The Ministry of Finance along with the Department of Financial services had been gearing up to introduce a legislation to provide a comprehensive code to ban unregulated deposit schemes and protect interests of depositors. The Finance Minister had announced in the Budget 2016-17 that a comprehensive central legislation would be brought to deal with the menace of unauthorised deposit taking schemes. The "Banning of Unregulated Deposit Schemes and Protection of…
Read MoreCapital gains tax: Sold house? Now buy a new one in your name
Any property sale in India attracts capital gain tax on the gains arising therefrom under the Income Tax Act. Though the gains arising on sale of property get taxed as capital gains, relief against certain capital gains are provided upon satisfaction of the prescribed conditions. One of such reliefs is available under Section 54 of the Act, in respect of long-term capital gains arising on the sale of residential house…
Read MoreUNION BUDGET 2021
Download Book
Website Visitors
Total Users : 114894