Market UpdatesApr 2, 20212 min readSection 55 of Income Tax Act, 1961 (Capital Gain)[Section 55(2)(a)]Capital Gain in case of Self Generated Assets Following assets are self generated assets if they are not purchased: (i)...
Market UpdatesMar 28, 20211 min readSection 49 of Capital Gain [Section 49(2)] Transfer of Shares of amalgamating company in place of shares of amalgamated company in case of amalgamation Any transfer...
Market UpdatesMar 27, 20211 min read[Section 46A] Capital Gain on Buyback of shares (Amendment for June 2021)Buy back of securities, other than shares is a transfer for its holders Sale Consideration : Amount received by a shareholder from the...
Market UpdatesMar 26, 20212 min read[Section 47A(1)] Withdrawal of exemption provided under section 47(iv) / (v)Any transfer of capital assets by a company to its 100% Indian subsidiary company or by a 100% subsidiary company to its 100% Indian...
Market UpdatesMar 25, 20211 min readSection 45(5): Capital Gain on transfer by way of compulsory acquisitionThis section is applicable in following cases: (a) When transfer of a capital asset is by way of compulsory acquisition, or, (b) When a...
Market UpdatesMar 21, 20211 min readAmendment on treatment of Assets acquired before 01/04/2001Cost of Acquisition: If an assets is acquired before 01/04/2001 its cost of acquisition shall be higher of the following: (a) Actual cost...
Market UpdatesMar 16, 20211 min readACCOUNTING RATIOS (CLASS 12th)Here you will get the pdf notes of Accounting ratios for class 12th which you can also download from here. We'll provide notes of other...
Market UpdatesMar 13, 20212 min readINCOME TAX SCENARIOS/ CASE STUDYQues: Mr. X is an salaried person who does intraday and delivery equities. X is not trading in F&O. Now, Mr. X is confused which ITR...
Market UpdatesMar 5, 20211 min readMarket Updates and NewsKotak Mahindra Bank: Private sector lender Kotak Mahindra Bank will handle the salary account of Indian army personnel, the bank said on...
Market UpdatesMar 4, 20211 min readEasy Trip Planners Limited (EaseMyTrip) IPO Details > Company Incorporated in 2008, and is the 2nd largest online travel agency in India in terms of gross revenue. > The online travel...
Market UpdatesMar 2, 20211 min read7th proviso to Section 139(1): Mandatory furnishing of return in case of High Value TransactionsA person (other than company and firm), who is not required to furnish a return of income as per provision, has made the following...