All about Capital Gains Tax
You might have made some investment this year, which might yield you in the coming years. Or you might be getting off, of your past investment finding it to be no more rewarding in the current year. But is it so easy to escape, when you have invested for long term or gained some benefits out of your investment in its initial years? No, there’s huge compliance involved in admitting and withdrawing out of investments. The Income Tax Act, 1961 guides for applicability of a Capital Gain tax , where any investor though holding any investment including any movable or immovable property receives any gain or profit out it during its holding period, at its resale, or at its maturity as the case may be. Capital gain tax is charged on the profits and gains realized by the investor on certain investments which the investor has to submit to the Income-tax department. Taxgoal is an online CA service provider agency with a team of dedicated and highly professional tax consultants and compliance ...