SlideShare a Scribd company logo
Income from
Capital Gains
Dr. P. Ravichandran
M.Com., M.B.A., M.A (Astrology)., M.Phil., Ph.D.,
D.C.P., D.L.L & A.L., P.G.D.C.A., P.G.D.P.M & I.R.,
S.B.K. College, Aruppukottai – 626101.
 9443424090 & 9080030090
 e-mail id.- prcapk@gmail.com
Capital Gain
2
 Profit or gains on the sale of capital asset
shall be considered as capital gain.
 Any Income derived from a capital asset
movable (or) immovable is taxable under
the head Capital Gains under Income Tax
Act, 1961.
Basis of Charge
Profit (or) gains arising from the transfer of capital
assets during previous year is chargeable under
the head capital gains if following conditions are
fulfilled;
There should be capital Assets.
There should be transfer of capital assets.
Transfer should take place in previous year.
There should be profit or gains.
Capital asset
Any asset like land, buildings, vehicles, plant &
machinery, furniture & fixtures, shares,
debentures, goodwill, tenancy rights,
leasehold rights, licences, patents,
trademarks, etc.,
Capital asset include property of any kind,
whether fixed (or) circulating, movable
(or) immovable, tangible (or) intangible.
The IRS defines the capital asset as “almost
everything you own (or) use for personal
purposes (or) investment”.
Capital Assets
Short-term
Capital assets
Long-term
Capital assets
Period of holding is
≤ 36 months
Period of holding is
> 36 months
METHOD OF DETERMINING
PERIOD OF HOLDING
• In case when the assessee acquires an asset
as a gift or by a will, the period for which the
previous owner holds the asset is also
included.
Capital Assets
Short-term
Capital assets
Long-term
Capital assets
Period of holding is
≤ 36 months
Period of holding is
> 36 months
The period of 36 months is taken as 12 months under
following cases (Financial assets):
 Listed shares (Equity or Preference),
 Securities like debentures, government securities,
which are listed in recognized stock exchange,
 Units of UTI,
 Units of Mutual Funds,
 Zero Coupon Bonds.
 w.e.f. AY: 2017-18 for unlisted shares (or) land (or)
building (or) both is held by the assessee the period
of holding has been reduced from 36 months to 24
months.
When period is not 36 months
EXCEPTIONS TO CAPITAL ASSETS
a) Any stock-in-trade, consumable stores (or) raw
material held for the purposes of business or
profession.
b) Movable property of the Assessee including
wearing apparel, motor car, electrical
appliances, refrigerator, furniture etc.; held
for his personal use (or) for the use of any
member of his family dependent on him.
► [The exception to this condition is jewellery,
archaeological collections, drawings, paintings,
sculptures (or) any work of art are treated as
capital assets, even though it is meant for
personal use.]
c) Agricultural land in rural India.
d) 6% Gold Bonds 1977, 7% Gold Bonds 1980 or
National Defence Gold Bonds 1980, issued by the
central government.
e) Special Bearer Bonds 1991, and
f) Gold Deposit bonds issued under Gold Deposit
Scheme of 1999.
g) Deposit certificates issued under Gold Monetization
Scheme 2015.

More Related Content

What's hot

Registration under GST Law
Registration under GST LawRegistration under GST Law
Registration under GST Law
DVSResearchFoundatio
 
Income from Capital Gains
Income from Capital Gains Income from Capital Gains
Income from Capital Gains
Chella Pandian
 
Set off and carry forward of losses
Set off and carry forward of lossesSet off and carry forward of losses
Set off and carry forward of losses
P.Ravichandran Chandran
 
Income Of Other Persons, Included In Assesses Total Income
Income Of Other Persons, Included In Assesses Total IncomeIncome Of Other Persons, Included In Assesses Total Income
Income Of Other Persons, Included In Assesses Total Income
Admin SBS
 
Set off & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forward
Somya Chaturvedi
 
Residential Status and Tax liabilities -Incidence of Tax
Residential Status and Tax liabilities -Incidence of TaxResidential Status and Tax liabilities -Incidence of Tax
Residential Status and Tax liabilities -Incidence of Tax
Chella Pandian
 
Income from Capital gains
Income from Capital gainsIncome from Capital gains
Income from Capital gains
Mohammed Haroon
 
Income from salary
Income from salaryIncome from salary
Income from salary
P.Ravichandran Chandran
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 heads
Rishiraj Yadav
 
Wealth tax act 1957
Wealth tax act 1957Wealth tax act 1957
Income from Other Sources
Income from Other SourcesIncome from Other Sources
Income from Other Sources
Chella Pandian
 
Residential status
Residential statusResidential status
Residential status
Puneet Arora
 
Wealth Tax Act, 1957
Wealth Tax Act, 1957Wealth Tax Act, 1957
Wealth Tax Act, 1957
RAJESH JAIN
 
PPT on Dividend
PPT on DividendPPT on Dividend
PPT on Dividend
kamal ega
 
Income Tax Fundamental Concepts
Income Tax Fundamental ConceptsIncome Tax Fundamental Concepts
Income Tax Fundamental Concepts
RAJESH JAIN
 
Profit & Gains from Business or Profession.
Profit & Gains from Business or Profession.Profit & Gains from Business or Profession.
Profit & Gains from Business or Profession.
RAJESH JAIN
 
Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961
Chirantan Tiwari
 
Set-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActSet-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax Act
DVSResearchFoundatio
 
Penalties and prosecution ppt
Penalties and prosecution pptPenalties and prosecution ppt
Penalties and prosecution ppt
Ramneek Kaur
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total income
P.Ravichandran Chandran
 

What's hot (20)

Registration under GST Law
Registration under GST LawRegistration under GST Law
Registration under GST Law
 
Income from Capital Gains
Income from Capital Gains Income from Capital Gains
Income from Capital Gains
 
Set off and carry forward of losses
Set off and carry forward of lossesSet off and carry forward of losses
Set off and carry forward of losses
 
Income Of Other Persons, Included In Assesses Total Income
Income Of Other Persons, Included In Assesses Total IncomeIncome Of Other Persons, Included In Assesses Total Income
Income Of Other Persons, Included In Assesses Total Income
 
Set off & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forward
 
Residential Status and Tax liabilities -Incidence of Tax
Residential Status and Tax liabilities -Incidence of TaxResidential Status and Tax liabilities -Incidence of Tax
Residential Status and Tax liabilities -Incidence of Tax
 
Income from Capital gains
Income from Capital gainsIncome from Capital gains
Income from Capital gains
 
Income from salary
Income from salaryIncome from salary
Income from salary
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 heads
 
Wealth tax act 1957
Wealth tax act 1957Wealth tax act 1957
Wealth tax act 1957
 
Income from Other Sources
Income from Other SourcesIncome from Other Sources
Income from Other Sources
 
Residential status
Residential statusResidential status
Residential status
 
Wealth Tax Act, 1957
Wealth Tax Act, 1957Wealth Tax Act, 1957
Wealth Tax Act, 1957
 
PPT on Dividend
PPT on DividendPPT on Dividend
PPT on Dividend
 
Income Tax Fundamental Concepts
Income Tax Fundamental ConceptsIncome Tax Fundamental Concepts
Income Tax Fundamental Concepts
 
Profit & Gains from Business or Profession.
Profit & Gains from Business or Profession.Profit & Gains from Business or Profession.
Profit & Gains from Business or Profession.
 
Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961
 
Set-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActSet-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax Act
 
Penalties and prosecution ppt
Penalties and prosecution pptPenalties and prosecution ppt
Penalties and prosecution ppt
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total income
 

Similar to Capital gains

IFA I, Chapter 6, presentations ppt.pptx
IFA I, Chapter 6, presentations ppt.pptxIFA I, Chapter 6, presentations ppt.pptx
IFA I, Chapter 6, presentations ppt.pptx
Kalkaye
 
Computation of Capital gains under Income Tax Act 1961
Computation of Capital gains under Income Tax Act 1961Computation of Capital gains under Income Tax Act 1961
Computation of Capital gains under Income Tax Act 1961
Dr. Sanjay Sawant Dessai
 
Capital Gains Taxation
Capital Gains TaxationCapital Gains Taxation
Capital Gains Taxation
Manoj Pandit
 
CTC PLANNING_BY_CA NITIN PATHAK
CTC PLANNING_BY_CA NITIN PATHAKCTC PLANNING_BY_CA NITIN PATHAK
CTC PLANNING_BY_CA NITIN PATHAK
CA NITIN PATHAK & CO.
 
Capital Gain Taxation
Capital Gain TaxationCapital Gain Taxation
Capital Gain Taxation
Bhavya Shah
 
Icds v-tangible-fixed-assets
Icds v-tangible-fixed-assetsIcds v-tangible-fixed-assets
Icds v-tangible-fixed-assets
Admin SBS
 
Seminar on direct & indirect taxes - capital gain
Seminar on direct & indirect taxes - capital gainSeminar on direct & indirect taxes - capital gain
Seminar on direct & indirect taxes - capital gain
HARSH JAIN
 
Ias 40
Ias 40Ias 40
Capital Gains.pptx
Capital Gains.pptxCapital Gains.pptx
Capital Gains.pptx
MeenakshiSharma789542
 
Capital gains
Capital gainsCapital gains
Capital gains
Harsh Vardhan
 

Similar to Capital gains (10)

IFA I, Chapter 6, presentations ppt.pptx
IFA I, Chapter 6, presentations ppt.pptxIFA I, Chapter 6, presentations ppt.pptx
IFA I, Chapter 6, presentations ppt.pptx
 
Computation of Capital gains under Income Tax Act 1961
Computation of Capital gains under Income Tax Act 1961Computation of Capital gains under Income Tax Act 1961
Computation of Capital gains under Income Tax Act 1961
 
Capital Gains Taxation
Capital Gains TaxationCapital Gains Taxation
Capital Gains Taxation
 
CTC PLANNING_BY_CA NITIN PATHAK
CTC PLANNING_BY_CA NITIN PATHAKCTC PLANNING_BY_CA NITIN PATHAK
CTC PLANNING_BY_CA NITIN PATHAK
 
Capital Gain Taxation
Capital Gain TaxationCapital Gain Taxation
Capital Gain Taxation
 
Icds v-tangible-fixed-assets
Icds v-tangible-fixed-assetsIcds v-tangible-fixed-assets
Icds v-tangible-fixed-assets
 
Seminar on direct & indirect taxes - capital gain
Seminar on direct & indirect taxes - capital gainSeminar on direct & indirect taxes - capital gain
Seminar on direct & indirect taxes - capital gain
 
Ias 40
Ias 40Ias 40
Ias 40
 
Capital Gains.pptx
Capital Gains.pptxCapital Gains.pptx
Capital Gains.pptx
 
Capital gains
Capital gainsCapital gains
Capital gains
 

More from P.Ravichandran Chandran

Valuation of excisable goods
Valuation of excisable goodsValuation of excisable goods
Valuation of excisable goods
P.Ravichandran Chandran
 
Types of excise duties
Types of excise dutiesTypes of excise duties
Types of excise duties
P.Ravichandran Chandran
 
Powers of Central Excise Officers
Powers of Central Excise OfficersPowers of Central Excise Officers
Powers of Central Excise Officers
P.Ravichandran Chandran
 
Excise duty assessment
Excise duty assessmentExcise duty assessment
Excise duty assessment
P.Ravichandran Chandran
 
Excise duty registration
Excise duty registrationExcise duty registration
Excise duty registration
P.Ravichandran Chandran
 
Classification of excisable goods
Classification of excisable goodsClassification of excisable goods
Classification of excisable goods
P.Ravichandran Chandran
 
Clearance of excisable goods
Clearance of excisable goodsClearance of excisable goods
Clearance of excisable goods
P.Ravichandran Chandran
 
Appeals in excise duty
Appeals in excise dutyAppeals in excise duty
Appeals in excise duty
P.Ravichandran Chandran
 
Excise duty
Excise dutyExcise duty
Indirect taxes
Indirect taxesIndirect taxes
Indirect taxes
P.Ravichandran Chandran
 
Computation of tax liability
Computation of tax liabilityComputation of tax liability
Computation of tax liability
P.Ravichandran Chandran
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or profession
P.Ravichandran Chandran
 
Rent Free Accomodation ppt
Rent Free Accomodation pptRent Free Accomodation ppt
Rent Free Accomodation ppt
P.Ravichandran Chandran
 
Basic concepts of Tax
Basic concepts of TaxBasic concepts of Tax
Basic concepts of Tax
P.Ravichandran Chandran
 
Perks
PerksPerks
Allowances
AllowancesAllowances

More from P.Ravichandran Chandran (16)

Valuation of excisable goods
Valuation of excisable goodsValuation of excisable goods
Valuation of excisable goods
 
Types of excise duties
Types of excise dutiesTypes of excise duties
Types of excise duties
 
Powers of Central Excise Officers
Powers of Central Excise OfficersPowers of Central Excise Officers
Powers of Central Excise Officers
 
Excise duty assessment
Excise duty assessmentExcise duty assessment
Excise duty assessment
 
Excise duty registration
Excise duty registrationExcise duty registration
Excise duty registration
 
Classification of excisable goods
Classification of excisable goodsClassification of excisable goods
Classification of excisable goods
 
Clearance of excisable goods
Clearance of excisable goodsClearance of excisable goods
Clearance of excisable goods
 
Appeals in excise duty
Appeals in excise dutyAppeals in excise duty
Appeals in excise duty
 
Excise duty
Excise dutyExcise duty
Excise duty
 
Indirect taxes
Indirect taxesIndirect taxes
Indirect taxes
 
Computation of tax liability
Computation of tax liabilityComputation of tax liability
Computation of tax liability
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or profession
 
Rent Free Accomodation ppt
Rent Free Accomodation pptRent Free Accomodation ppt
Rent Free Accomodation ppt
 
Basic concepts of Tax
Basic concepts of TaxBasic concepts of Tax
Basic concepts of Tax
 
Perks
PerksPerks
Perks
 
Allowances
AllowancesAllowances
Allowances
 

Recently uploaded

Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
IPLTech Electric
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
hello960827
 
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium PresentationKirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip
 
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
essorprof62
 
Pro Tips for Effortless Contract Management
Pro Tips for Effortless Contract ManagementPro Tips for Effortless Contract Management
Pro Tips for Effortless Contract Management
Eternity Paralegal Services
 
Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
Cor Verdouw
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
dazzjoker
 
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Niswey
 
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fixKalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
satta Matta matka 143 Kalyan chart jodi 6366249026
 
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper PresentationKirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
Rbc Rbcua
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani case
 
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
BBPMedia1
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
PennapaKeavsiri
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
msthrill
 

Recently uploaded (20)

Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
 
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
 
deft. 2024 pricing guide for onboarding
deft.  2024 pricing guide for onboardingdeft.  2024 pricing guide for onboarding
deft. 2024 pricing guide for onboarding
 
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium PresentationKirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
 
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
❽❽❻❼❼❻❻❸❾❻ DPBOSS NET SPBOSS SATTA MATKA RESULT KALYAN MATKA GUESSING FREE KA...
 
Pro Tips for Effortless Contract Management
Pro Tips for Effortless Contract ManagementPro Tips for Effortless Contract Management
Pro Tips for Effortless Contract Management
 
Enhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: IntroductionEnhancing Adoption of AI in Agri-food: Introduction
Enhancing Adoption of AI in Agri-food: Introduction
 
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdfRegistered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
 
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
 
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fixKalyan chart 6366249026 India satta Matta Matka 143 jodi fix
Kalyan chart 6366249026 India satta Matta Matka 143 jodi fix
 
Kirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper PresentationKirill Klip GEM Royalty TNR Gold Copper Presentation
Kirill Klip GEM Royalty TNR Gold Copper Presentation
 
list of states and organizations .pdf
list of  states  and  organizations .pdflist of  states  and  organizations .pdf
list of states and organizations .pdf
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan ChartSatta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
 
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...
 
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
 
Science Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around UsScience Around Us Module 2 Matter Around Us
Science Around Us Module 2 Matter Around Us
 
Cover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SUCover Story - China's Investment Leader - Dr. Alyce SU
Cover Story - China's Investment Leader - Dr. Alyce SU
 

Capital gains

  • 1. Income from Capital Gains Dr. P. Ravichandran M.Com., M.B.A., M.A (Astrology)., M.Phil., Ph.D., D.C.P., D.L.L & A.L., P.G.D.C.A., P.G.D.P.M & I.R., S.B.K. College, Aruppukottai – 626101.  9443424090 & 9080030090  e-mail id.- prcapk@gmail.com
  • 2. Capital Gain 2  Profit or gains on the sale of capital asset shall be considered as capital gain.  Any Income derived from a capital asset movable (or) immovable is taxable under the head Capital Gains under Income Tax Act, 1961.
  • 3. Basis of Charge Profit (or) gains arising from the transfer of capital assets during previous year is chargeable under the head capital gains if following conditions are fulfilled; There should be capital Assets. There should be transfer of capital assets. Transfer should take place in previous year. There should be profit or gains.
  • 4. Capital asset Any asset like land, buildings, vehicles, plant & machinery, furniture & fixtures, shares, debentures, goodwill, tenancy rights, leasehold rights, licences, patents, trademarks, etc., Capital asset include property of any kind, whether fixed (or) circulating, movable (or) immovable, tangible (or) intangible. The IRS defines the capital asset as “almost everything you own (or) use for personal purposes (or) investment”.
  • 5. Capital Assets Short-term Capital assets Long-term Capital assets Period of holding is ≤ 36 months Period of holding is > 36 months
  • 6. METHOD OF DETERMINING PERIOD OF HOLDING • In case when the assessee acquires an asset as a gift or by a will, the period for which the previous owner holds the asset is also included.
  • 7. Capital Assets Short-term Capital assets Long-term Capital assets Period of holding is ≤ 36 months Period of holding is > 36 months
  • 8. The period of 36 months is taken as 12 months under following cases (Financial assets):  Listed shares (Equity or Preference),  Securities like debentures, government securities, which are listed in recognized stock exchange,  Units of UTI,  Units of Mutual Funds,  Zero Coupon Bonds.  w.e.f. AY: 2017-18 for unlisted shares (or) land (or) building (or) both is held by the assessee the period of holding has been reduced from 36 months to 24 months. When period is not 36 months
  • 9. EXCEPTIONS TO CAPITAL ASSETS a) Any stock-in-trade, consumable stores (or) raw material held for the purposes of business or profession. b) Movable property of the Assessee including wearing apparel, motor car, electrical appliances, refrigerator, furniture etc.; held for his personal use (or) for the use of any member of his family dependent on him. ► [The exception to this condition is jewellery, archaeological collections, drawings, paintings, sculptures (or) any work of art are treated as capital assets, even though it is meant for personal use.]
  • 10. c) Agricultural land in rural India. d) 6% Gold Bonds 1977, 7% Gold Bonds 1980 or National Defence Gold Bonds 1980, issued by the central government. e) Special Bearer Bonds 1991, and f) Gold Deposit bonds issued under Gold Deposit Scheme of 1999. g) Deposit certificates issued under Gold Monetization Scheme 2015.