Practical Guide to Capital Gains Tax (Securities Transaction Tax and Gift Tax) (As amended by the Finance Act, 2024)

As amended by the Finance Act, 2024
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Contents

Chapter 01.  Introduction
Chapter 02.  Capital Asset
Chapter 03.  Transfer of Capital Asset
Chapter 04.  Transactions Not Treated as Transfer
Chapter 05.  Capital Gains v. Business Income
Chapter 06.  Computation of Capital Gains - Section 48, 49, 51 and 55
Chapter 07.  Cost of Acquisition
Chapter 08.  Cost of Improvement
Chapter 09.  Indexation
Chapter 10.  Capital Gain and Valuation for Stamp Duty -  Section 50C
Chapter 11.  Full Value of Consideration for Transfer of shares other than quoted shares (Section 50CA)
Chapter 12.  Land and Building held as Business Assets and Stamp Duty Valuation
Chapter 13.  Joint Development Agreement
Chapter 14.  Special provisions for tax on transfer of virtual digital assets
Chapter 15.  Overview of Exemption From Capital Gain Tax  - Sections 54 to 54H
Chapter 16.  Agriculture Land and Capital Gain  (Section 54B)
Chapter 17.  Transfer of Residential Property and Exemption - Section 54
Chapter 18.  Transfer of any Long-term Capital Asset (Up to 31-3-2018) Transfer of Land and Building
                         (From 1st April, 2018 and Exemption - Section 54EC.
Chapter 19.  Exemption from Capital Gain on Investment in Mutual Fund Units Section 54EE.
Chapter 20.  Transfer of Any Capital Asset and Purchase of Residential House  Section 54F
Chapter 21.  Sale of Residential Property and Investment in Shares - Section 54GB
Chapter 22.  Compulsory Acquisition of an Industrial Undertaking - Section 54D
Chapter 23.  Shifting of Industrial Undertaking - Section 54G
Chapter 24.  Shifting of Industrial Undertaking from Urban area to Special Economic Zone (Section 54GA)
Chapter 25.  Transfer of Listed Securities and Exemption - Section 54ED
Chapter 26 . Extension of Time to Acquire Assets - Section 54H
Chapter 27.  Capital Gains Accounts Scheme
Chapter 28.  Compulsory Acquisition - Section 45(5)
Chapter 29.  Insurance Amount Received and Capital Gain - Section 45(1A)
Chapter 30.  Depreciable Assets and Capital Gain - Sections 50 and 50A
Chapter 31.  Conversion of Capital Asset - Sections 45(2), 2(22B) and 2(47)
Chapter 32.  Conversion of Stock-in-trade into Capital Asset
Chapter 33.  Shares and Securities and Capital Gain
Chapter 34.  Securities Transaction Tax
Chapter 35.  Slump Sale - Sections 2(42C) and 50B
Chapter 36.  Non-residents and Capital Gain - Sections 48, 115F, 115AB, 115AC, 115AD and 115E
Chapter 37.  Partnership and Capital Gains - Sections 45(3) and 45(4)
Chapter 38.  Limited Liability Partnership and Capital Gains
Chapter 39.  Reference to Valuation Officer - Section 55
Chapter 40.  Tax Deducted at Source on Sale of Immovable Properties Section 194-IA
Chapter 41.  Payment under Specified Agreement (Section 194-IC)
Chapter 42.  TDS on Payment of Compensation on Acquisition of Immovable Property - Section 194LA
Chapter 43.  Capital Gain and Advance Tax - Sections 207 to 211
Chapter 44.  Set Off and Carry Forward of Capital Loss - Sections 70, 71, 74 and 139(3)
Chapter 45.  Capital Gain on ESOPs, Sweat Equity, Buy-back of Shares and Demat Securities
Chapter 46.  Capital Gains and Double Tax Avoidance Agreements
Chapter 47.  Reverse Mortgage
Chapter 48.  Indirect Transfer
Chapter 49.  International Financial Services Centre
Chapter 50.  Commodities Transaction Tax
Chapter 51.  Income Tax Rates
Chapter 52.  Gift - Taxable as Deemed Income (Applicable to the Transactions Taken Place up to 31-3-2017)
Chapter 53.  GIFT - Taxable as Deemed Income (Applicable to the Transactions Taken Place from 1-4-2017)
Appendix
1. Capital Gains Deposit Scheme
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Author Details
PL. Subramanian B.Com., A.C.A., C.A.I.I.B.