Commerce World of American Institute of Accountancy in Dibrugarh.

Commerce World of American Institute of Accountancy in Dibrugarh. is The Criminalcreation,The novel is mainly about(2) Transfer of shares in or debentures of an Indian Company by a non-resident assessee [ Provision 2 to section 48 ](3) Transfer of an undertaking or division (assets etc.) in slump sale [ section 50 B ](4) Transfer of units purchased in foreign currency [ Section 115 B ](5) Global Depository Receipts (GDRs) or bonds purchased in foreign currency by a non-resident [ section 115 AC ](6) Global Depository Receipts ( GDRs) or bonds purchased in foreign currency by any resident individual [ section 115 ACA ](7) Securities ( other than units referred to in section 115AB) purchased by Foreign Institutional Investors (FIIs) [ Section 115AD ]Important Points(1) The benefit of Indexation of cost is available in respect of units of UTI or mutual funds.(2) Indexation of cost is not to be done while calculating gain or loss on depreciable assets as such gain / loss in always short term capital gain or loss.(3) No Indexation of cost on transfer of any short term capital asset. Read Novel