Valuation Requirement under Income Tax

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In case of assets acquired by tradition or gift, the period of holding of the earlier owner shall also be included in the computation of the 24 months limit.Short term asset: If the period of holding of an asset is 24 months or less, it is termed a Short term capital asset.

However, the particular consideration shall get replaced by the rule value if the rule value of the asset on the date of transfer is quite the particular sale consideration.Guideline value is that the value fixed by the govt for stamp tax purposes.

Cost of acquisition: Cost of gaining consists of the gaining value, stamp tax paid at the time of buying, and payments incurred for purchase eg.

Commission paid & Document writing charges paid if any.When the asset was acquired by the taxpayer by way of Gift, Inheritance, or by way of family partition, the cost of such asset shall be cost invited by previous owners.

Expenses like Fencing or Compound wall construction, Land leveling expenses, road construction, and other facilities will be considered a cost of the improvement.Expenses incurred on or after 01/04/2001 only will be considered as a cost of progress, expenses incurred before 01/04/2001 should not be considered.

TDSEach deal relating to the sale of immovable property by a Nonresident is topic to Tax deduction at source (TDS).

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Fortunately, last year's quiz helps students score well on tests.

Solving last year's quiz is important for students who are preparing for GATE exam.Suppose a GATE aspirant has a problem with a particular subject, such as math, and can solve the question sheet from the Previous year papers for GATE.

Let's look at some points about the importance of last year's questionnaire.1.Practice makes perfect peopleTo prepare for the exam, students must pay close attention to all subjects included in the curriculum.

Previous year papers for GATE will helps students assess their grades in Gate exam 2021.

This should 100% help them prepare for the Gate examination.2.Manage your time efficientlySolving previous year's question paper will help students evaluate the best way to write their answers during the exam.

By practicing answering the questionnaire last year, students can improve their response time management skills.3.Be confident during the examSolving the questionnaire from the previous year will help students understand the types of questions that will be asked about patterns and exam.

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It can be evidently observed that MF has clearly outperformed ULIP returns in most of the categories.

For 5 year period, Mutual Funds have provided better returns in every category as compared to ULIPs.

There is a marginal difference in returns in the large cap category in both the durations with ULIPs trailing MFs but providing better returns for 10-year period.

Investing for a longer duration such as 10 years, the returns earned in a ULIP scheme is very close to those earned by investing in mutual fund scheme.

Also we should never forget the basic rule which says never mix insurance with investment as both these serves different purposes.

Mutual Funds are subject to market risks please read the offer document carefully before investing.

Will the stock market crash?

Read this article to get a fact-based clear understanding of when and why the stock market crashes.