TaxTMI 
TaxTMI 
Meaning of Capital Asset - Section 2(14)
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....ulations made under the SEBI Act, 1992 any securities held by- * (i) a Foreign Institutional investor which has invested in such securities in accordance with the regulations made under the Securities and Exchange Board of India Act, 1992; or * (ii) an investment fund specified in clause (a) of Explanation 1 to section 115UB which has invested such securities in accordanc....
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....by the assessee or any member of his family dependent on him, but excludes- * Jewellery * Archaeological collections * Drawings * Paintings * Sculptures or * Any work of art (Hence (a) to (f) are capital assets) Notes: * Jewellery Means is a capital ....
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....t constitute personal effects. Agricultural land in rural area in India: Rural area for the above purpose is as follows - Form the Assessment year 2014-15 - Any area which is outside the jurisdiction of a municipality or cantonment board having a population of 10,000 or more and also which does not fall within distance (to be measured aerially) given below - 2 km from the local limits of muni....
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....: 'Property' includes and shall be deemed to have always included any rights in or in relation to an Indian Company, including rights of management or control. Example Sr. No. Area Shortest aerial distance from the local limits of a municipality or cantonment board referred to in Item (a) Population according to the last preceding census of which the relevant figures have been pub....