Infoniatic

This clause is applicable when a closely held company issues shares to a resident person on premium. In such a case, (I…

Section 56(2)(x) governs the provisions regarding taxability of gifts received by a person on or after 1st April 2017. …

Rule 11UAE of the Income Tax Rules, 1962 prescribes provisions regarding computation of Fair Market Value (FMV) of capi…

As per section 2(42C) of the Income Tax Act 1961, slump sale means the transfer of one or more undertaking, by any mean…

Section 45(1) of the Income Tax Act, 1961 is considered to be the charging section of income under the head 'Capita…

Section 55 prescribes provisions regarding determination of cost of improvement of a capital asset for the purpose of c…

Section 55 prescribes the provisions regarding determination of cost of acquisition of a capital asset for the purpose …

Where any partner/member receives any capital asset or stock in trade from firm/AOP/BOI at the time of dissolution or r…

Section 45(4) of the Income Tax Act 1961 prescribes provisions regarding taxation of capital gains on transfer of asset…

The income chargeable under the head Capital Gains shall be calculated as under: Full Value of Consideration (FVOC) rec…