We provide Capital Gains Consulting Services
Capital gains tax is a tax levied on the profit that an individual or entity earns from selling a capital asset such as a property, stocks, or bonds. It is important to understand the tax implications of capital gains in India and seek expert advice to optimize tax planning.
We offer capital gain consulting services to help clients navigate the complexities of capital gains tax laws. Our team of experienced chartered accountants has a deep understanding of the Indian taxation system and can provide customized solutions to minimize tax liability and maximize returns.
We offer a range of services including:
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Capital Gains Tax Planning: Our experts can help you plan your capital gains tax liability through strategies such as tax-loss harvesting, holding period optimization, and use of tax-exempt investments.
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Capital Gains Tax Compliance: We assist our clients in meeting their capital gains tax compliance requirements by filing tax returns and ensuring that all relevant documents are maintained and updated.
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Capital Gains Tax Audit: Our team can conduct a thorough audit of your capital gains tax transactions to ensure that they comply with relevant tax laws and regulations.
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Capital Gains Tax Advisory: We provide expert advice on various aspects of capital gains tax, including tax implications of investments, mergers and acquisitions, and transfer pricing.
We believe in providing personalized solutions to our clients to help them achieve their financial goals. Our team of experts is dedicated to providing timely and accurate advice to ensure that our clients make informed decisions about their investments and taxes.
Contact us today to learn more about our capital gain consulting services and how we can help you optimize your tax planning and returns.
Send an Enquiry to us for Capital Gains Consultancy.
Capital Gain taxes can be paid through the Income-tax portal.
Click Here to send an enquiry to us! Book Your Online/Inperson Appointment Now!
FAQ’s on Capital Gains
Q1: What is capital gains tax in India?
Capital gains tax is a tax levied on profits earned from selling capital assets such as property, shares, mutual funds, or bonds. The tax rate depends on the type of asset and the holding period.
Q2: How is capital gains tax calculated on the sale of property?
Capital gains tax on property is calculated based on the difference between the sale price and the indexed cost of acquisition, improvement, and transfer. The rate depends on whether the asset is classified as “short-term” or “long-term.” Please note as per recent tax laws, indexation benefit is not available for all types of assesses. Please consult before proceeding on the transaction.
Q3: What is the difference between short-term and long-term capital gains?
Short-term capital gains (STCG) apply when assets are sold within a specified period (e.g., less than 24 months for property), while long-term capital gains (LTCG) are for assets held longer. LTCG usually enjoys indexation benefits and lower tax rates.
Q4: Are there any exemptions available for capital gains tax?
Yes. You may claim exemptions under sections such as 54, 54F, and 54EC of the Income Tax Act, often by reinvesting the gains in specified assets like residential property or capital gains bonds.
Q5: How can our firm help in capital gains tax planning?
We offer complete guidance on structuring transactions, maximizing eligible exemptions, maintaining compliance, and advising on optimal investment strategies to reduce your overall capital gains tax liability.
Q6: Is capital gains tax applicable to NRIs (Non-Resident Indians)?
Yes, NRIs are subject to capital gains tax on assets sold in India. The tax calculation, TDS, and repatriation rules may vary based on asset type and residency status.
Q7: What documents are required for capital gains tax compliance?
You should maintain sale agreements, purchase documents, registration papers, improvement cost evidences, and any reinvestment proof for exemptions.
Q8: Should I get my capital gains before hand or after the transaction is completed?
Its highly recommended to have a Capital Gains consulting before entering into the transaction since various options in tax savings can be explored if the same is done before the trasactions take place. Having a consulting after the transactions will have minimal opportunities for tax planning. A capital gains consulting can be beneficial in complex cases or high-value transactions to ensure accuracy, compliance, and peace of mind.
Q9: What happens if I miss reporting capital gains in my income tax return?
Failing to report capital gains may lead to penalties, interest, and other scrutiny by the tax department. Timely filing ensures compliance and avoids legal hassles.
Q10: Can I consult online for capital gains tax queries?
Yes, you can book an online appointment with our experts for consultation and advisory on capital gains tax matters. Please check the link provided here for booking an appointment.