Capital gains tax on inherited property arises when the receiver of such property sells it. On receiving an inherited property, no capital gains tax applies […]
Tag: capital gains
Short-Term Capital Gains Tax on Shares
Capital gains are profits arising out of the transfer of capital assets like securities, units of mutual funds, immovable property, precious stones, goodwill, etc. Gains […]
Set Off and Carry Forward of Losses
Losses are hard to digest, but the Indian tax law provides benefits when a firm or company incurs losses. The provisions are Set Off and […]
LIC MF Large Cap Fund
LIC MF Large Cap Fund’s net asset value (NAV) as of 12th April 2022 is ₹ 40.8239 (monthly). The trailing returns over different periods are […]
Tax rebate under section 87A
The income tax rebate under section 87A is for people who have a salary below the pre-defined limit. The act brings down the tax burden […]