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Source: Live Mint Tax on capital gains has long led to disputes in many areas. One such area is capital gains from the sale of leasehold or tenancy rights. Selling tenancy rights is quite common in Mumbai, where several tenanted properties are undergoing redevelopment. It is an accepted legal position that such rights are capital…
Source: Live Mint Mint gives you a handy guide on how to report capital gains from shares and equity mutual funds. Choose the right ITR form ITR-2 is the most common form for individuals and Hindu Undivided Families (HUFs) who have income from capital gains but no business income. For individuals or HUFs with income from…
Source: Live Mint I am a non-resident Indian (NRI) and hold shares in a US-based company whose parent is in India. I’ve been informed that, as part of a restructuring, the Indian parent is offering existing shareholders of its US subsidiary the option to either exit or exchange their US shares for shares in the…
