Capital Gains Tax

This is the second article in the series of discussion related to Direct Tax Code. The first article was -
Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Minimum Alternate Tax (MAT)
Capital Gain Tax
Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Capital Gains
Current Situation:

Short-term capital gains (STCG) arising on [...]

Indian Economic Data Sources

MoneyBol Patrons,
Here are some links that you may find useful for accessing macroeconomic information and other statistics. These Datasets don’t require you to pay or register. (Note that some free datasets that require registration are also listed below)
We will be happy to add any link suggested by you for the benefit of all others.

Type [...]

Minimum Alternate Tax (MAT)

Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Minimum Alternate Tax (MAT)
Minimum Alternate Tax (MAT)
Current Situation:
MAT applicable on Book profit

Proposed in DTC:

The DTC has proposed a MAT on companies calculated with reference to the “value of gross assets”.

Limitation of MAT to be applied on basis of Gross Assets

Computation of [...]

Should I invest in real estate now?

With the improvement in economic conditions, property price have picked up in some metros, Tier-I and Tier-II cities across India. The global slowdown brought the focus of the developers back to quality of construction and delivery timelines. The real estate market is rapidly becoming brand conscious. Developers with strong execution capability command premium over their [...]

What is Deemed Income?

Do You have Deemed Income ?

The government “deems” it fit to see income even when there might be none. At present 22 such provisions exist in the Income Tax Act
In case of a seller; if a person has sold a flat for 22 lakhs but the fair value assessed by the authorities comes to 24 [...]

Opening as professional trader with KREDENT

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