What is Form 15CA and 15CB

Income tax department requires taxpayers to furnish certain critical information through various forms on the e filing portal. In case of foreign remittances, a person is required to have knowledge about filing of Form 15CA and Form 15CB. In this article, we will...

Income of Charitable Trusts

A charitable trust is a non-profit organization which is established for the purpose of betterment of society in general or to support a specific section of the society. Upliftment of such sections of the society is general motive of the charitable trusts. Keeping in...

What is transfer in Capital Gains

In income tax act, capital gains are taxed upon transfer of capital assets. Capital assets are defined in Section 2(14) of Income Tax Act, 1961. The concept of transfer is discussed in definition of transfer under section 2(47). Capital gains arises where a capital...

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