“Agriculture Income” means- Any rent or revenue received from the land which is situated in India and is used for agricultural purposes; Any income derived from such land by agricultural operations including processing of the agricultural products raised or received as rent in kind so as to render it fit for the market, or...
Continue readingImpact of Budget 2020 on Long Term Capital Gain
Capital asset, according to section 2(14), mean the property of any kind held by an assessee, whether or not connected with his business or profession, any security held by a Foreign Institutional Investor (FII) which was invested in such securities in accordance with a regulation made under the SEBI Act, 1992 Type of Capital...
Continue reading