February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 55 : Meaning of “adjusted”, “cost of improvement” and “cost of acquisition”55. (1) For the purposes of sections 48 and 49,— (a) [***] (b) “cost of […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54H : Extension of time for acquiring new asset or depositing or investing amount of capital gain54H. Notwithstanding anything contained in sections 54, 54B, 54D, 54EC and 54F, where the transfer […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54GB : Capital gain on transfer of residential property not to be charged in certain cases54GB. (1) Where,— (i) the capital gain arises from the transfer of a long-term capital […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54G : Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area54G. (1) Subject to the provisions of sub-section (2), where the capital gain arises from […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54F : Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house54F. (1) Subject to the provisions of sub-section (4), where, in the case of an […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54EE : Capital gain not to be charged on investment in units of a specified fund54EE. (1) Where the capital gain arises from the transfer of a long-term capital asset […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54ED : Capital gain on transfer of certain listed securities or unit not to be charged in certain cases54ED. (1) Where the capital gain arises from the transfer before the 1st day of […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54EC : Capital gain not to be charged on investment in certain bonds54EC. (1) Where the capital gain arises from the transfer of a long-term capital asset […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54EB : Capital gain on transfer of long-term capital assets not to be charged in certain cases54EB. (1) Where the capital gain arises from the transfer of a long-term capital asset […]
February 28, 2018Published by Law@HostBooks at February 28, 2018Categories CHAPTER IV - Computation of total income Income-tax Act 1961Section – 54EA : Capital gain on transfer of long-term capital assets not to be charged in the case of investment in 55[specified securities]54EA. (1) Where the capital gain arises from the transfer of a long-term capital asset […]