Capital Gain Taxation

FAQs
Capital Gain Taxation

Capital Gains, simply put, is profit received on sale of a capital asset owned. It comes into your possession by direct purchase, gift or inheritance, or rights conferred by a company.
Income Tax Act considers land, house/apartment, building, machinery, jewellery, antiques, paintings, art work, debt funds, equity funds, shares, company bonds, debentures, government securities, patents, trademarks, and leasehold rights as your capital asset.

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Shares and securities

Can a NRI open a PPF a/c in India? NRI’s are not allowed to subscribe to PPF Account. However, if someone opens a PPF Account while he is a resident of India but subsequently becomes a NRI, he shall be allowed to continue investing in his account. Can NRI invest ...

Immovable property

Purchase of immovable property in India Pinto, is a PIO holder and intends to purchase an immovable property in India. Is she permitted to do so? Under the general permission by RBI, NRIs and PIOs are permitted to purchase immovable property in India. The general permission, however, covers only purchase ...

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