Inside the Union Budget, 2018 - Analysis of amendment in Sec 54EC
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As per the proposed amendment in Finance Bill, 2018, exemption from long term capital gains shall be allowed only in respect of transfer of land or building or both. Further, the lock-in- period of bonds issued on or after 1.04.2018 has been sought to be amended to 5 years instead of 3 years. Read details to know its implications.
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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.
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The document provides details about various exemptions available under the Indian Income Tax Act for capital gains. It discusses sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA and 54GB which provide exemption from capital gains tax if the amount of capital gains is invested in specified assets within prescribed time limits. Key conditions, timelines and consequences of not meeting the conditions are explained for each section. The document also covers capital gains tax rates and provisions for non-residents.
Capital-Gains-CA-Rajesh-Mehta-24-07-2020.pdf
The document discusses various aspects related to the taxation of capital gains in India.
1) Gains from the sale of assets that are not considered capital assets under section 2(14) of the Income Tax Act are not liable to capital gains tax. This includes personal cars and agricultural land.
2) Capital assets are defined as property held by the assessee, excluding certain assets like stock-in-trade. Agricultural land is excluded if it is rural land.
3) Capital gains are classified as short-term or long-term based on the holding period of the asset. Various time periods apply to different types of assets.
4) Exemptions are available under sections 54, 54EC
Finance Bill, 2018 Amendments Passed by the Lok Sabha
The Lok Sabha on Wednesday passed the Finance Bill, 2018 amendments. Here're the snippets of changes made in finance bill, 2018. For more information visit https://www.taxmann.com/.
#Inside the budget 2018_Long Term Capital Gains
This document provides an overview of long term capital gains tax provisions in India before and after the 2018 budget.
1) Previously, long term capital gains on listed shares were exempt from tax if securities transaction tax (STT) was paid. In 2017, an additional condition was added that STT must also be paid at acquisition.
2) In the 2018 budget, the Finance Minister proposed taxing long term capital gains exceeding Rs. 1 lakh at 10% to broaden the tax base and curb misuse. Total exempted gains were around Rs. 3.67 lakh crores.
3) Illustrative examples are provided to explain the new tax treatment based on the date of acquisition and sale of
Capital gains-1
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.
Capital Gain Deduction.pptx
Capital gains tax exemptions can be claimed under several sections for profits earned from selling capital assets like land, buildings, mutual funds and more. Section 54 provides full exemption for long-term capital gains reinvested in one residential house in India. Section 54B does the same for gains reinvested in purchasing and cultivating agricultural land. Other sections like 54D, 54EC, 54EE, 54F, 54G and 54GA provide exemptions for reinvesting gains in specific bonds or in shifting business from an urban to rural/SEZ area, with time limits for purchase and exemptions capped at Rs. 50 lakh.
Taxability on Capital Gains
This document discusses the taxation of capital gains in India under the Income Tax Act of 1961. It defines capital assets and differentiates between short-term and long-term capital assets. Gains from the transfer of short-term capital assets are taxed at normal rates, while long-term capital gains are taxed at concessional rates of 10-20% depending on the type of asset and owner. The document also outlines several exemptions available for capital gains reinvested in residential houses, agricultural land, specified bonds, shifting of business to rural areas, and more.
Taxability on Capital Gains
This document discusses the taxation of capital gains in India under the Income Tax Act of 1961. It defines capital assets and differentiates between short-term and long-term capital assets. Gains from the transfer of short-term capital assets are taxed at normal tax rates, while long-term capital gains are taxed at concessional rates. There are various exemptions available for capital gains reinvested in residential houses, agricultural land, specified bonds, shifting of industrial undertakings, and more. The document provides details on computation of capital gains and applicable tax rates for different types of taxpayers.
Capital gains section 54.pptx1111111111111111111111111111
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Comprehensive tax planning for long term capital gains
An article that comprehensively covers tax planning for capital gains and reinvestment of long term capital assets. This article includes various landmark and recent case laws that will assist an individual in planning his taxes even before the sale of the asset!
Sanjeev ghai irs
Capital gains arising from the transfer of a capital asset are taxable under section 45(1) of the Income Tax Act. Gains are considered long-term if the asset was held for 36 months or more (12 months for shares/mutual funds) and short-term otherwise. Capital gain is calculated by deducting the indexed cost of acquisition from the sale consideration. In the case of the sale of a residential property, gains can be exempted if another house is purchased within 1-2 years or constructed within 3 years of the sale. Capital losses can be carried forward for 8 years but cannot be set off against other income heads. Certain transfers of capital assets like units of Unit Scheme 1964 are exempt from capital gains tax.
Budget 2017-18 - analysis of direct tax proposals
No change in tax slabs
The rate of income tax for individuals and HUF within the slab of 2.5 lakhs to Rs. 5 lakhs reduced from 10% to 5%.
Additional surcharge of 10% on the tax payable by a person having total income exceeding Rs. 50 lakhs but not exceeding Rs. 1 crore.
Income Tax Implications on Joint Development Agreements and FDI in Real Estat...
Income Tax Implications on Joint Development Agreements and FDI in Real Estat...DVSResearchFoundatio
This document discusses income tax implications of joint development agreements (JDAs) and foreign direct investment (FDI) in real estate projects in India. It provides an overview of JDAs, the tax treatment of capital gains from JDAs under section 45(5A) of the Income Tax Act, case studies analyzing the tax treatment in different scenarios, and issues around deducting profits from housing projects and regulations around FDI in real estate. The key highlights are the revised tax position for JDAs, taxation of capital gains upon receipt of completion certificate rather than transfer, and the conditions for 100% FDI under the automatic route in real estate development.EXEMPTIONS OF CAPITAL GAIN
the simple, brief, precise and clear cut information and presentation about exemptions of capital gains in certain cases.
Income tax caital gains exemptions
section 54 of income tax act 1961 covered in part covered with carry forward and set off of losses in case of capital gains
Capital gains
The document discusses the tax treatment of advance money received for property transfers, explaining that advance money received after 2014-15 is taxed as income in the year received and cannot be deducted from the cost of acquisition. It also provides an example calculating capital gains where advance money was forfeited after 2014-15. Finally, it outlines various capital gains tax exemptions available under sections 54F, 54G, 54GA, 54GB, and 54H.
Amendments in Union Budget 2017
Budget Analysis of Union Budget 2017 in relation to amendments made in Income Tax Act, 1961 and Service Tax. A comprehensive and detailed analysis in simple language for better understanding of every class of readers.
Taxability of Capital Gains 2022.ppt
- 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.
- Certain assets are excluded from the definition of capital assets, including certain personal assets and government securities. Capital assets are classified as short-term or long-term based on the period of holding, with different tax rates and exemptions applying.
Capital gain
The document discusses various sections of the Indian Income Tax Act that provide exemptions on capital gains arising from the transfer of residential house property, agricultural land, and other capital assets. Section 54 provides exemption on long-term capital gains from transfer of a residential house if another house is purchased within 2 years. Section 54B provides similar exemption for transfer of agricultural land. Section 54EC allows exemption if the capital gains are invested in specified bonds within 6 months. The exemptions are subject to conditions like reinvestment of the capital gains amount within the prescribed time periods.
Similar to Inside the Union Budget, 2018 - Analysis of amendment in Sec 54EC (20)
Understanding income tax - capital gains - final part
Understanding income tax - capital gains - final part
Finance Bill, 2018 Amendments Passed by the Lok Sabha
Finance Bill, 2018 Amendments Passed by the Lok Sabha
Capital gains section 54.pptx1111111111111111111111111111
Capital gains section 54.pptx1111111111111111111111111111
Comprehensive tax planning for long term capital gains
Comprehensive tax planning for long term capital gains
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Income Tax Implications on Joint Development Agreements and FDI in Real Estat...
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学校原件一模一样【微信：741003700 】《(SU毕业证书)美国雪城大学毕业证成绩单》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
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◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
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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一比一原版(Lincoln毕业证)新西兰林肯大学毕业证如何办理
Lincoln硕士毕业证成绩单【微信95270640】办理新西兰林肯大学毕业证原版一模一样、Lincoln毕业证制作【Q微信95270640】《新西兰林肯大学毕业证购买流程》《Lincoln成绩单制作》新西兰林肯大学毕业证书Lincoln毕业证文凭新西兰林肯大学
本科毕业证书,学历学位认证如何办理【留学国外学位学历认证、毕业证、成绩单、大学Offer、雅思托福代考、语言证书、学生卡、高仿教育部认证等一切高仿或者真实可查认证服务】代办国外（海外）英国、加拿大、美国、新西兰、澳大利亚、新西兰等国外各大学毕业证、文凭学历证书、成绩单、学历学位认证真实可查。
[留学文凭学历认证(留信认证使馆认证)新西兰林肯大学毕业证成绩单毕业证证书大学Offer请假条成绩单语言证书国际回国人员证明高仿教育部认证申请学校等一切高仿或者真实可查认证服务。
多年留学服务公司,拥有海外样板无数能完美1:1还原海外各国大学degreeDiplomaTranscripts等毕业材料。海外大学毕业材料都有哪些工艺呢？工艺难度主要由：烫金.钢印.底纹.水印.防伪光标.热敏防伪等等组成。而且我们每天都在更新海外文凭的样板以求所有同学都能享受到完美的品质服务。
国外毕业证学位证成绩单办理方法：
1客户提供办理新西兰林肯大学新西兰林肯大学毕业证学位证信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
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6快递给客户（国内顺丰国外DHLUPS等快读邮寄）
— — — — 我们是挂科和未毕业同学们的福音我们是实体公司精益求精的工艺！ — — — -
一真实留信认证的作用(私企外企荣誉的见证):
1：该专业认证可证明留学生真实留学身份同时对留学生所学专业等级给予评定。
2：国家专业人才认证中心颁发入库证书这个入网证书并且可以归档到地方。
3：凡是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部网内查询个人身份证信息后同步读取人才网入库信息。
4：个人职称评审加20分个人信誉贷款加10分。
5：在国家人才网主办的全国网络招聘大会中纳入资料供国家500强等高端企业选择人才。问山娃想买什么想吃什么山娃知道父亲赚钱很辛苦除了书籍和文具山娃啥也不要能牵着父亲的手满城闲逛他已心满意足了父亲连挑了三套童装叫山娃试穿山娃有点不想父亲说城里不比乡下要穿得漂漂亮亮爸怎么不穿得漂亮望着父亲山娃反问道父亲听了并不回答只是吃吃地笑山娃很精神越逛越起劲父亲却越逛越疲倦望着父亲呵欠连天的样子山娃也说困了累了回家吧小屋闷罐一般头顶上的三叶扇彻夜呜呜作响搅得满屋热气腾腾也搅得山娃心烦意乱父亲一的
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原版定制【微信:bwp0011】《(sheffield学位证书)英国谢菲尔德大学毕业证文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
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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我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
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Our Online Consumer Legal Forum offers comprehensive guidance to individuals and businesses facing consumer complaints. With a dedicated team, round-the-clock support, and efficient complaint management, we are the preferred solution for addressing consumer grievances.
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快速办理(SCU毕业证书)澳洲南十字星大学毕业证文凭证书一模一样
学校原件一模一样【微信：741003700 】《(SCU毕业证书)澳洲南十字星大学毕业证文凭证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
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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Inside the Union Budget, 2018 - Analysis of amendment in Sec 54EC
- 1. INSIDE THE BUDGET-SEC 54EC RJSP & ASSOCIATES CHARTERED ACCOUNTANTS FCA Ruchika Jain ruchika@rjspassociates.com +91 - 98 11 55 3406 C-123, II Floor, Preet Vihar, Delhi – 110092 + 91 - 49 40 6882
- 2. 1 | P a g e INSIDE THE BUDGET – SEC 54EC RJSP & Associates SECTION 54EC – PRE-BUDGET 2018 ▪ The erstwhile section 54EC provides for exemption of capital gains arising from ▪ transfer of any long term capital asset, ▪ to the extent of the amount of long term capital gains ▪ upto a maximum limit of INR 50 lakhs, ▪ for the amount invested by the assessee ▪ in the “long-term specified asset” being the specified bonds of National Highways Authority of India (NHAI) & Rural Electrification Corporation Limited (RECL) or any other bond notified by Central Government in this behalf ▪ the investment has to be made within a period of 6 months after the date of transfer ▪ lock-in period of the specified bonds is 3 years AMENDMENT IN SECTION 54EC BY FINANCE BILL, 2018 1. After the words “long-term capital asset”, the words “, being land or building or both,” shall be inserted 2. The definition of term “long-term specified asset” for making any investment under this section has been amended to mean as under: (i) on or after the 1st day of April, 2007 but before the 1st day of April, 2018, means any bond, redeemable after three years and issued on or after the 1st day of April, 2007 but before the 1st day of April, 2018; (ii) on or after the 1st day of April, 2018, means any bond, redeemable after five years and issued on or after the 1st day of April, 2018, by NHAI, RECL or any other bond notified by Central Government FCA Ruchika Jain
- 3. 2 | P a g e INSIDE THE BUDGET – SEC 54EC RJSP & Associates AMENDMENT IMPACT & ANALYSIS 1. Exemption for long term capital gains shall be allowed only in respect of transfer of land or building or both. Thus, exemption u/s 54EC shall be no longer available for any other capital asset like shares, mutual funds, gold etc. from A.Y. 2019-2020, i.e., the current A.Y. 2018-19 is the last year for claiming exemption for such other long term capital assets. 2. The lock in period of bonds issued on or after 1.04.2018 has been sought to be amended to 5 years instead of 3 years. Illustration ▪ Date of transfer of long term capital asset (say Gold) : 01.01.2018 ▪ Relevant Assessment year in this case : A.Y. 2018-19 ▪ In such case, the specified bonds can be purchased upto 6 months, i.e., 01.07.2018 ▪ What shall be the lock-in period in case bond is purchased on: (1) 15.02.2018 or (2) 1.04.2018? Situation Date of purchase of bonds Lock-in-period 1 15.02.2018 3 years 2 01.04.2018 3 years or 5 years?? ✓ The controversy may arise as to whether the lock-in-period in such case shall be 3 years or 5 years. ✓ The Finance Bill, 2018 provides that “long-term specified asset” for making any investment under this section on or after the 1st day of April, 2018, means any bond, redeemable after five years and issued on or after the 1st day of April, 2018. ✓ Further, the amendment proposed to Finance Bill, 2018 in section 54EC as clarified in Notes to Clauses and Memorandum to Finance Bill, shall apply w.e.f. 1st April, 2019, i.e., A.Y. 2019-20 & subsequent years. ✓ Therefore, in such cases, for the transfer of capital asset made during the F.Y. 2017-18 relevant to A.Y. 2018-19, it is advisable that the investment in bonds should be made before 1.04.2018 else the lock-in-period may be treated as 5 years instead of 3 years. FCA Ruchika Jain Disclaimer: This document has been prepared by us in the summary form, based on information available on public domain. This document indicates the opinion of the author and is not a substitute for reader’s independent judgement and opinion.