
You might like reading:

Opinion: BRICS vs MIKT – the race has just begun!
The term BRIC (Brazil Russia India China) was coined by Jim O Neil to signify the impact that these four countries will have on the world economy. BRIC today has expanded itself to become BRICS with the inclusion of South Africa and is widely regarded as a trading block that will dictate terms of world economic growth in the 21st […]

Capital Gains – when and to what extent are they exempt from tax
The Income-tax Act grants total/partial exemption of capital gains under section 54, 54B, 54D, 54EC, 54F, 54G, 54GA and 54H. It is possible to avail of multiple exemptions under these sections. However, the aggregate amount of exemption cannot exceed the quantum of capital gain. In this article I shall be explaining exemption of capital gains under section 54, 54EC & […]