Since 2014
Capital Gains Tax in Theory and Practice
VISION: Journal of Indian Taxation
View Archive Info| Field | Value | |
| Title |
Capital Gains Tax in Theory and Practice
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| Creator |
Akhtar, S. M. Jawed; Associate Professor, Department of Economics, Aligarh Muslim University
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| Subject |
Capital gains, Inflation indexing, Transfer of assets
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| Description |
Capital gains arise from the sale of assets other than those held in the ordinary conduct of business. For example, gains from the sale of a house by the house owner are capital gains while gains from appreciation in the value of houses held by a real estate dealer are ordinary gains of business. A decrease in the value of an asset is called a capital loss. In India, capital gains tax is levied within the framework of Indian Income Tax Act, 1961. Sections 45 to 55A of the Act relate to the taxation of capital gains. Since capital gains are not annual accruals from a given source but represent appreciation in the market value of assets over a period of time, they are treated on a different footing. The preferential treatment is given to long-term capital gains only. This paper examines the various theoretical issues associated with the taxation of capital gains and the present system of taxing capital gains in India.
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| Publisher |
Journal Press India
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| Date |
2015-06-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.myresearchjournals.com/index.php/VISION/article/view/2417
10.17492/vision.v1i1.2417 |
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| Source |
VISION : Journal of Indian Taxation; Vol 1, No 1 (2014)
2347-4475 |
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| Language |
eng
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| Relation |
http://www.myresearchjournals.com/index.php/VISION/article/view/2417/2346
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| Rights |
Copyright (c) VISION : Journal of Indian Taxation |
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