"A Chartered Accountant by profession . Currently pursuing PhD in taxation. Working in the field of Direct Tax and taking lectures for Taxation. Cleared in first attempt with self study and exemption in Taxation at both inter & final. Scored 90/100 in accounts in CA inter and was a rankholder in CA CPT."
The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capital gains taxation, easing compliance and aligning with asset transfer principles.
Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective April 2025.
Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, and removal of indexation benefits.
Tax implications of investing in specified mutual funds and market-linked debentures (MLDs) post-amendment under Section 50AA, with examples.
Explore the amendments in Capital Gain exemptions under Section 54 & 54F in the Budget 2023, aiming to limit exemptions for high net worth individuals.
