Webb13 sep. 2024 · Section 48: Method Of Computing Capital Gain Ritik Chopra , 13 September 2024 Share 1. For all assessees and all assets except shares and debentures owned by a non-resident (a) Short-term capital gain shall be computed by deducting out of full value of consideration the following amounts: Webb9 sep. 2024 · Section 48 Mode of computation. The income chargeable under the head “Capital gains” shall be computed, by deducting from the full value of the consideration received or accruing as a result of the …
Income Tax:AY 20-21:CG: Capital gains-part 2- 1st proviso to
WebbSection 9 (1) (vi) of the Act defines the taxability of royalty income in India and had defined royalty to include transfer of all or any rights (including the granting of licence) in respect of patent, invention, model, design and secret formula or … WebbFinance Act, 2016 has inserted proviso to section 48 w.e.f. 1-4-2024 stating that while computing capital gains arising ot a non-resident assessee on redemption of rupee denominated bond of an Indian company subscribed by him, the gain arising on account of appreciation of rupee against a foreign currency shall be ignored for the purpose of … flowlu software
Section 48 of Income Tax Act: Compute Taxable Income Under Capital …
Webb10 apr. 2024 · Ans: The 1st proviso of Section 48 shall apply only when the Securities are purchased in Foreign Currencies by the non residents . Hence in such a case, the 1st … Webb25 maj 2024 · “11UAE.Computation of Fair Market Value of Capital Assets for the purposes of section 50B of the Income-tax Act. (1) For the purpose of clause (ii) of sub-section (2) of section 50B, the fair market value of the capital assets shall be the FMV1 determined under sub-rule (2) or FMV2 determined under sub-rule (3), whichever is higher. Webb13 sep. 2024 · [Proviso 3 to section 48]. (ii) Transfer of Soverign Gold Bond issued by RBI under the Soverign Gold Bond Scheme,2015. (iii) Transfer of shares in or debentures of … flow lula youtube