Capital Gains • [3000+ Case Law based Analysis with 'Relevant' Factual Matrix] that has been considered in the judgement that is being referred • [Amended & Updated] The newly substituted provisions as per the Finance Act 2023 have been incorporated and explained in a manner that both the experts & beginners can understand with ease • [Analysis New Topics] such as: o Capital Gains and Business Trusts o Capital Gains in International Financial Services Centre (IFSC) o Capital Gains under International Taxation o Other Provisions Relating to Capital Gains The structure of the book is as follows: • Question and Answer Format • Bare Provisions Relating to Capital Gains and the Amendments • Analysis of the Provisions • Chapter-end Summaries • Check Points for Tax Planning The contents of the book are as follows: • Chapters 2 to 6 guide on the issues relating to the following: o Exempted Capital Gains o Capital Asset o Long-Term and Short-Term Capital Assets/Gains o Scope of Transfer • Chapter 7 provides a comparison between Business Income and Capital Gains • Chapters 8 to 13 provide deep insight into various aspects of Section 45, which includes the following: o [Section 45(3)] – Entry of New Partner/Member in the Firm/AOP/BOI o [Section 45(4)] – Distribution of Assets on Dissolution of the Firm o [Section 45(4) and 9B] – Reconstitution of Firm/Specified Entity o [Section 45(5)] – Joint Development Agreements • Chapters 14 and 15 explain the intricacies involved in charging Capital Gains on the distribution of assets by the companies in liquidation and buyback of shares by the companies covered u/s 46 and 46A • Chapters 16 and 17 explain how in some instances transaction will not be a transfer and when capital gains exempted earlier will be charged as covered u/s 47 and 47A • Chapters 18 and 19 highlight the mode of computation of capital gains and indexation as provided u/s 48 • Chapters 20 and 21 cover issues relating to the determination of the cost of acquisition as contained in Section 49 • Chapters 22 to 27 provide special provisions for the determination of the cost of acquisition or full value of consideration in specific cases such as: o Market Linked Debentures o Slump Sale o Transfer of Immovable Properties or unquoted shares, or in residuary cases as contained in Sections 50, 50A, 50AA, 50B, 50C, 50CA and 50D. • Chapter 28 provides treatment of money received in advance during the transfer of Capital Assets as contained in Section 51 • Chapters 29 to 44 cover issues relating to exemption from Capital Gains arising on the transfer of long-term capital asset • Chapter 45 covers issues relating to the cost of acquisition in certain cases, as provided in Section 55 • Chapter 46 covers issues arising from the Reference to Valuation Cell as contained in Section 55A • Chapter 47 covers issues relating to set off and carry forward of capital loss • Chapters 48 to 50 discuss issues relating to rates of Capital Gains, or charge of Capital Gains on non-resident entities and funds or Alternative Tax regimes for NRIs • Chapters 51 to 54 cover the special cases relating to the charge of Capital Gains on Business Trust, in IFSC, under International Taxation and residuary provisions related to the charge of tax on transferees • Chapter 55, being FAQs, provides valuable answers to the possible queries arising in the mind of taxpayers intending to dispose of their long-term capital asset and invest in residential house

Download or read book Taxmann s Taxation of Capital Gains Most Comprehensive Chapter wise Analysis of Capital Gains Taxation Covering Key Topics Recent Amendments Practical Guidance Finance No 2 Act 2024 written by CA S. Krishnan and published by Taxmann Publications Private Limited. This book was released on 2024-09-09 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the most comprehensive handbook that provides chapter-wise analysis of capital gains taxation. It covers various topics, including the nuances of tax planning within family settlements, implications of recent judicial decisions, and detailed guidance on exemptions under Sections 54, 54B, and 54F, etc.. It addresses complex scenarios such as joint property developments, transactions between firms and partners post-2021 amendments, and the tax implications for NRIs, OCIs, and PIOs. With 35+ structured chapters, the book emphasises ethical tax planning and provides practical solutions through numerous examples and illustrations. It is designed for tax professionals, legal practitioners, and financial advisors, equipping them with the knowledge to understand the intricate landscape of capital gains taxation. The Present Publication is the 13th Edition and has been amended by the Finance (No. 2) Act, 2024. This book is authored by CA S. Krishnan with the following noteworthy features: • [Comprehensive Coverage of Capital Gains Taxation] The book covers every aspect of capital gains taxation across 35+ chapters, each dedicated to specific sections or topics within Chapter IV-E under the heading 'Computation of Total Income.' This detailed approach ensures that readers can grasp the full scope of capital gains provisions and their applications • [In-depth Analysis of Tax Planning in Family Settlements] It provides a detailed examination of tax planning opportunities within the confines of the law, particularly in the context of family settlements and arrangements. The book extends this analysis to include family arrangements involving companies, supported by notable judgments from the ITAT • [Critical Insights on Exemptions (Sections 54, 54B, 54F, etc.)] The book discusses the pros and cons of claiming exemptions under sections 54, 54B, and 54F, etc. This section includes judicial interpretations and practical considerations that professionals need to be aware of • [Addressing Joint Development of Properties] A significant focus is placed on the issues arising from joint property developments, with detailed analysis of various judicial decisions. The book suggests potential remedies that could be considered by the legislature, providing a critical perspective on these challenging scenarios. • [Post-2021 Amendments to Section 45] A dedicated discussion covers the impact of the 2021 amendments to Section 45 and related provisions, particularly on transactions between firms and partners. The book includes an analysis of the Supreme Court ruling in the case of CIT v. Mansukh Dyeing and Printing Mills [2022] 145 taxmann.com 151 (SC), highlighting the tax implications when retiring partners are paid after revaluation of assets • [Updated Judicial Decisions and Case Law Integration] The 13th edition incorporates numerous judicial decisions rendered after the last Edition, placing these rulings in the appropriate context within the book. Each decision is thoroughly analysed, providing readers with the latest legal insights into capital gains taxation • [Special Chapter on NRIs, OCIs, and PIOs] A separate chapter is devoted to the tax planning, compliance, and procedural aspects for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs). This chapter provides practical guidance on property transactions, tax liabilities, and strategies for NRIs returning to India • [Examination of RFCTLARR Act, 2013] The book provides a detailed analysis of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, explaining its implications on capital gains taxation and how it intersects with current tax laws • [Taxability of Interest on Compensation for Agricultural Land] A comprehensive discussion on the taxability of interest received on compensation for acquiring agricultural land is presented. This section relies on an exhaustive review of judicial decisions, providing clear guidance on this often-debated topic • [Understanding Complex Capital Gains Scenarios] The book emphasises that there is no one-size-fits-all solution for capital gains taxation due to the variability in facts, legal precedents, and amendments. It guides readers in comparing live situations with case laws, identifying changes in legal interpretations, and understanding the impact of new amendments or jurisdictional rulings • [Worked Examples and Illustrations] Featuring numerous worked-out examples, the book covers a broad spectrum of possible scenarios, enhancing the reader's understanding through practical application. It highlights inconsistencies in judicial thought, explaining later decisions in relation to earlier ones and drawing distinctions where necessary • [Ethical Tax Planning Guidance] The book strongly emphasises the importance of ethical and legal tax planning, reinforcing the need for compliance and accuracy in income reporting. It aims to guide professionals in advising their clients correctly, avoiding both overpayment and underpayment of taxes The structure of the book is as follows: • [Exhaustive Coverage] This book contains 35+ Chapters, and each Chapter covers one section/topic exclusively • [Cross-Referenced Contents] Each Chapter in this book is unique, and whenever and wherever there are overlapping provisions, adequate care has been taken to give cross-references • [Specific Focus on Tax Planning] The tax planning has to be legal, and this important and ethical aspect has been stressed throughout the book • [Examples/Illustrations] covering every possible situation • [Case Laws] Whenever and wherever there is no uniformity in the thinking of various judicial authorities, they have been brought out and highlighted. In appropriate cases, the later decisions have been explained in tune with the ratio decidendi of earlier decisions by highlighting the common issues between these decisions and/or bringing out the distinction between the earlier decision(s) and the later one(s)

Download or read book Capital Gains Minimal Taxes written by Kaye A. Thomas and published by Fairmark Press Inc.. This book was released on 2004 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete, authoritative guide to taxation of stocks, mutual funds and market-traded stock options.

Download or read book Capital Gains Tax and the Private Residence written by David E. Williams and published by . This book was released on 1991-01-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Labyrinth of Capital Gains Tax Policy written by Leonard Burman and published by Brookings Inst Press. This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Leonard E. Burman cuts through the political rhetoric to present the facts. He explains the complex rules that govern the taxation of capital gains and examines the kinds of assets that produce them and the factors that can lead to gains or losses. He then explores how the taxation of capital gains affects federal tax receipts, savings, investment, and economic growth. Data from numerous sources help the reader navigate the thorny issues of the fairness of taxing gains (or not taxing them). Burman concludes by weighing the arguments for and against indexing capital gains taxes for inflation, as well as other options for altering the current system.

Download or read book Whiteman and Sherry on Capital Gains Tax written by and published by Thomson Reuters (Legal) Trading as Sweet & Maxwell. This book was released on 2008-12-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ISBN 9781847037107 Whiteman & Sherry on Capital Gains Tax explores every aspect of the law that impacts on capital gains tax. It looks at the case law analysing the major decisions of the courts and their implications. It examines the statutory provisions identifying areas of difficulty and offering the authors views. The title presents the law under four topics: 1. Assets, disposal and computation 2. Particular assets 3. Particular taxpayers 4. The foreign element The title looks in detail at the various rules on particular classes of assets analysing the law and the cases. Specific topics covered include: ? Land and buildings including leases and private residences ? Business assets, shares, securities and qualifying corporate bonds ? Options, debts, tangibles and intangibles; with case analysis and the authors' views on difficulties with statutory development

Download or read book CGT Private Residence written by Wolters Kluwer and published by . This book was released on 2016-09-26 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Capital gains tax planning written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Property Capital Gains Tax written by Carl Bayley and published by . This book was released on 2010-09 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide explains in plain English how property capital gains tax is calculated and how you can drastically reduce your tax bill. The subjects covered include the very latest Budget changes, tax-free properties for children, the tax benefits of using a company to invest in property, and much more.

Download or read book Tolley s Taper Relief written by F. Michael Cochrane and published by Tolley. This book was released on 2003 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taper Relief is becoming an increasingly important aspect of Capital Gains Tax planning allowing, for example, up to 75 per cent of the tax that would otherwise arise on a sale of business assets to be avoided.However, it is a relief that demands full compliance to a series of complex and arcane rules over a statutory period.The fourth edition of Taper Relief sets out all the planning considerations you need to take into account to take maximum benefit of the relief, and is fully updated for the provisions of Finance Act 2003.The book is written by Mike Cochrane, one of Tolley's most respected authors who has a reputation for explaining complex principles in plain English. Key CGT planning issues spelt out in plain English Outlines all the major tax compliance demands of Taper Relief Contains many worked examples and case studies

Download or read book Tolley s Capital Gains Tax Roll over Hold over and Deferral Reliefs written by Kevin S. Slevin and published by Bloomsbury Professional. This book was released on 2005-01-01 with total page 589 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical and comprehensive guide to the calculation and operation of three of the main capital gains tax reliefs, containing all the information required in one unique reference work, written by one of the UK's foremost tax practitioners and containing over 160 worked examples.

Download or read book Fresh from the Farm 6pk written by Rigby and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Yvain written by Chretien de Troyes and published by Yale University Press. This book was released on 1987-09-10 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: A twelfth-century poem by the creator of the Arthurian romance describes the courageous exploits and triumphs of a brave lord who tries to win back his deserted wife's love

Download or read book Kumba Africa written by Sampson Ejike Odum and published by iUniverse. This book was released on 2020-11-03 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘KUMBA AFRICA’, is a compilation of African Short Stories written as fiction by Sampson Ejike Odum, nostalgically taking our memory back several thousands of years ago in Africa, reminding us about our past heritage. It digs deep into the traditional life style of the Africans of old, their beliefs, their leadership, their courage, their culture, their wars, their defeat and their victories long before the emergence of the white man on the soil of Africa. As a talented writer of rich resource and superior creativity, armed with in-depth knowledge of different cultures and traditions in Africa, the Author throws light on the rich cultural heritage of the people of Africa when civilization was yet unknown to the people. The book reminds the readers that the Africans of old kept their pride and still enjoyed their own lives. They celebrated victories when wars were won, enjoyed their New yam festivals and villages engaged themselves in seasonal wrestling contest etc; Early morning during harmattan season, they gathered firewood and made fire inside their small huts to hit up their bodies from the chilling cold of the harmattan. That was the Africa of old we will always remember. In Africa today, the story have changed. The people now enjoy civilized cultures made possible by the influence of the white man through his scientific and technological process. Yet there are some uncivilized places in Africa whose people haven’t tested or felt the impact of civilization. These people still maintain their ancient traditions and culture. In everything, we believe that days when people paraded barefooted in Africa to the swarmp to tap palm wine and fetch firewood from there farms are almost fading away. The huts are now gradually been replaced with houses built of blocks and beautiful roofs. Thanks to modern civilization. Donkeys and camels are no longer used for carrying heavy loads for merchants. They are now been replaced by heavy trucks and lorries. African traditional methods of healing are now been substituted by hospitals. In all these, I will always love and remember Africa, the home of my birth and must respect her cultures and traditions as an AFRICAN AUTHOR.

Download or read book Duty and Desire Book Club Edition written by Anju Gattani and published by . This book was released on 2021-01-27 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: To uphold family honor and tradition, Sheetal Prasad is forced to forsake the man she loves and marry playboy millionaire Rakesh Dhanraj while the citizens of Raigun, India, watch in envy. On her wedding night, however, Sheetal quickly learns that the stranger she married is as cold as the marble floors of the Dhanraj mansion. Forced to smile at family members and cameras and pretend there's nothing wrong with her marriage, Sheetal begins to discover that the family she married into harbors secrets, lies and deceptions powerful enough to tear apart her world. With no one to rely on and no escape, Sheetal must ally with her husband in an attempt to protect her infant son from the tyranny of his family.sion.

Download or read book Charles Pettigrew First Bishop elect of the North Carolina Episcopal Church written by Bennett H Wall and published by Hassell Street Press. This book was released on 2021-09-10 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.