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Capital Gain

Factors Determine when an Agricultural Land is Capital Asset or Not

January 5, 2010

Any Profit or gain arising from the transfer of a capital asset is chargeable to tax under the head Capital Gains.  In the previous article, we had discussed about the basic concept of capital gains and capital assets. In this article, we will cover only the topic of agricultural land. Most of us consistently puzzle to [...]

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Capital Gain Exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA Table

September 1, 2009

Capital Gain Exemption u/s 54, 54B, 54D, 54EC, 54F, 54G, 54GA Table.
The following table is all about capital gain exemption, under what section you can avail it, Conditions to be satisfied, quantum of exemption. You can calculate capital gain tax exemption easily with the help of following table.
See: The Basic concepts of Capital Gain [...]

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Cost Inflation Index for Calculating Long Term Capital Gain

May 30, 2009

Cost Inflation Index for the purpose of computing Long Term Capital Gain

FINANCIAL YEAR
COST INFLATION INDEX
FINANCIAL YEAR
COST INFLATION INDEX

1981-82
100
1982-83
109

1983-84
116
1984-85
125

1985-86
133
1986-87
140

1987-88
150
1988-89
161

1989-90
172
1990-91
182

1991-92
199
1992-93
223

1993-94
244
1994-95
259

1995-96
281
1996-97
305

1997-98
331
1998-99
351

1999-2000
389
2000-01
406

2001-02
426
2002-03
447

2003-04
463
2004-05
480

2005-06
497
2006-07
519

2007-08
551
2008-09
582

Updates

See : Cost Inflation Index for Financial Year 2009-2010

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Capital Gains exemption u/s 54F: Capital Gain on Transfer of Asset, other then a Residential House (Sec. 54F)

February 8, 2009

How to Minimize Capital Gain Part – II: Capital Gains from an Asset other than Residential House – Capital Gain Exemption (Sec. 54F)
IntroductionAny long-term capital gain arising to an individual or an HUF, from the transfer of any asset, other than a residential house, shall be exempt if the whole of the net consideration is [...]

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Capital Gain Account Scheme

February 3, 2009

Why I Open Capital Gain Account Scheme?Capital Gain Account Scheme especially for those person who has earned capital gain. This scheme’s main purpose is to temporarily save the unutilised amount of capital gain up to its utilisation as per time specified in particular section. The scheme is open to all tax payers who wish to [...]

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