Capital Gains and Tax Rules

Under which section of the Income Tax Act are profits from the transfer of a capital asset chargeable to tax?

Which of the following assets would be classified as a capital asset according to Section 2(14) of the Income Tax Act?

How does the Income Tax Act, 1961, address the classification of shares as either stock-in-trade or capital assets for tax purposes?

Which of the following items would be considered 'jewellery' according to Explanation 1 to section 2(14) of the Income Tax Act?

In the context of capital gains taxation, how does the proximity of agricultural land to municipal areas affect its classification as a capital asset?

What was the primary reason for inserting the Explanation to Section 2(14) of the Income Tax Act, as clarified by the Finance Act, 2012?

How does the holding period of a capital asset impact its classification as either a short-term or long-term capital asset for non-resident individuals, specifically concerning securities listed on a recognized stock exchange in India?

Considering the CBDT's directives in Circular No. 06/2016, what conditions must an assessee meet to ensure that income from the transfer of listed shares held for more than 12 months is treated as capital gains?

In light of judicial decisions regarding personal effects, which of the following factors is most critical in determining whether an item qualifies as a personal effect, thus exempting it from capital gains tax upon transfer?

How do exemptions under sections 54, 54B, 54D, 54EC, 54F, 54G, 54GA, and 54H affect the chargeability of capital gains under Section 45(1) of the Income Tax Act?

Considering that securities held by Foreign Institutional Investors (FIIs) are always regarded as capital assets, how does this classification impact their tax liabilities differently from other investors?

In what scenario would the sale of gold utensils be subject to capital gains tax?

What is the significance of the Supreme Court's decision in Maharaja Rana Hemanth Singhji v. CIT (1976) concerning the definition of 'personal effects'?

How does the judgement of PVS Raju v. ACIT (2012) impact the classification of shares as capital assets or stock-in-trade?

What is the implication of the CBDT instruction issued on May 2, 2016, regarding the treatment of unlisted shares?

Which scenario would most likely lead to a dispute regarding the classification of surplus from the sale of shares as either 'Business Income' or 'Capital Gains'?

Considering the provisions related to agricultural land, under what conditions would the transfer of agricultural land in India be subject to capital gains tax?

What legal precedent did the Finance Act, 2012, aim to counteract with the insertion of the Explanation to Section 2(14)?

How do the principles established in CIT v. Benarashilal Kataruka (1990) affect the determination of whether silverware items are considered personal effects?

In the context of capital gains, how is the transfer of a Unit Linked Insurance Policy (ULIP) issued on or after 01.02.2021, treated if the exemption u/s 10(10D) does not apply?

How does the Explanation to Section 2(14) affect the taxation of offshore transactions involving the transfer of shares in foreign companies that derive substantial value from Indian assets?

What is the primary distinction between holding shares as an investment versus holding them as stock-in-trade, according to established legal principles?

In what situation would a taxpayer be unable to change their stance on whether to treat surplus from the sale of listed shares as Capital Gain or Business Income?

According to judicial interpretations, why might a large collection of similar silverware articles not be considered 'personal effects'?

How does the definition of 'transfer' under Section 2(47) of the Income Tax Act, influence the applicability of capital gains tax?

When determining whether surplus from the sale of shares should be taxed as 'Business Income' or 'Capital Gains', which factor would carry the most weight in the Assessing Officer's decision, according to CBDT guidelines?

In the context of Section 45(1), what specific condition must be satisfied for profits arising from the transfer of a capital asset to be chargeable to tax under the head 'Capital Gains'?

How does the principle established in CIT v. Saroj Goenka (1983) regarding loose diamonds impact their classification as capital assets?

Under what circumstances might items of silverware, such as dinner plates and bowls, be subject to capital gains tax?

How did the insertion of the Explanation to Section 2(14) specifically address the taxation of indirect transfers of assets located in India?

When an assessee transfers securities listed on a recognised stock exchange in India after holding them for a period, will the classification of such asset as short-term or long-term capital asset depend on the date of transfer?

According to Circular No. 06/2016, under which condition would the Assessing Officer (AO) be more inclined to scrutinize the nature of a transaction involving the sale of listed shares?

Which of the following scenarios highlights the point that mere classification of shares in the books of account of the assessee is not relevant for determining the nature of income for income-tax purposes.

In the case of silver utensils, what specific detail is considered to determine whether it is a capital asset?

According to the Act, Securities held by FIIs (Foreign Institutional Investors) shall always be regarded as a capital asset. What is the implication of this rule?