Moneycontrol
SENSEX NIFTY

Taxable Income

What does capital asset include?

Capital assets mean property of any kind held by the assessee except:

(a) Stock in trade, consumable stores or raw materials held for the purpose of business or profession.

(b) Personal effects, being moveable property (excluding Jewellery, archaeological collections, drawings, paintings, sculptures or any other work of art) held for personal use.

(c) Agricultural land, except land situated within or in area upto 8 kms, from a municipality, municipal corporation, notified area committee, town committee or a cantonment board with population of at least 10,000.

(d) Six and half percent Gold Bonds, National Defence Gold Bonds and Special Bearer Bonds.

e) Gold Deposit Bonds under Gold Deposit Scheme, 1999 notified by the Central Govt.

Source: Income Tax Department

Salaries

Income from House Property

Business

Income from Other Sources

Wealth Tax

TDS

PAN

General

Taxable Income

Return of income

Assessment

Due dates for filing tax returns

Deductions

NRIs

Sections
Follow us on
Available On