alexa

Search in Indianmoney's WealthPedia

User
As per the Income-tax Law, gain arising on transfer of capital asset is charged to tax under the head ?Capital gains?. What constitutes ?transfer? as per Income-tax Law?

By IndianMoney , 8 months ago

Usually, the transfer of property means sale. However, for the purpose of law 'transfer' mean: 1. Sale or exchange of the asset 2. Compulsory acquisition 3. Conversion of capital asset into stock-in-trade 4. Redemption or maturity of a zero-coupon bond 5 Extinguishment of any rights related to capital assets.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.