Tag Archives: #IndianTaxPolicies

What is capital gain tax in India a simple way with examples in

Capital gain tax in India Capital gains tax is a tax levied on the profit realized from the sale of an asset. In India, capital gains tax is divided into two categories – short-term capital gains and long-term capital gains. Short-term capital gain tax in India is applicable when an asset sell within 2 years… Read More »

What does Tax Audit mean in India?

Meaning of Tax audit In India, a tax audit refers to a thorough examination of a taxpayer’s accounts and financial statements conducted by a qualified chartered accountant. The primary objective of a tax audit is to verify the taxpayer’s compliance with the provisions outlined in the Income Tax Act, 1961 and to ensure the accuracy… Read More »

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