capital gains

Loss on Sale of Capital Assets The Gujarat High Court in the case of Kishorebhai Bhikhanhai Virani v. ACIT 367 ITR 261 held that the loss on sale of Capital Assets which is covered by section 10(38) cannot be set off against Capital Gains assessable under section 45. Hence, the loss arising out of sale […]

If you have sold your property or planning to sell your property, you may already know that you will attract taxes on this income. The profits gained by selling a property or other capital assets such as stocks or bonds is referred to as capital gains and this income attracts taxes. If you have held […]