In order to further develop the government securities market and enhance liquidity, it has been decided to bring down the ceiling on SLR securities under the HTM category from 24 per cent of NDTL to 22 per cent (As per DBOD.No.BP.BC.42/21.04.2014-15 dated 7 October, 2014) in a graduated manner. Accordingly it is advised that: Banks… Read More »
हर व्यक्ति को एक पैन नम्बर प्राप्त करने की आवश्कता नही है, खासकर यदि आप इनकम टैक्स रिटर्न फाइल नहीं करते हैं या किसी भी बड़े वित्तीय लेन-देन में संलग्न नहीं है। हालांकि, अगर आप ऐसा करते हैं, तो यह जरूरी है कि आप के पास एक पैन कार्ड हो। अंत में, आप पैन कार्ड… Read More »
भारत में भरने के आयकर रिटर्न के क्या लाभ हैं तथा क्यों आयकर रिर्टन भरना जरूरी है अगर आप की सकल कुल आय एक वित्त वर्ष (1 अप्रेल से 31 मार्च) मे 250000 रूपये से अधिक हो। अगर आप वरिष्ठ नागरिकों (60 साल से अधिक ) है तो आप को 300000 रूपये से अधिक हो तो… Read More »
पैन कार्ड क्यो, कहा, और कैसे बनाएं ? पैन या स्थायी खाता संख्या, एक अद्वितीय 10 अंकों अल्फान्यूमेरिक पहचान केंद्रीय प्रत्यक्ष कर बोर्ड की देखरेख में आयकर विभाग द्वारा प्रत्येक करदाता के लिए आवंटित किया है। यह भी एक पहचान सबूत के रूप में कार्य करता है। पैन में इस तरह के कर योग्य वेतन… Read More »
As per S. 10(38), Long-term capital gains arising on transfer of equity shares or units of equity oriented mutual fund is not chargeable to tax from the A.Y. 2005-06 if such a transaction is covered by securities transaction tax. The securities transaction tax is applicable if equity shares or units of equity oriented mutual fund transferred on… Read More »
Profits or gains arising from the transfer of a capital asset made in a previous year is taxable as capital gains under the head “Capital Gains”. The important ingredients for capital gains are, therefore, existence of a capital asset, transfer of such capital asset and profits or gains that arise from such transfer. A capital asset is defined to include… Read More »
Capital asset means property of any kind held by an assessee whether or not connected with his business or profession. It however does not include the following: Any stock-in-trade, consumable stores or raw materials held for the purpose of his business or profession; Personal effects, i.e., movable property (including wearing apparel and furniture, excluding jewellery),… Read More »
Any Capital asset held by the Assessee for 36 months would be termed as Long-term capital asset and any gain arising on account of such sale thereof would constitute a long-term capital gain. As per the ActShort term Capital asset is defined as the capital asset held by an assessee for not more than thirty six… Read More »
A long-term capital asset means a capital asset held by an individual for more than 36 months immediately preceding its date of transfer. However, the following are treated as long-term capital assets, if held for more than 12 months: • Shares held in a company; • Other securities listed in a recognized stock exchange in… Read More »
Short-term capital assets are capital assets which are held by an assessee for less than thirty six months immediately preceding the date of its transfer. In case of shares, debentures, Units of Unit Trust of India and Mutual funds, the term would reduce to twelve months instead of thirty six months. As per S. 2(42A)… Read More »