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Capital Gain

Cost Inflation Index Up to 2011-12 [Updated: June 2011]

For computing long-term capital gains, ‘indexed cost of acquistion’ and ‘indexed cost of imporvement’ are required to be deducted from the full value of consideration of the capital asset. Both these costs are thus required to be indexed with respect to the cost inflation index pertaining to the year of transfer. Cost Inflation Index from 1981-82 to 2011-12 FINANCIAL YEAR COST INFLATION INDEX FINANCIAL YEAR COST INFLATION INDEX 1981-82 100 1982-83 109 1983-84 116 1984-85 .....

Factors Determine when an Agricultural Land is Capital Asset or Not

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 decide whether a particular land is agricultural or not. This is the leading subject to understand while calculating the capital .....

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

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 Tax Under Section Allowed Assessee Conditions to be satisfied Quantum of exemption 54 Individual/HUF 1.     Transfer should be of .....

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

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 utilised within a period of one year before or two years after the date of transfer for purchase, or .....

Capital Gain Account Scheme

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 claim exemption u/s 54, 54D, 54F, 54G, 54GA.Types of Capital Gain Saving AccountThere are two types of accounts for depositing .....