Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Cut of date for LTCG

Budget - By: - CA DEV KUMAR KOTHARI - Dated:- 11-2-2016 - Budget suggestion: Option for Fair Market Value (FMV) be granted for capital assets held for 10 years or more. Present position: At present option to assessee is allowed to take fair market va .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to adopt FMV as on 01.04.1981 instead of actual cost of acquisition in hands of assesse/ previous owner (in case of acquisition by way of gift/ under will or inheritance etc from previous owner). Inflation: There has been substantial inflation in man .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ertaining allowable inflated cost of acquisition while computing long-term capital gains for assets transferred during FY 2015-16. If 100% inflation be considered then CII would be 1408 for FY 2015-16 as against allowed at present 1081. The cut of da .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

have, from time to time considered inflation to increase tax rates, amount of tax in presumptive taxation for the reason that there has been inflation. However, they have almost remained spectator of inflation but no changes or proposed minimal chan .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version