Analysis of Section 48 The income chargeable under the head ‘Capital gains’ shall be computed by deducting the following items from the full value of the consideration received or accruing as a…
Author: Edward Heckman
Option Selling Explained with Examples in Laymen Language
Basically, Option Buying happens when an investor expects the price of a Share to increase. Whereas Option Selling happens when he expects price of the share to fall. So here comes the…
An Expert Analysis on Book Building in Capital Markets
Book building is a technique used for marketing a public offer of equity shares of a company. It is a way of raising more funds from the market. After the start of…
Lavish Lifestyle Hurting Sunny Hostin’s Net Worth (FORBES)
Profile Sunny Hostin American lawyer, Television Host and Journalist $7 Million $3 Million (30%) Real Time Net Worth#49 in TV Hosts today Sunny Hostin has a net worth of $7 million as…
TDS on Interest other than Interest on Securities
Who is liable to deduct tax [Section 194A(1)] The person (other than an individual or a Hindu Undivided Family) who is responsible for paying to a resident any income by way of…
TDS on Payment of Life Insurance Policy [Section 194DA]
What is Section 194DA? Any person responsible for paying to a resident any sum under a life insurance policy (including the sum allocated by way of bonus) shall deduct the tax at…
Section 32AD: Deduction for investment in new plant and machinery
Manufacturing unit eligible for deduction @ 15% of actual cost of new asset being eligible plant and machinery [Section 32AD(1)] An additional investment allowance of an amount equal to 15% of the…
Unabsorbed Depreciation or Losses [Section 115JB(3)]
Even where the book profits liability is imposed, the amounts of business loss, unabsorbed depreciation, investment allowance, etc., at the beginning of the accounting year are to be adjusted and set off…
Ted Turner’s Net Worth and Affairs Settlements
Profile Robert Edward Turner III American entrepreneur and Television Producer $2.6 Billion $3.9 Billion (60%) Real Time Net Worth#1 in Media today Ted Turner has a net worth of $2.6 billion USD…
Charlie Chaplin’s $450 Million Wealth at Death
At the time of his death in 1977, Charlie Chaplin’s net worth was $450 million in today’s money adjusted inflation, making him one of the wealthiest entertainers of all time. Chaplin was…