Capital Gains2
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This presentation is about taxability of capital Gains under the Inidan Income tax Act, 1961.(sec 45-49 only)
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Presentation on capital gains
This document discusses capital gains tax implications under the Indian tax system. It defines capital assets and notes that profits or gains from transferring a capital asset during the previous year are taxed under capital gains. It distinguishes between short-term capital gains from assets held less than 36 months and long-term capital gains from assets held more than 36 months, noting different tax rates and exemptions apply. The document provides details on calculating capital gains tax liability and available exemptions under sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA.
Exemptions from capital gains
The document outlines various sections that provide exemptions from capital gains tax in India. Section 54 provides exemption for long-term capital gains reinvested from sale of a residential house into purchase or construction of another house. Section 54B provides exemption for gains from sale of agricultural land reinvested into purchase of other agricultural land. Section 54D provides exemption for gains from compulsory acquisition of an industrial undertaking reinvested into land or building of a new industrial undertaking.
Income from Capital gains
Income Tax Act 1961
Capital Gain, Basis of Charge, Capital Asset U/s 2(14) Income Tax Act, Transactions that do not constitute TRANSFER U/s 47, Types of Capital Assets, Computation of STCG, Computation of LTCG, Tax Exemption for Capital Gain.
Deductions out of Gross Total Income
Deductions in respect of Certain Payments under Section 80C to 80GGC
Deductions in respect of Certain Incomes under section 80IA to 80U
Incomes exempt from tax under section 10
Useful for undergraduate students of taxation, covers selected items exempt from tax under section 10 of Income Tax Act 1961
Set off and carry forward of losses
Losses can be set off against income of the same year or carried forward to future years to offset income. Set off of losses occurs either intra-head, where losses of one source offset income of another source within the same head, or inter-head, where losses offset income across different heads. Strict rules govern which losses can offset which incomes both currently and when carried forward. House property losses can be carried forward 8 years against house property income, while long term capital losses can only offset long term capital gains.
Income from Other Sources
This document provides information about income from other sources under the Indian Income Tax Act, including:
- Income from other sources is the residual head of income for any income not covered under other heads.
- Section 56(2) lists specific incomes chargeable under this head, such as dividends, lottery winnings, interest, renting of machinery.
- Other incomes chargeable include various types of interest, director's fees, agricultural income from foreign land, and undisclosed income under sections 68-69C.
Rights issue and bonus issue
Objectives & Agenda :
Companies can use either equity or debt form to raise capital. Equity can be raised by way of rights issue, bonus issue, private placement, public issue, etc. An offer of securities made to the existing shareholders of the Company is a rights issue. Bonus shares may be issued to the members of the Company out of its free reserves, or securities premium account or capital redemption account. The webinar covers the statutory / practical aspects of rights issue and bonus issue, including caveats relating to such issues.
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Presentation on capital gains
This document discusses capital gains tax implications under the Indian tax system. It defines capital assets and notes that profits or gains from transferring a capital asset during the previous year are taxed under capital gains. It distinguishes between short-term capital gains from assets held less than 36 months and long-term capital gains from assets held more than 36 months, noting different tax rates and exemptions apply. The document provides details on calculating capital gains tax liability and available exemptions under sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA.
Exemptions from capital gains
The document outlines various sections that provide exemptions from capital gains tax in India. Section 54 provides exemption for long-term capital gains reinvested from sale of a residential house into purchase or construction of another house. Section 54B provides exemption for gains from sale of agricultural land reinvested into purchase of other agricultural land. Section 54D provides exemption for gains from compulsory acquisition of an industrial undertaking reinvested into land or building of a new industrial undertaking.
Income from Capital gains
Income Tax Act 1961
Capital Gain, Basis of Charge, Capital Asset U/s 2(14) Income Tax Act, Transactions that do not constitute TRANSFER U/s 47, Types of Capital Assets, Computation of STCG, Computation of LTCG, Tax Exemption for Capital Gain.
Deductions out of Gross Total Income
Deductions in respect of Certain Payments under Section 80C to 80GGC
Deductions in respect of Certain Incomes under section 80IA to 80U
Incomes exempt from tax under section 10
Useful for undergraduate students of taxation, covers selected items exempt from tax under section 10 of Income Tax Act 1961
Set off and carry forward of losses
Losses can be set off against income of the same year or carried forward to future years to offset income. Set off of losses occurs either intra-head, where losses of one source offset income of another source within the same head, or inter-head, where losses offset income across different heads. Strict rules govern which losses can offset which incomes both currently and when carried forward. House property losses can be carried forward 8 years against house property income, while long term capital losses can only offset long term capital gains.
Income from Other Sources
This document provides information about income from other sources under the Indian Income Tax Act, including:
- Income from other sources is the residual head of income for any income not covered under other heads.
- Section 56(2) lists specific incomes chargeable under this head, such as dividends, lottery winnings, interest, renting of machinery.
- Other incomes chargeable include various types of interest, director's fees, agricultural income from foreign land, and undisclosed income under sections 68-69C.
Rights issue and bonus issue
Objectives & Agenda :
Companies can use either equity or debt form to raise capital. Equity can be raised by way of rights issue, bonus issue, private placement, public issue, etc. An offer of securities made to the existing shareholders of the Company is a rights issue. Bonus shares may be issued to the members of the Company out of its free reserves, or securities premium account or capital redemption account. The webinar covers the statutory / practical aspects of rights issue and bonus issue, including caveats relating to such issues.
Capital gains ppt
Capital gains tax is levied on profits arising from the transfer of a capital asset. For gains to be taxed under capital gains, there must be a capital asset that is transferred, resulting in profits. Any profits exempted under sections 54-54G are not taxed. Capital assets include all property except certain exceptions like stock-in-trade. Short term capital gains arise from assets held for 36 months or less, while long term gains are for assets held longer. Indexation of cost is used to arrive at capital gains for long term assets by factoring inflation. Profits are taxed differently based on whether the gain is short term or long term.
Transfer of shares revn
The document discusses various aspects of share transfers in private limited companies under the Companies Act. It defines key terms like transfer vs transmission, outlines the process for transferring shares including using a share transfer form and registering the transferee. It also notes restrictions on transferring shares in a private limited company and the right to appeal any refusal of transfer.
Profit & Gains from Business or Profession.
This document provides an overview of income from business and profession under the Indian Income Tax Act. It defines business and profession, outlines the key points and basis of charge for income from business/profession. It also discusses the computation of income, specific deductions allowed, depreciation rules and amounts that are not deductible. The key information includes definitions of business and profession, income includes profits and losses, relevance of accounting method, and that income from illegal businesses is taxable.
CAPITAL GAINS
This document provides an overview of capital gains taxation in India. It defines key terms like capital asset, short-term capital asset, long-term capital asset, and transfer. It explains the computation of short-term and long-term capital gains, and lists various exemptions available. It also discusses the year of chargeability for capital gains and exceptions like compulsory acquisition. Certain transactions like transfer through gifts or partition of HUF are not regarded as transfers that are taxed. The document concludes with providing the cost inflation index values for different financial years.
Income from Capital Gains
- The document discusses the basics of capital gains taxation in India under sections 45-55 of the Income Tax Act.
- Capital gains are the profits arising from the transfer of a capital asset. The key elements are a capital asset, its transfer, and the computation of the capital gain or loss.
- Capital assets are divided into short-term and long-term based on the period of holding, which determines whether the gain is taxed as short-term or long-term capital gain.
Issue of bonus shares in india
This document discusses bonus shares in India. It defines bonus shares as shares issued to existing shareholders out of accumulated profits and reserves. Bonus shares are fully paid and renunciation rights do not apply. Companies can issue bonus shares from reserves, securities premium, and capital redemption reserve. Bonus shares expand capital base, retain cash, add reputation, and make paid-up capital reflect actual capital employed. Advantages are retaining cash for business and more realistic capital structure for companies, while shareholders benefit from increased share numbers and getting back accumulated profits.
Clubbing of income
Clubbing of income provisions allow the income of certain taxpayers to be included in the taxable income of another person under specific circumstances outlined in sections 60-64 of the Income Tax Act. This includes income transferred without asset transfer, income from revocable transfers of assets, income of a spouse from a business in which the other spouse has substantial interest without qualifications, income from assets transferred to a spouse or son's wife without adequate consideration, and income of a minor child. The purpose is to prevent tax avoidance by attributing income to the person who effectively controls or benefits from the income.
Lecture 6 heads of income
This document outlines the different heads of income under which a person's taxable income is classified and assessed in India. The key heads of income are: salary, house property, profits from business/profession, capital gains, and other sources. It provides details on what constitutes income from each of these heads, such as the types of allowances and deductions included in salary income or the conditions for business/profession income to be taxed.
Capital gains
This document discusses income from capital gains in India. It defines capital gains as profits or gains from the sale of a capital asset, which can be movable or immovable property. For an asset to be considered a capital asset under tax law, it must be transferred and result in a profit. Capital assets are classified as short-term if held for 36 months or less, and long-term if held for over 36 months. Certain assets like listed shares have a shorter holding period of 12 months to be considered long-term. The document provides examples of capital assets and exceptions.
Income from other sources
Presentation on computation of income from other sources for the benefit of taxation students, based on provisions of Income tax Act 1961
Deductions from gross total income
This document provides an overview of various deductions that can be claimed under sections 80C to 80U of the Indian Income Tax Act of 1961. It explains key deductions such as those for approved savings and investments of up to Rs. 1.5 lakhs under section 80C, contributions to pension schemes under 80CCD, medical and education expenses under 80D, 80DD, 80E, and donations to certain funds under 80G. It also outlines eligibility criteria and limits for claiming these common tax deductions in India.
Income from house property
Objectives & Agenda :
One of the heads of income under the Income Tax Act is Income from House Property. Under this head, incomes earned from house properties are chargeable to tax. The webinar covers the aspects of basis of charging income to tax under this head, nature of house properties taxed under the Act, manner of computing income chargeable to tax under this head, deductions available under this head and eventually judicial precedents pertaining to this head of income.
Procedure of assessment
Explains the procedure of assessment under the Income-tax Act.
The types of Assessment and relevant provisions
Capital gain
1) The document discusses the taxation of capital gains in India, including the conditions required for a capital gain to be chargeable, the definitions of capital assets and capital gains, and the computation of capital gains.
2) It provides details on the types of capital assets (short term and long term), the meaning of "transfer", and the different types of capital gains (short term and long term).
3) The computation of capital gains involves subtracting the cost of acquisition and cost of improvements from the full value of consideration, with the costs indexed for inflation in the case of long term capital assets.
Membership in a company
Membership in a company can take several forms. Members and shareholders of a company collectively constitute the company as a corporate entity. A person can become a member through subscription, application and registration, beneficial ownership, or by holding qualification shares. Membership can cease through the act of parties such as transferring shares or if they are forfeited, or by operation of law like insolvency or death. Members have various rights like statutory, documentary and legal rights, as well as rights to company assets, and responsibilities that depend on the type of company like one with limited or unlimited liability. A company is required to maintain a register of members and an index of members if it has more than 50.
Introduction To Shares
Shares represent an ownership interest in a company. A share certificate is issued to evidence shares, and is signed by at least two directors and the secretary. Shares can be ordinary shares or preference shares, with preference shares having certain features like priority in dividends. Companies can issue shares at a premium, with premium amounts kept separately and only used for specific purposes like issuing bonus shares. Additional shares must generally be offered first to existing shareholders. Companies may pay dividends to shareholders from profits, and bonus shares can be issued to capitalize profits without shareholders paying additional amounts. Various rules must be followed regarding allotment, minimum subscriptions and deposits for share issuance. Shares can be transferred or transmitted to others according to company articles and
Tax deductions u/s 80c to 80u
This document provides an overview of tax deductions available under Sections 80C to 80U of the Indian Income Tax Act. It explains that these deductions are intended to incentivize taxpayers to engage in socially desirable activities and investments. The key deductions covered include those for life insurance premiums (Section 80C), pension contributions (Section 80CCC), medical insurance (Section 80D), treatment of disabled dependents (Section 80DD), tuition fees (Section 80E), interest on education loans (Section 80E), rent payments (Section 80GG), among others. Eligibility conditions and calculation of allowable deductions for each section are described.
Capital gain
Capital gains are profits arising from the transfer of a capital asset. There are two types of capital assets - short term (held for less than 3 years for non-financial assets and 1 year for financial assets) and long term (held for more than 3 years/1 year). Capital gains are taxed differently based on whether the asset is short term or long term. Indexation of cost is allowed for long term capital gains to account for inflation. Various sections like 54, 54B, 54D, 54EC, 54F provide exemptions from capital gains tax if certain conditions are met like reinvestment of sale proceeds.
ABC of Capital Gains in India
A simple presentation that explains the complex subject of Capital Gains and its taxation in India. Not meant for tax professionals but only for the common man.
Redemption of preference share
Preference shares represent partial ownership in a company and carry preferential rights to dividends and assets. Preference shareholders receive dividends first before common shareholders and do not have voting rights. Preference shares can be redeemed either through company profits, issuing new shares, or a combination. When redeemed through profits, an equivalent amount must be transferred to a capital redemption reserve account.
Capital Gains Taxation
The document discusses capital gains tax under section 45(1) of the Income Tax Act. Some key points include:
1) Capital gains arising from the transfer of a capital asset are taxable as capital gains in the year the transfer takes place.
2) Certain assets like personal household items are not considered capital assets, while others like jewelry, paintings, and cars used for business are.
3) Transfer includes sale, exchange, relinquishment of an asset, or conversion to stock-in-trade. It is taxed in the year of transfer, except for compulsory acquisition or insurance claims, which are taxed in the year compensation is received.
4) Capital gains are classified as short
capital gain
1. The document discusses various aspects related to capital gains tax in India including understatement of consideration, reference to valuation officers, transfers between partners and firms, family arrangements, computation of capital gains, and short term versus long term capital assets.
2. It explains the powers of assessing officers to refer cases to valuation officers if the stated consideration is lower than fair market value and the consequences if the valuation officer arrives at a higher value.
3. The treatment of various transfers like between partners and firms, conversion of assets, insurance claims, and retirement of partners is explained citing relevant case laws and tax law sections.
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Capital gains ppt
Capital gains tax is levied on profits arising from the transfer of a capital asset. For gains to be taxed under capital gains, there must be a capital asset that is transferred, resulting in profits. Any profits exempted under sections 54-54G are not taxed. Capital assets include all property except certain exceptions like stock-in-trade. Short term capital gains arise from assets held for 36 months or less, while long term gains are for assets held longer. Indexation of cost is used to arrive at capital gains for long term assets by factoring inflation. Profits are taxed differently based on whether the gain is short term or long term.
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The document discusses various aspects of share transfers in private limited companies under the Companies Act. It defines key terms like transfer vs transmission, outlines the process for transferring shares including using a share transfer form and registering the transferee. It also notes restrictions on transferring shares in a private limited company and the right to appeal any refusal of transfer.
Profit & Gains from Business or Profession.
This document provides an overview of income from business and profession under the Indian Income Tax Act. It defines business and profession, outlines the key points and basis of charge for income from business/profession. It also discusses the computation of income, specific deductions allowed, depreciation rules and amounts that are not deductible. The key information includes definitions of business and profession, income includes profits and losses, relevance of accounting method, and that income from illegal businesses is taxable.
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This document provides an overview of capital gains taxation in India. It defines key terms like capital asset, short-term capital asset, long-term capital asset, and transfer. It explains the computation of short-term and long-term capital gains, and lists various exemptions available. It also discusses the year of chargeability for capital gains and exceptions like compulsory acquisition. Certain transactions like transfer through gifts or partition of HUF are not regarded as transfers that are taxed. The document concludes with providing the cost inflation index values for different financial years.
Income from Capital Gains
- The document discusses the basics of capital gains taxation in India under sections 45-55 of the Income Tax Act.
- Capital gains are the profits arising from the transfer of a capital asset. The key elements are a capital asset, its transfer, and the computation of the capital gain or loss.
- Capital assets are divided into short-term and long-term based on the period of holding, which determines whether the gain is taxed as short-term or long-term capital gain.
Issue of bonus shares in india
This document discusses bonus shares in India. It defines bonus shares as shares issued to existing shareholders out of accumulated profits and reserves. Bonus shares are fully paid and renunciation rights do not apply. Companies can issue bonus shares from reserves, securities premium, and capital redemption reserve. Bonus shares expand capital base, retain cash, add reputation, and make paid-up capital reflect actual capital employed. Advantages are retaining cash for business and more realistic capital structure for companies, while shareholders benefit from increased share numbers and getting back accumulated profits.
Clubbing of income
Clubbing of income provisions allow the income of certain taxpayers to be included in the taxable income of another person under specific circumstances outlined in sections 60-64 of the Income Tax Act. This includes income transferred without asset transfer, income from revocable transfers of assets, income of a spouse from a business in which the other spouse has substantial interest without qualifications, income from assets transferred to a spouse or son's wife without adequate consideration, and income of a minor child. The purpose is to prevent tax avoidance by attributing income to the person who effectively controls or benefits from the income.
Lecture 6 heads of income
This document outlines the different heads of income under which a person's taxable income is classified and assessed in India. The key heads of income are: salary, house property, profits from business/profession, capital gains, and other sources. It provides details on what constitutes income from each of these heads, such as the types of allowances and deductions included in salary income or the conditions for business/profession income to be taxed.
Capital gains
This document discusses income from capital gains in India. It defines capital gains as profits or gains from the sale of a capital asset, which can be movable or immovable property. For an asset to be considered a capital asset under tax law, it must be transferred and result in a profit. Capital assets are classified as short-term if held for 36 months or less, and long-term if held for over 36 months. Certain assets like listed shares have a shorter holding period of 12 months to be considered long-term. The document provides examples of capital assets and exceptions.
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Presentation on computation of income from other sources for the benefit of taxation students, based on provisions of Income tax Act 1961
Deductions from gross total income
This document provides an overview of various deductions that can be claimed under sections 80C to 80U of the Indian Income Tax Act of 1961. It explains key deductions such as those for approved savings and investments of up to Rs. 1.5 lakhs under section 80C, contributions to pension schemes under 80CCD, medical and education expenses under 80D, 80DD, 80E, and donations to certain funds under 80G. It also outlines eligibility criteria and limits for claiming these common tax deductions in India.
Income from house property
Objectives & Agenda :
One of the heads of income under the Income Tax Act is Income from House Property. Under this head, incomes earned from house properties are chargeable to tax. The webinar covers the aspects of basis of charging income to tax under this head, nature of house properties taxed under the Act, manner of computing income chargeable to tax under this head, deductions available under this head and eventually judicial precedents pertaining to this head of income.
Procedure of assessment
Explains the procedure of assessment under the Income-tax Act.
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Capital gain
1) The document discusses the taxation of capital gains in India, including the conditions required for a capital gain to be chargeable, the definitions of capital assets and capital gains, and the computation of capital gains.
2) It provides details on the types of capital assets (short term and long term), the meaning of "transfer", and the different types of capital gains (short term and long term).
3) The computation of capital gains involves subtracting the cost of acquisition and cost of improvements from the full value of consideration, with the costs indexed for inflation in the case of long term capital assets.
Membership in a company
Membership in a company can take several forms. Members and shareholders of a company collectively constitute the company as a corporate entity. A person can become a member through subscription, application and registration, beneficial ownership, or by holding qualification shares. Membership can cease through the act of parties such as transferring shares or if they are forfeited, or by operation of law like insolvency or death. Members have various rights like statutory, documentary and legal rights, as well as rights to company assets, and responsibilities that depend on the type of company like one with limited or unlimited liability. A company is required to maintain a register of members and an index of members if it has more than 50.
Introduction To Shares
Shares represent an ownership interest in a company. A share certificate is issued to evidence shares, and is signed by at least two directors and the secretary. Shares can be ordinary shares or preference shares, with preference shares having certain features like priority in dividends. Companies can issue shares at a premium, with premium amounts kept separately and only used for specific purposes like issuing bonus shares. Additional shares must generally be offered first to existing shareholders. Companies may pay dividends to shareholders from profits, and bonus shares can be issued to capitalize profits without shareholders paying additional amounts. Various rules must be followed regarding allotment, minimum subscriptions and deposits for share issuance. Shares can be transferred or transmitted to others according to company articles and
Tax deductions u/s 80c to 80u
This document provides an overview of tax deductions available under Sections 80C to 80U of the Indian Income Tax Act. It explains that these deductions are intended to incentivize taxpayers to engage in socially desirable activities and investments. The key deductions covered include those for life insurance premiums (Section 80C), pension contributions (Section 80CCC), medical insurance (Section 80D), treatment of disabled dependents (Section 80DD), tuition fees (Section 80E), interest on education loans (Section 80E), rent payments (Section 80GG), among others. Eligibility conditions and calculation of allowable deductions for each section are described.
Capital gain
Capital gains are profits arising from the transfer of a capital asset. There are two types of capital assets - short term (held for less than 3 years for non-financial assets and 1 year for financial assets) and long term (held for more than 3 years/1 year). Capital gains are taxed differently based on whether the asset is short term or long term. Indexation of cost is allowed for long term capital gains to account for inflation. Various sections like 54, 54B, 54D, 54EC, 54F provide exemptions from capital gains tax if certain conditions are met like reinvestment of sale proceeds.
ABC of Capital Gains in India
A simple presentation that explains the complex subject of Capital Gains and its taxation in India. Not meant for tax professionals but only for the common man.
Redemption of preference share
Preference shares represent partial ownership in a company and carry preferential rights to dividends and assets. Preference shareholders receive dividends first before common shareholders and do not have voting rights. Preference shares can be redeemed either through company profits, issuing new shares, or a combination. When redeemed through profits, an equivalent amount must be transferred to a capital redemption reserve account.
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1) Capital gains arising from the transfer of a capital asset are taxable as capital gains in the year the transfer takes place.
2) Certain assets like personal household items are not considered capital assets, while others like jewelry, paintings, and cars used for business are.
3) Transfer includes sale, exchange, relinquishment of an asset, or conversion to stock-in-trade. It is taxed in the year of transfer, except for compulsory acquisition or insurance claims, which are taxed in the year compensation is received.
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1. The document discusses various aspects related to capital gains tax in India including understatement of consideration, reference to valuation officers, transfers between partners and firms, family arrangements, computation of capital gains, and short term versus long term capital assets.
2. It explains the powers of assessing officers to refer cases to valuation officers if the stated consideration is lower than fair market value and the consequences if the valuation officer arrives at a higher value.
3. The treatment of various transfers like between partners and firms, conversion of assets, insurance claims, and retirement of partners is explained citing relevant case laws and tax law sections.
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- Any capital gains arising from the transfer of a capital asset during an assessment year is chargeable to capital gains tax in the immediately following assessment year, unless exempt.
- For capital gains tax to apply, there must be a capital asset, it must be transferred by the assessee, the transfer must occur during the relevant year, and any profit or gains must arise from the transfer.
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1) Find the indexed cost of acquisition by multiplying the actual cost with the cost inflation index of the year of sale and dividing it by the cost inflation index of the year of purchase.
2) Find the indexed cost of improvements by multiplying the actual cost of each improvement with the cost inflation index of the year of sale and dividing it by the cost inflation index of the respective year of improvement.
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This document discusses capital gains tax in India. It defines capital gains as any profit arising from the transfer of a capital asset. It distinguishes between short-term and long-term capital assets based on the holding period, and discusses the different types of capital gains (short-term, long-term). It also covers topics like calculation of capital gains, indexed cost of acquisition and improvement, exemptions for reinvestment of capital gains in residential houses or specified assets, and the capital gains deposit scheme.
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The document provides an overview of capital gains in India. It defines capital assets and discusses the different types of capital assets and capital gains. It explains that capital gains are taxable if a capital asset is transferred, resulting in a gain. The summary is:
[1] Capital gains arise from the transfer of a capital asset if the sale price is higher than the cost of acquisition and improvements.
[2] Capital assets exclude personal assets and assets held as stock-in-trade.
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Capital Gain Taxation
This document discusses taxation of capital gains in India. It defines short-term and long-term capital assets as those held for less than 36 months and more than 36 months respectively. It outlines what is considered a capital gain and how short-term and long-term capital gains are taxed differently. Specifically, it notes that short-term capital gains are added to one's income and taxed accordingly, while long-term capital gains are taxed at a lower rate after indexing the cost of acquisition and improvement for inflation. The document also lists some capital gains that are exempted from taxation.
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Capital gains
The document discusses capital gains tax in India. Some key points:
- Profits from the sale of a capital asset are taxed as capital gains and deemed as income in the year the asset is transferred.
- A capital asset is broadly defined as property including both movable and immovable assets, tangible and intangible. Certain assets like stock, personal effects, and agricultural land up to certain limits are excluded.
- Capital assets held for over 36 months are considered long-term, while those held for less than 36 months are short-term. Different tax rates apply to long-term versus short-term capital gains.
- Various transactions like distributions on partition of HUF, gifts, transfers
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- Initial recognition of a PPE involves capitalizing all costs required to bring the asset to working condition. Special cases like barter transactions also have specific guidance.
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This document discusses equity share valuation under different statutes. It provides an overview of the purpose of equity share valuation and who can perform valuations. It then discusses valuation requirements and triggers under the key statutes - the Companies Act 2013, Income Tax Act 1961, and Foreign Exchange Management Act 1999. Finally, it covers common methods of valuation including discounted cash flow, capitalization of earnings, and asset-based approaches.
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Capital gains can arise from the transfer of capital assets. Under the Income Tax Act, certain capital gains are fully or partially exempt from taxation if the sale proceeds are invested in specified assets within a prescribed time period. Some of the key exemptions include investments made within 2 years under Section 54 in a new residential house, Section 54B for agricultural land, Section 54D/F for shifting/reestablishing an industrial undertaking, and Section 54EC for specified bonds. Failure to invest in the new asset within the specified time period results in the earlier exempted capital gains becoming taxable in the year of transfer of the new asset.
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Financial Assets: Debit vs Equity Securities.pptx
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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Capital Gains2
- 1. By: Ankit Bansal Sunir Parikh Nayan Bhatia Deekshant Kumar
- 2. Conditions for Tax Liability Condition-1 There should be a Capital Asset. Condition-2 The Capital Asset is Transferred by the assessee. Condition-3 Such Transfer takes place during the previous year. Condition-4 Any Profit or gain arises as a result of transfer Condition-5 Such Profit or gain is not exempt from tax.
- 4. Types of Capital Assets
- 5. Period Of Holding Situations How to Calculate Period of holding Capital Asset Acquired by way of gift, will, inheritance, etc. The period of holding of previous owner should be included Right Shares It should be counted from the date of allotment of right shares Allotment of shares of amalgamated Indian Company against shares of amalgamating company It should be counted from the date of acquisition of shares in the amalgamating company Purchase of shares and security through broker It should be counted from date of purchase by broker on behalf of investor Shares purchased in several lots at different point of time FIFO method should be adopted