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Capital Gains in case of Joint development agreements Section 45(5A)

Capital Gains in case of Joint development agreements – Section 45(5A)   It is a common procedure nowadays and a win-win situation for both the parties i.e., the land owner and the developer to enter into Joint Development Agreement. Herein, the resources and the efforts of the landowner and the developer are combined together so as … Continue reading “Capital Gains in case of Joint development agreements Section 45(5A)”

Capital Gains in case of Compulsory Acquisition of an asset Section 45(5)

Capital Gains in case of Compulsory Acquisition of an asset Section 45(5)   What is compulsory acquisition? Compulsory acquisition means, where the government acquires rights in the land, property from an individual or business in order to benefit society such as constructing roads, rails, metros, infrastructure etc.   With reference to Section 45(5) In some … Continue reading “Capital Gains in case of Compulsory Acquisition of an asset Section 45(5)”

Capital Gains on Conversion of Capital Asset into Stock-In-Trade Section 45(2)

Capital Gains on Conversion of Capital Asset into Stock-In-Trade Section 45(2)   What is Stock-In-Trade? The goods kept in hand by a business for the purposes of its trade. For example, a person dealing in electronic items such as laptop, printers, computers will be his stock-in-trade.   With reference to Section 45(2) At the time … Continue reading “Capital Gains on Conversion of Capital Asset into Stock-In-Trade Section 45(2)”

Capital Gains in Case of Insurance claim on damage of Capital asset – Section 45(1A)

Capital Gains in Case of Insurance claim on damage of Capital asset Section 45(1A)   What is an insurance claim? An insurance claim is a formal request by a policyholder to an insurance company for compensation for a covered loss. The insurance company validates the claim (or denies the claim). If approved, payment to insured … Continue reading “Capital Gains in Case of Insurance claim on damage of Capital asset – Section 45(1A)”

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