Dr. Sujit Dutta

Stamp duty value vs sale price

Stamp Duty Value vs Actual Sale Price: Which One Governs Capital Gains Tax?

1 Comment / Indian Direct Tax /

Stam duty value is the value adopted by the Stamp Valuation Authority (SVA) to levy stamp duty on the registration of properties as guidance value to determine the undervaluation of land or buildings, if any, in the sale agreement. Stamp duty valuation is Important for the seller under income tax laws. Under Section 50C, if

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Regular or Composition? Understanding the Right GST Option

3 Comments / Indirect Tax /

The composition levy is an alternative method of levy of tax designed for small taxpayers. The objective of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers. It allows small businesses to: All persons registered under the Composition Scheme shall file Form GSTR-4 every quarter through the GST

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GST returns and reconciliation

Understanding Key GST Returns and the Reconciliation Process

5 Comments / Indirect Tax /

GST reconciliation refers to the act of comparing the GST returns filled by the taxpayer with the financial records of the business. It’s a crucial process for businesses to ensure accuracy and compliance. GSTR-9C is a form for annual GST reconciliation statement filed by applicable taxpayers. Every registered person whose aggregate turnover during a financial year

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Rebate, marginal relief and surcharge

Rebate, Marginal Relief, Surcharge and Tax Liability in Tax Management

2 Comments / Indian Direct Tax /

Chandrakant asked: Sir, Tell something about rebate u/s 87A Professor said: Rebate is a tax benefit provided to middle to low-income earners. It is provided only to resident individuals, earning income within 10% slab rate.  Rs. 60,000 rebate is allowed for income within Rs. 12 lakh under the new regime and Rs. 12,500 for income

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Sections 54, 54EC and 54F: Relief from LTCG Tax

1 Comment / Indian Direct Tax /

Capital gains do not always lead to tax liability. Long-term capital gains tax liability can be significantly reduced if one understands the exemption provisions properly. Sections 54, 54EC and 54F of the Income-tax Act provide valuable relief to taxpayers who transfer long-term capital assets and would otherwise be required to pay substantial tax. Let us

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Arbitrage in business strategy

Arbitrage Learning in Business Strategy

3 Comments / International Finance /

In theory, a given currency should carry the same price in different locations/markets. However, market inefficiencies resulting from communication difficulties may result in different prices emerging in different locations at the same time. Arbitrage, takes advantage of these inefficiencies to the benefit of a trader. The process of buying goods/currency in one market and selling

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Tax Treatment of Share Transactions in Income Tax

Leave a Comment / Indian Direct Tax /

Share capital is the most popular and convenient source of long term finance for companies. The organizations utilise multiple types of issues to raise public funds from the capital market. The IPOs and FPOs are one of those issues through which a company issue (sell-off) financial securities like equity shares for the investors to subscribe.

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Equity or Debt? Understanding Financial Breakeven and Indifference Point

1 Comment / Finance /

The students were settling into the Corporate Finance class, some eagerly taking the front seats while many quietly occupied the back benches. The room buzzed with low conversations as notebooks and laptops came out. The professor stood calmly in front of the smart board, glanced around the classroom, and smiled. He wrote a few key

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