Classification of capital assets as short term / long term based on period of holdingBy Udyamica Professionals / May 4, 2020 Summary of period of holding of various class of capital assets as per section 2(42A) of the Income tax act,1961. Meaning of abbreviation used: STCA: Short term capital asset LTCA: Long term capital asset
Cost Inflation Index : Income tax 2019-20 Income Tax As per Notification No. So 3266(E) [No. 63/2019 (F.No. 370142/11/2019-TPL)], Dated 12-9-2019, following table should be used for the Cost […]
The Taxation Laws (Amendment) Bill, 2019 Income Tax Key highlights of the major changes in the Taxation Laws (Amendment) Bill, 2019 viz-a-viz Taxation Laws (Amendment) Ordinance. i.e […]