Taxation of Capital Gains (Finance Act 2022)

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Description
Also Incorporating
► Exhaustive analysis on Family Settlement/Arrangement
► Exemption under sections 54, 54B and 54F in case of investment in the name of relatives
► Taxability in the case of transactions between firm and
     partners post 2021 amendments to section 45 and other related sections
► Procedure to be adopted when NRI is transferor of capital asset
► Analysis of the RFCTLARR Act 2013
► Detailed discussion on taxability of interest received on compensation on acquisition of agricultural land

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Contents  
Chapter 1    Which income is taxable under the head "Capital gains"
Chapter 2    What is 'Capital asset'?
Chapter 3    Types of Capital Assets: Short-Term Capital Assets and Long-Term Capital Assets
Chapter 4    What is 'transfer'?
Chapter 5    Which transfers do not give rise to taxable capital gains
Chapter 6    Year of taxability of capital gains
Chapter 6A  Taxation of Unit Linked Insurance Policy
Chapter 6B  Transactions Between a Firm and its Partner or between an AOP/BIO and its Members
Chapter 7     Computation of capital gains - Short-term capital gains and long-term
                         Capital gains
Chapter 8      How to compute full value of consideration
Chapter 9      What is expenditure on transfer of capital
Chapter 10    What is cost of acquisition?
Chapter 11    What is cost of improvement?
Chapter 12    What is indexed cost of acquisition and indexed cost of improvement?
Chapter 13    Rollover deduction in respect of profit on sale of property used for
                          residence [Section 54]
Chapter 14    Deduction of rollover of Gain on transfer of land used for agricultural
                          purposes [Section 54B]
Chapter 15    Rollover deduction in respect of capital gain on compulsory acquisition of lands
                          and buildings [Section 54D]
Chapter 16    Rollover deduction in respect of investment of capital gains in specified bonds
                          [Section 54EC]
Chapter 16A  Should there beTaboo in Investment in Name of Relatives for SECS. 54, 54B and 54F Exemptions
Chapter 17     Capital Gains not to be charged on investment in units of a Specified Fund
Chapter 18    Deduction in respect of long term capital gain invested in residential house
                          [Section 54F]
Chapter 19    Tax incentives for Transfer of assets on shifting of industrial undertakings
                          from urban area/shifting of industrial undertaking from urban area to any
                          Special Economic Zone (SEZ) [Section 54G/54GA]
Chapter 20    Tax Exemption for Capital Gain from Sale of RESI-Dential Property if Invested in Capital of Start-up Company
Chapter 21    Power of CBDT to relax any requirement for claiming deductions
Chapter 22    Tax computation in respect of LTCG and STCG
Chapter 23    Tax Computation in Case of Long-term Capital Gains
Chapter 24    Long Term Capital Gains Tax on Listed Equity Shares, Unit of Equity-Oriented Mutual Funds and Units of Business Trusts
Chapter 25    Reference to Valuation Officer
Chapter 26    Loss under the head 'Capital gains'
Chapter 27    Distribution of assets by companies in liquidation
Chapter 28    How to Compute Capital Gains in Case of Buy-Back of Shares/Specified Securities
Chapter 29    Capital Gain on Intangible Assets
Chapter 28    Slump sale
Chapter 30    Capital gain on intangible assets
Chapter 31    Charitable trust and capital gains
Chapter 32    Capital gain in real estate transactions
Appendix 1 & 2
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Author Details
CA. S. Krishnan