Form No. 5C under Rule 8AB of the Income-tax Act, 1961 is used to report details of the amount attributed to capital assets remaining with a specified entity. It captures essential information such as the entity’s name, PAN, assessment year, taxable amount under section 45(4), and asset-wise attribution including book value and revalued amounts. This form ensures accurate reporting of capital asset allocations and supports transparency and compliance in capital gains taxation.
Source: https://incometaxindia.gov.in
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[MBA in Finance]
Nazim Khan is an expert in Microsoft Excel. He teaches people how to use it better. He has been doing this for more than ten years. He is running this website (TechGuruPlus.com) and a YouTube channel called "Business Excel" since 2016. He shares useful tips from his own experiences to help others improve their Excel skills and careers.
