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Indian Market, Regulation & Taxation

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Indian Market, Regulation & Taxation

Capital Gains Tax

Tax on the profit realised when a capital asset is transferred.

Taxable Gain = Sale Consideration - Cost of Acquisition - Cost of Improvement - Transfer Expenses ₹ Indian Market, Regulation & Taxation

Carry Forward of Losses

The ability to carry an unabsorbed loss into future years to set off against future income of the permitted type.

Test: the return is filed by the due date, and the loss is set off in later years only against income of the category the rules permit ₹ Indian Market, Regulation & Taxation

CDSL

The Central Depository Services Limited, India's second depository, holding securities in electronic form.

Test: the demat account number is a 16-digit numeric identifier qualitative Indian Market, Regulation & Taxation

Commodity Transaction Tax

A tax on the sell side of non-agricultural commodity derivative transactions on recognised exchanges.

CTT = Sell-Side Transaction Value x Applicable Rate % Indian Market, Regulation & Taxation

Cost of Acquisition

The amount treated as having been paid for an asset, used as the base against which a capital gain is computed.

Capital Gain = Sale Consideration - Cost of Acquisition - Transfer Expenses ₹