CAPITAL GAIN CALCULATION AND TAX SAVINGS

The profit arising from the sale of any property (capital asset) referred to as Capital Gain is chargeable to tax as Capital Gains. However, Income Tax Act provides for various schemes for saving tax on such capital gains under Section 54, 54B, 54D, 54F etc.

However, as per the provisions of the above said sections, the amount is required to be reinvested in specified asset types within a specified time period. If the due date of filing income tax returns falls before the expiry of the above said time period, the amount of capital gains is required to be parked temporarily in the Capital Gains Account Scheme, which can be further withdrawn at the time of investment in the specified instrument.

Our team will help you in Capital Gain computation and tax planning to save tax with the application of Income Tax provisions and suggesting the proper course of investment options.