Income Tax Provisions on Sale of Listed Equity Shares: Short-Term Capital Gains (STCG): Applicable if shares are held for 12 months or less. Tax Rate: 20% (under Section 111A) + surcharge + cess. Condition: Sale must take place on a rec ...
Section 79 of the Income Tax Act pertains to the carry forward and set-off of losses in case of certain companies, primarily addressing restrictions on carrying forward losses when there is a change in the company's shareholding. Below is a summ ...
Introduction – In Finance Act 2022, two new TDS sections have been inserted in Income Tax Act, which are effective from 01-07-2022. Applicability of Section 194RIt is applicable on any person whether resident or non-resident responsible for provi ...
TDS u/s 194Q and TCS u/s 206C(1H)a Introduction of Provisions – Section 194Q was introduced and inserted in the Income Tax Act, 1961 vide the Finance Act, 2021 and it is applied from 1st July, 2021. While Section 206C(1H) was introduced and inser ...
Methods to determine the arm length price As per the Indian transfer pricing provisions, income arising from an international transaction with an associated enterprise must be computed having regard to the arm’s length price. The calculation of t ...
