Académique Documents
Professionnel Documents
Culture Documents
GAINS
MDI 2004
Tarun Chaturvedi
Contents
Chargeability
Capital
Assets
Transfer
of Assets
Computation
Terms
of Capital Gains
used in computation
Computation
Tax
of Capital Gains
in special cases
shelters available
Essential elements of
taxation of capital gains
Capital Asset
Tax shelters
Transfer
Taxable
Cap Gains
Who is liable
To pay
Year of tax
Capital Assets
Taxable
Goodwill,
Route Permits
Capital Asset
Non-taxable
Controlling Interest
in a company
Tenancy Rights
Currency
appreciation if
currency kept for
purchase of raw
materials
Etc.
Etc.
2.
3.
2.
4.
5.
6.
Extremely
wide
definition. All assets
not specifically
excluded are taxable
Capital Asset
Short Term
What is Transfer?
Transfer in relation to a capital asset includes:
1.
Sale
2.
Exchange;
3.
4.
5.
6.
Gift / Will;
2.
3.
4.
5.
6.
of these are
useful planning
tools
Expenditure on transfer
Cost of Acquisition
Cost of improvement
CAPITAL GAINS
This may be long term or short term
Each
Insurance compensation
Unique concept
is the main
benefit of LTCG
Slump sale
Thank You
THANK YOU