Extra Cultivation

There are 195 countries in the world, according to the United Nations. This includes 193 member states and 2 non-member observer states: Vatican City and Palestine. Now let's know all the country's name and their capitals in the Alphabetical ascending order. S.No. Country's Name Capital 1. Afganistan Kabul 2. Albania Tirana (Tirane) 3. Algeria Algiers 4. Andorra Andorra la Vella 5. Angola Luanda 6. Antigua and Barbuda Saint John's 7. Argentina Buenos Aires 8. Armenia Yerevan 9. Australia Canberra 10. Austria Vienna 11. Azerbaijan Baku 12. Bahamas Nassau 13. Bahrain Manam 14. Bangladesh Dhaka 15. Barbados Bridgetown 16. Belarus Minsk 17. Belgium Brussels 18. Belize Belmopan 19. Benin Porto Novo 20. Bhutan Thimphu 21. Bolivia La Paz Sucre 22...

Capital Gains INCOME TAX NOTES PART - 05 CAPITAL GAINS Basis of Charge [Sec. 45] Income is taxable under the head “Capital Gains” if the following conditions are satisfied: 1. There should be a capital asset. 2. The capital asset is transferred by the assessee during the previous year. 3. Any profit or gains arises as a result of such transfer. 4. Such profit or gains is not exempt from tax under section 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA and 54GB. If the aforesaid conditions are satisfied, then capital gain is taxable in the assessment year relevant to the previous year in which the capital asset is transferred. Capital Asset [Sec. 2(14)] “Capital asset” means – 1. Property of any kind held by an assessee (whether or not connected with his business or profession). 2. Any securities held by a Foreign Institutional Investor which has invested in such securities in accordance with the regulations made under the SEBI Act. However, “capital asset” does...