Articles by Ritik Chopra

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What are Liquid Mutual Funds?

Ritik Chopra 29 September 2021 at 09:29

In this article, the author explains the meaning of liquid mutual funds, their suitability and their advantages.

What are Mutual Funds?

Ritik Chopra 25 September 2021 at 13:14

In case of mutual funds, the mutual fund professional will take decisions on your money that is invested in the mutual fund. A mutual fund company takes money from people who are interested and re-invests.

What is Grey Market Premium (GMP)?

Ritik Chopra 24 September 2021 at 16:11

GMP stands for grey market premium. It is a term used to estimate the price at which the IPO share would be listed in the market. This grey market operates before the listing and it starts from the IPO start date.

7 Steps to Analyse an IPO

Ritik Chopra 22 September 2021 at 15:44

We all know that the season of IPO is going on with many companies coming up with IPO's and many more to come. This has created a lot of buzz and left many people confused as to such which IPO to apply for and which to leave. In this article, I have tried to come up with pointers to look out for when you want to analyse an IPO.

What is an IPO?

Ritik Chopra 20 September 2021 at 14:44

In a layman's language an initial public offer or an IPO is the first time when a company issues shares to Public. Before an IPO a company generally has few shareholders but when it decides to get listed on a stock exchange and to go public it takes the route of IPO.

What is not included in the definition of Capital Asset?

Ritik Chopra 11 September 2021 at 09:35

While computing income under the head income from capital gains, the most important thing to understand is the definition of a capital asset. However, let us discuss certain assets which are not considered capital assets.

Section 48: Method Of Computing Capital Gain

Ritik Chopra 06 September 2021 at 13:36

The income chargeable under “Capital gains” shall be computed by deducting the amounts discussed in this article from the full value of the consideration received or accruing as a result of the transfer of the capital asset.

Section 44 AE: Profit from the business of carriage of goods for truck owners

Ritik Chopra 03 September 2021 at 09:39

To provide relief to persons who are engaged in the business of plying, hiring or leasing goods carriages Section 44 AE of the Income Tax Act was introduced.

Calculation Of Capital Gain In Special Cases

Ritik Chopra 01 September 2021 at 09:53

Discussing Calculation Of Capital Gain In Special Cases like Amount received from Insurer, Deemed Transfer, and Transfer of Capital Assets by a person to firm, AOP or body of individuals, etc.

Section 44AD: Computation of Income on presumptive Basis

Ritik Chopra 26 August 2021 at 09:39

Under Section 44AD, small taxpayers with less than 2 crores of turnover are not required to maintain books of accounts and their profits are presumed to be 8% of their turnover.