Capital Gains (Law and Practice) with Illustrations and Judicial Precedents (As amended by the Finance Act, 2024)

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Description
It is indeed my pleasure to be presenting the fifth edition of Capital Gains. Capital gains taxation, as you would have noticed, is one of the most potent tools available with Governments world over to drive their public policy priorities, especially in connection with their relationship with the external economies. Countries like Singapore, Mauritius, etc. have kept capital gains tax Zero rated to promote global investors to set up shop - clearly the Government's focus is to promote their jurisdictions as global investor friendly hubs. India is one of the most active proponents for using taxation as a tool to augment revenues and, of course, aid policy initiatives. Amidst the news about possible significant reform in the capital gains taxation, including removal of special tax rates for capital gains, there have been some important amendments in the Finance Act, 2023. The restriction of exemption on reinvestment in residential house property to Ten crores and the introduction of new section 50AA to tax capital gains on Specified Mutual Funds as short term capital gains are significant. The number of amendments through the Finance Act, 2023 has been limited when compared with earlier years. The amendments through Finance Act, 2023 and the impact of MLI on DTAAS have been discussed in detail in this book.
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Contents
Chapter 1:    Basics of Capital Gains
Chapter 2:    Business Transactions
Chapter 3:    Business Restructuring
Chapter 4:    Real Estate Transaction
Chapter 5:    Shares and Securities Transaction
Chapter 6:    Exempted Transfers
Chapter 7:    Exemptions
Chapter 8:    Taxation for Non-residents
Chapter 9:    Miscellaneous Transactions
Chapter 10:  Set off Carry forward of Losses
Chapter 11:   Capital Gains under Double Taxation Avoidance Agreements and Multi-lateral
                        Instrument
Chapter 12:  Relevant Sections and Rules of Income Tax and Other Statutes
Chapter 13:  Relevant Circulars and Notifications
Chapter 14:  Capital Gains Accounts Scheme, 1988
Chapter 15:  Judicial Precedents
Glossary
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Author Details
Divakar Vijayasarathy, founder and managing partner of DVS Advisors, is a chartered accountant and ex-banker, with strong passion towards domestic and international taxation law. An ex-banker with significant exposures on both domestic and international markets, founded the firm with a single-minded objective to provided value added cross border services to mid and large businesses having global aspirations.
A passionate orator and professor on the subject of international and domestic taxation laws, he has presented numerous seminars across various professional and institutional forums. He has authored more than 15 books most of which have been national publications and has been part of several study groups constituted by various committees of the Institute of Chartered Accountants of India. A renowned expert on the subject of international tax, he is part of the expert team of ICAI for the certified course on International Taxation . He is a regular columnist and expert consultant for various national publications in India.
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