PPT-Controversies under Capital Gain

RNMaharwal BCom FCA DISA ICAI 9828197927 Section 45 Charging section Section 47 Transfer not regarded as transfer Section 48 Mode of computation Section 49 Cost with reference to certain modes. Capital Gains and Losses. 2014 Cengage Learning. Income . Tax Fundamentals . 2014. Student Slides. Gerald E. . Whittenburg. . Martha . Altus-. Buller. Steven Gill. 1. Define a Capital Asset. 2014 Cengage Learning. Capital Gains and Losses. 2013 . Cengage. Learning. Income Tax Fundamentals . 2013. Student Slides. Gerald E. . Whittenburg. . Martha . Altus-. Buller. Steven Gill. Define a Capital Asset. 2013 Cengage Learning. Farm . Transfers. AAE 320. Based on work of . Philip . E. Harris. Center for Dairy Profitability. Dept. of . Agricultural and Applied Economics. University of Wisconsin-Madison/Extension. Goal. To understand the options for transferring farm assets from one generation to the next and the tax consequences of each option. Is it relevant to . developing countries?. 1.3 million. African/South . Asian. 250 annually. 2:1 death ratio. Screening. First world guidelines. Is this appropriate?. 33. % . < . 50. 20% . < 40. Arrangement of sections. By CA CMA CS . Melam. Ram . Pavan. Kumar. rampavankumar@yahoo.com. Arrangement of Sections - Definitions. Section. Definition. 2(1B). Amalgamation. 2(14). Capital asset. 2(19AA). UNDER INDIAN . INCOME TAX ACT 1961. (Amended - Finance Act. 13). CHARGEABILITY U/S 45. 2. Any profit or gain arising from the . sale or transfer . of a C. apital Asset . is chargeable to tax under the head “capital gains”. It is deemed to be income of the previous year in which transfer of capital asset takes place.. Is the seller a CT taxpayer that declares its income based on effective income or that transfers the shares to a related party? . Ordinary income . (CT+ Final Taxes) . Yes. No. Is the capital gain higher than 10 UTA (approximately USD 8,000)?. Charged on the profit arising on disposal of capital assets. Rate of CGT in . 2015 . is 33%. Capital Gains Tax. The charge to CGT. Section 28 TCA 97. CGT “…shall be charged in accordance with the Capital Gains Tax Acts in respect of capital gains, that is, in respect of chargeable gains computed in accordance with those Acts and accruing to a person on the disposal of assets.”. Speakers:. Dawn Polin. Senior Manager, Cherry . Bekaert. LLP. Cathy Harris. President, Harbor Tax Group. Agenda. The preferential 1231 LT capital gain rate of 20% was put in place to encourage investment . Planning. Presented by:. CA Vijay Kr . Agrawal. , JAIPUR. MCOM,FCA,DISA,DIRM,LLB,NDDY, CCCA, CCFAFD, DAT. Phone: +91 9828149043 . Email: . catvijay@yahoo.com. Capital gains.. 45..  (1) Any profits or gains arising from the transfer of a capital asset effected in the previous year . Ordinary income . (CT + Final Taxes). Yes. No. Did the seller acquire the property prior to year 2004? . Yes. Prior to the Tax Reform:. Generally a non taxable income. No. Did the seller acquire the property prior to September 29, 2014? . Date:20-12-2022 . P . P. SINGH. . LLB, FCA, CS, B.Sc.(H). 97115210609871229590. CA PP SINGH. . LLB . , FCA, CS. , B.SC (H). Contact No. +91-9711521060, 9871229590. cappsingh@gmail.com. Post-qualification experience of around 23 years in the field... AN ECONOMIC POLICY THAT PROVIDES CAPITAL GAIN TAX RELIEF. Tupil Narasiman February 2020. Investing in Opportunity Zones. How the policy works. The Tax Cuts and Jobs Act (TCJA,) introduced Opportunity Zones Investing. . .