Indian Finance Bill 2023: Could proposed amendment to Sec. 55 give rise to taxable capital gains in case of all transactions in capital field?
February 3 2023
Open Access Video
The Indian Finance Bill, 2023 has proposed amendment to Sec. 55(2)(a) of the Income Tax Act, 1961 ("the Act") for expanding the meaning of the expression 'cost of acquisition' for the purposes of Sec. 48 and Sec. 49 of the Act. This video deals with the relevant aspects, and with the following three questions:
For Patrons and Subscribers:
Conversion of an Indian company into an LLP and the capital gains articles in Indian tax treaties
Reduction of share capital of an Indian company and the capital gains articles in tax treaties
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