1031 Tax Deferred Exchange
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1031 exchange - A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code. This code specifies that if an asset, usually some form of real estate such as land or a building, is sold and the proceeds of the sale are then reinvested in a like kind of an asset then no gain or loss is recognized, allowing the deferment of capital gains taxes.
Tax advantage - Tax advantage refers to the economic bonus which applies to certain accounts or investments that are, by statute, tax-reduced, tax-deferred, or tax-free. The most obvious examples are Retirement plans, but investments in many state or municipal bonds can also be exempt from certain taxes.
Economy of Mumbai - Mumbai is the commercial capital of India, contributing 10% of factory employment, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and rupees 40,000 crore (US $9 billion) in corporate taxes. Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group and Reliance ...
Cash taxes - Cash taxes refer to the amount paid in a period towards tax obligations. To arrive at this figure, change in deferred tax for the period is to be adjusted to the total tax amount.
1031taxdeferredexchange
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