Agriculture Land: agriculture land in rural area is not covered in definition of Capital asset hence no capital gain is applicable in case of sale of agriculture land .
Cost Inflation Index is used for Calculating Long term Capital Gain. Every year, Income Tax department notifies Cost Inflation Index. CII is very useful to calculate .
Income Tax Calculator for 2016-17 : Calculate Income Tax, Educational Cess, Surcharge, Eligible Deductions, taxable Income, Slab-wise Income of Individuals and HUFs
Q.8 Is the benefit of indexation available while computing capital gain arising on transfer of short-term capital asset? Ans: Indexation is a process by which .
Income Tax Calculator for 2017-18 (AY 2018-19) For Resident Individuals & HUFs. Calculate Taxable Income and Income Tax liability for Assessment Year 2018-19 (for .
Income Tax Slab for FY 2016-17 (AY 2017-18) for Individuals (Men & Women), HUFs, Senior Citizens, Partnership Firm, Domestic Company and Capital Gains
The STCG (Short Term Capital Gains) tax rate on equity funds is 15%. The STCG tax rate on Non-Equity funds (or) Debt funds is as per the investor’s income tax slab .
Wealth Tax Has been Abolished in the Budget for 2015-16 . Changes that were effected from earlier years, i.e., the FY 2014-15 (AY 2015-16)