Page-5 of Taxation in India Current Affairs, GK & News

S Ramesh takes charge as new chairman of Central Board of Indirect Taxes and Customs

S Ramesh, a 1981 batch officer of the Indian Revenue Service (Customs and Central Excise), has taken over charge as the new chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes. Prior to his elevation, he was Member (Administration) in the Board. He succeeded Vanaja N ..

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S Ramesh appointed as new chairman of Central Board of Indirect taxes and Customs (CBIC)

S Ramesh has been appointed as the new chairman of Central Board of Indirect taxes and Customs (CBIC). He will succeed Vanaja N. Sarna on July 1. The CBIC is the apex body for administering the levy and collection of indirect taxes of the Union of India viz. Central Excise duty, Customs duty and Service ..

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Property Tax in India

The term ‘property’ stands for tangible real estate owned by a person. It includes houses, office places, rented out properties etc. Taxes are the primary source of income of the government and they determine the kind and amount of resources being available to the people. Property tax is recognised across the world as property is ..

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Capital Gains versus Capital Receipts

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims question was asked if investment in paintings is a capital gains tax} etc. Difference between Capital Gains and Capital Receipts Though they sound alike, capital gains and ..

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Long Term Capital Gains

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital Gains tax is of two kind viz. Short term and long term. Current policy of the government is that while there is a 15% tax on short ..

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