Taxation of Capital Gains (As Amended by the Finance Act, 2024)

Covering Cost Inflation Index for the Year 2024-25 notified on 24.05.2024
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Description
it is with pride and pleasure that we place before our readers the Eighteenth edition of our book "Taxation of Capital Gains" Like all other tax laws, the law governing taxation of capital gains is a complex one. The literature available on the subject is also very confusing and complex that every taxpayer is faced with the problem of computing the capital gains. It is in this background that we have prepared this book so that the tax payer can find a ready solution to the intricate problems which he faces. The book has been written in an easy to understand manner to enable a quick grasp This book is comprehensive and is the latest book on the subject. The law stated in the book is as amended by the Finance Act, 2021. All important cases reported upto end of March, 2021 have been incorporated. The illustrations have been solved for the assessment year 2021-22 We acknowledge the efforts put in by Sh. Sandeep Garg, Ms Sunita Kackar and the entire team of M's Commercial Law Publishers (India) Pvt. Ltd. in bringing out the book in a very precise time and with excellent quality.
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Contents
Chapter 1 : Framework of Capital Gains Tax
Chapter 2 : Chargeability of Capital Gains
Chapter 3 : Types of Capital Assets and Gains
Chapter 4 : Capital Gain Arises only on Transfer of a Capital Asset
Chapter 5 : Computation of Capital Gains
Chapter 6 : Capital Gain in Case of Amount Received from an Insurer on Account of Damage or
                         Destruction of any Capital Asset
Chapter 7 : Profits or Gains Arising from Receipt of any Amount under a Unit Linked
                         Insurance Policy on
Chapter 8 : Capital Gain on Conversion of Capital Asset into Stock-in-Trade
Chapter 9 : Capital Gain on Transfer of Capital Asset by a Partner/Member to a Firm/AOP, etc.
                        and by a Firm, etc., to the Partner/Member
Chapter 10 : Capital Gain on Transfer by Way of Compulsory Acquisition of an Asset
Chapter 11 : Capital Gain Conversion of Debentures into Shares/Debentures
Chapter 12 : Capital Gains on Distribution of Assets by Companies in Liquidation
Chapter 13 : Capital Gain on Assets which have no Cost of Acquisition
Chapter 14 : Capital Gain on Transfer of Depreciable Assets
Chapter 15 : Computation of Capital Gain in Cases of Business Reorganisation
Chapter 16 : Computation of Capital Gains in Real Estate Transactions
Chapter 17 : Capital Gain in Case of Development/Collaboration Agreements
Chapter 18 : Capital Gain in Case of Transfer of Securities
Chapter 19 : Capital Gain in Case of Buy Back of Shares
Chapter 20 : Capital Gain on Transfer of Specified Security or Sweat Equity share
Chapter 21 : Capital Gain on Conversion of a Company to Limited Liability Partnership
Chapter 22 : Taxation of Capital Gain on Transfer of Property Received without consideration
                         or for Inadequate Consideration, if Sold Subsequently
Chapter 23 : Transfer of Securities by Depository
Chapter 24 : Capital Gain for Non-Residents
Chapter 25 : Reference to Valuation Officer
Chapter 26 : Exemption of Capital Gains
Chapter 27 : Miscellaneous Provisions
Chapter 28 : Set off or Carry Forward and Set off of Capital Losses
Chapter 29 : Computation of Tax on Long-term Capital Gains and on Short-term Capital Gains in
                         Certain Cases
Chapter 30 : Advance Payment of Tax in Case of Capital Gains
Chapter 31: Issues Relating to Certain Amendments made by the Finance (No. 2) Act, 2024
Appendix 1 : Capital Gains Accounts Scheme, 1988
Appendix 2 : Rural Agricultural Land
Appendix 3 : Relevant Circulars and Notifications
Appendix 4 : Relevant Forms
Appendix 5 : Recent Judicial Decisions
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Author Details
Dr. Girish Ahuja, did his graduation and post-graduation from Shri Rom College of Commerce and was a position holder. He got his Ph.D. from Family of Management Studies, University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years. He is a Fellow of the Institute of Chartered Accountants of India (ICAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India (ICSI) and various management institutes. He had been nominated by the Government to the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of ICAI and Editorial Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation.
Dr. Ravi Gupta, did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is n faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry- He has been a visiting faculty member at The Indian Law Institute. The Institute of Company Secretaries of India, MFC' (South Campus Delhi University), MD1 and various other Management Institutes.