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We are dedicated to helping individuals and businesses navigate the complex world of taxes. We offer a wide range of services, including tax preparation, tax planning, and compliance with all relevant tax laws and regulations.
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A range of services under one roof
Explore tailored financial and tax services from GST filing to Company Registration. Elevate your strategy with expert Chartered Accountants.
Income Tax & Notices
We provide expert assistance with income tax filing, compliance, notices, and dispute resolution to ensure your tax matters are handled efficiently and effectively.
Company Registration
We offer comprehensive company registration services to help you establish and grow your business, including company formation, registration, and compliance.
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We provide reliable payroll compliance services to ensure your payroll is accurate, compliant with regulations, and delivered on time, so you can focus on growing your business.
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We offer ISO certification services to help your business improve quality, efficiency, and customer satisfaction, and stay ahead of the competition.
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Our patent services help you protect your unique inventions and ideas, and give you a competitive edge in the market.
How to Save Capital Gains Tax on Sale of Land
To save capital gains tax on land sale in India, invest the gains in specified options under Section 54F or 54EC. Buy or construct a residential house within 1–3 years, or invest in Capital Gains Bonds (REC/NHAI) within 6 months (limit ₹50 lakhs). You can also deposit gains in a Capital Gains Account Scheme (CGAS) before the return filing deadline if reinvestment is pending. Ensure compliance with conditions to claim exemption. Consulting a tax advisor ensures proper planning and documentation
How to Calculate Capital Gain
To calculate capital gains, subtract the cost of acquisition (adjusted for inflation using the Cost Inflation Index, if long-term) and expenses (like brokerage or legal fees) from the sale value of the asset.
Formula:Capital Gain = Sale Price – (Indexed Purchase Price + Expenses)
If the asset is held for over 24 months, it’s a long-term capital gain (LTCG); otherwise, it’s short-term (STCG).
Decide on Long term or Short term Capital Gain
ChatGPT said:
To determine if a capital gain is long-term or short-term, check the holding period of the asset before sale. For land or buildings, if held more than 24 months, it’s a long-term capital asset; if held 24 months or less, it’s short-term. The holding period is calculated from the purchase date to the sale date. Long-term capital gains (LTCG) are taxed at lower rates, often with indexation benefits, while short-term capital gains (STCG) are taxed as per your income slab. Always verify asset type and duration to classify gains correctly and apply the appropriate tax treatment.
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