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Tag Search Results For 'capital gain' (47)
How Are Bonds Taxed?
The Personal Finance & Tax Blog | September 4th 2008 by Dean P
A bond or debenture is a form of debt that pays interest periodically. Depending on the type of bond or portion of the bond purchased, the tax treatment of the investment income may result in interest income, capital gains, or capital losses. Inter read more
Capital Gains
The Personal Finance & Tax Blog | August 27th 2008 by Dean P
When you sell an investment for more than you paid for it, the difference between the selling price and purchase price is called a capital gain. Conversely a loss is called a capital loss. In Canada, capital gains offer a tax advantage because only 1 read more
Buying A U.S. Vacation Property
The Personal Finance & Tax Blog | August 26th 2008 by Dean P
This information is intended for general information only and should not be relied on as a substitution for professional advice. Any tax advice that may be contained in this communication is not intended or written to be used, and cannot be used, f read more
What Are The Canadian Income Splitting Rules?
The Personal Finance & Tax Blog | August 22nd 2008 by Dean P
Canadian Income Splitting Rules (AKA Attribution Rules) Income splitting rules are collectively known as the “attribution rules” in Canada. The attribution rules are designed to prevent the transfer of property from one related individual read more
Can I Claim Exemption If Physical Shares Are Converted To Demat F…
F.A.Q. on Indian Income Tax Laws! | August 7th 2008 by taxquery
Technorati tags: Capital GainsI am having 100 listed shares in physical form which were acquire by me on 15-11-1999 & on 10-04-2008 it has been dematerialsed in my demat account. These shares are sold on 15-06-2008 by recognized stock exchange on read more
Choice: Rate cut or recession
mrd Blog | July 31st 2008 by Matthew Sweet
IT’S official, the Reserve Bank has gone too far with its relentless run of interest rate rises, with economists now calling for urgent rate cuts to save the country from full-blown recession. Grim economic data released by the Australian Burea read more
What’s Rental Return?
mrd Blog | July 18th 2008 by Matthew Sweet
When I purchase an investment property I will have costs (or outgoings); and these costs will be paid for by: My rental income My tax savings Top up from cash or equity (my shortfall) A rough rule of thumb; and I say rough because there are many in read more
Is Resident Sr.Citizen Liable To Tax On LTCG Below Exemption Limi…
F.A.Q. on Indian Income Tax Laws! | July 15th 2008 by taxquery
My father is a senior citizen with no source of income,recently he sold one of his house properties and has some capital gain income.I would like to know if the minimum limit of Rs 1,95,000 is applicable while calculating tax from income on capital g read more
Is the Capital Gains On Mutual Fund Based In Vienna Taxable in I…
F.A.Q. on Indian Income Tax Laws! | July 10th 2008 by taxquery
How are capital gains of a resident of India on investments made in a fund based in Vienna under the US$ 200,000/- scheme treated under Indian Income Tax laws assuming 1. We are paying tax on such profits abroad and 2. No tax is paid abroad.Ambarees read more
Can One Get Exemption U/s 54 And 54F Together?
F.A.Q. on Indian Income Tax Laws! | July 9th 2008 by taxquery
I had purchased a Residential Plot in Rs 210,000 in May 2003. I sold the plot in June 2008 in Rs 360,000.1. To calculate the capital gain. I need "cost inflation index" for year 2008-09. Has it been declared? If not then generally in which month is i read more
Whether Utilised Amount In Capital Gains Account Scheme Received…
F.A.Q. on Indian Income Tax Laws! | July 7th 2008 by taxquery
Income Tax Act provides many scheme of saving tax on long term capital gains. These , exemption provisions are contained in section 54,54B,54D , 54F etc. The conditions for claiming exemption requires that the gains have to be spend in a specified ma read more
Can You Claim Indexation Benefits In Case Of ESOP Shares?
F.A.Q. on Indian Income Tax Laws! | July 6th 2008 by taxquery
My company in India allotted me shares of the parent company as ESOP in 2001-02 at value $10.25% of the shares vested in 2002-03, 25% in 2003-04, 25% in 2004-05 and 25% in 2005-06.On the vesting dates the value of those shares was $9, $8, $7 and $6. read more
Capital Growth Is King…
mrd Blog | July 4th 2008 by Matthew Sweet
I had lunch today with one of the mrd team members. We discussed an article that I received today, written by a fairly high profile player in our industry. Our lunch time discussion inspired me to write this blog; which I trust will challenge some mi read more
Can You Claim Exemption From Tax By Buying Land & Commercial Pr…
F.A.Q. on Indian Income Tax Laws! | July 1st 2008 by taxquery
We have recently sold long term property jointly owned by me & wife on 17 April 08 for 35 L worth. Property was held more than 5 years & involved LTCG of 12.2 L. Thereafter we purchased land for 13 L on 20 Jun 08 with my wife as 1st owner &am read more
How To Make Tax Planning For Long Term Capital Gains?
F.A.Q. on Indian Income Tax Laws! | June 30th 2008 by taxquery
I am a SENIOR CITIZEN. I sold my property which is a LAND and had a Long Term Capital Gain. I could not utilized the Capital Gain Amount BUT before submitting my Income Tax Return deposited the Capital Gain Amount of 19 lakhs with the SBI under the C read more
Home prices set to rocket again
mrd Blog | June 18th 2008 by Matthew Sweet
GOLD Coast house prices are tipped to rise by a nation leading 22 % over the next three years as Australia’s fastest population growth in two decades fuels a ferocious demand for housing. The Brisbane Inner City along with Brisbane, the Sunshin read more
House prices predicted to rise 22% in South East Queensland
mrd Blog | June 16th 2008 by Matthew Sweet
A leading economic forecaster says house prices on the Gold and Sunshine Coasts in Queensland’s south-east have risen in line with Brisbane. BIS Shrapnel expects prices will increase by 22 per cent over the next three years. Growth slowed in To read more
Capital Gain or Income?
The Personal Finance & Tax Blog | June 4th 2008 by Dean P
For the average person, selling shares results in a capital gain or loss which is subject to preferred tax treatment whereby only 1/2 of the gain is included in income and taxes. However, there are cases when buying and selling securities or other t read more
Can You Get Exemption U/s 54F Even If Builder Does Not Complete H…
F.A.Q. on Indian Income Tax Laws! | May 20th 2008 by taxquery
We have sold a old land long term asset and invested for the purchase and construction of a flat in a apartment in Bangalore, with the one year of sold of asset and claimed deduction u/s 54 f of income tax act, but later the builder is not completed read more
How To Minimise Tax On Huge Gains on Property Sale?
F.A.Q. on Indian Income Tax Laws! | May 7th 2008 by taxquery
I became a member of the housing society and constructed a house ib 1974. The construction cost was2 lacs. Now I desire to sell the house and am definately to mmake considerable capital gain by selling it. How much capital gain will I have to pay? read more
Il Capital Gain e le Tasse da Pagare sui Guadagni di Borsa.
Excellent Investor | May 1st 2008 by Federico
Il Capital Gain indica il guadagno in conto capitale ed è utilizzato per mostrare la differenza tra il prezzo di vendita e quello di acquisto di uno strumento finanziario, come per esempio le azioni. Quando il prezzo di mercato al momento della vend read more
Can You Get Exemption U/s 54 or 54F If House Is Taken On Lease?
F.A.Q. on Indian Income Tax Laws! | April 30th 2008 by taxquery
I am about to purchase a part of house (Linter) in rural Himahcal Pradesh out of my long term capital proceeds. But as per the local by laws outsiders of Himachal cannot purchase such property in rural area... Only via media is that I get the same on read more
Net Capital Losses On Your Notice Of Assessment
The Personal Finance & Tax Blog | April 25th 2008 by Dean P
I had a visitor write me a question yesterday who did not leave an e-mail address to respond. Since the question was non-specific, I’ve chosen to publish the question verbatim and provide my answer here. Question… I have just received a read more
Can You Claim Exemption For Two Separate Years For Investment In…
F.A.Q. on Indian Income Tax Laws! | April 2nd 2008 by taxquery
I have been allotted shares of an US company under ESOP scheme in 1996. these shares are not listed abroad. I have sold some of these shares in FY 05-06 and invested the consideration in a residential property. I have availed the exemption u/s 54F to read more
Do The Capital Gains On Sale Of Residence Get Better Treatment T…
F.A.Q. on Indian Income Tax Laws! | March 30th 2008 by taxquery
I have recently sold my Commercial property for 31.5 lakhs which was purchased in 1999-2000 for 5 lakhs.According to my CA our capital gains comes around 15 lakhs & we have to pay 20% as a Long term capital gain tax.I want to have clarity on foll read more
Studio Apartment in PineForest Resort - Bulgaria
PineForest Resort - Bulgaria | March 19th 2008 by Zhivko Yankov
Studio Apartment in PineForest Resort - Bulgaria include: fitted kitchen with fridge, sink and cooker double bed extendable sofa dinning table with 2 chairs TV with table wardrobe coffee table BATH: fully tiled sink toilet shower SHARETHIS.add read more
One Bedroom Apartment in PineForest Resort - Bulgaria
PineForest Resort - Bulgaria | March 19th 2008 by Zhivko Yankov
One Bedroom Apartment in PineForest Resort - Bulgaria includes: LOUNGE: fitted kitchen with fridge, sink and cooker sofa and arm chair TV with table dinning table with 4 chairs coffee table BEDROOM: double bed TV with table chest of drawers 2 bed read more
Here Is A Recent Good Decison For All Claimants of Dedcution Und…
F.A.Q. on Indian Income Tax Laws! | March 16th 2008 by taxquery
I sold a flat in Sep'07 and intend to re-invest (jointly with mother) in another (self-occupied).1) Can the LTCG made on sale of flat be re-invested any time before due date for filing return (31-7-08) or do we have to deposit the LTCG in the capital read more
Is Painting Gifted By Father~in~ Law Taxable On Its Sale ?
F.A.Q. on Indian Income Tax Laws! | March 13th 2008 by taxquery
Sir, my father in law is a renowned painter and he gifted me some painting at the time of my marriage around 9 years back.. though no paper work for the same was done for the same at that time... though he is still alive and can give me the same in w read more
How To Use Capital Gains Account Scheme To Save Tax?
F.A.Q. on Indian Income Tax Laws! | February 26th 2008 by taxquery
What Is Capital Gains Account Scheme? If you get long term capital gains , Income Tax Act provides certain exemptions under section 54,54B,54D,54F and 54G .In short these exemption are for capital gains earned on account of Sale of a resid read more
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