The Basic Principles Of 54 cash
The Basic Principles Of 54 cash
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The key benefit of an asset becoming termed as a protracted-phrase funds asset is that the assessee is eligible for the benefit of indexation. Additionally, selected exemptions are qualified only for extensive-phrase money belongings.
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In simple terms, it's only the profit gained by the individual on sale of the property that is definitely taxable. Profit would be the difference between the sale price and the expense of the asset.
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As per the earnings tax act, for the goal of capital gains, assets are categorized into two kinds dependant upon the Keeping period of the asset:
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