Computation of Income from Capital Gains

Computation of Income from Capital Gains is a focused and authoritative guide addressing one of the most critical areas of direct taxation. The book provides a structured analysis of the legal framework governing capital gains, including the nature of capital assets, transfer mechanisms, period of holding, and cost computation.

Covering Sections 45 to 55A of the Income Tax Act, 1961, the book explains the computation of long-term and short-term capital gains, indexation benefits, valuation rules, and treatment of special transactions such as slump sales, compulsory acquisitions, and joint development agreements. It also discusses applicable exemptions and deductions, enabling readers to optimize tax outcomes while ensuring compliance.

Designed for practical use, the book bridges statutory provisions with real-world application, making complex capital gains calculations easier to understand and apply. It is an indispensable reference for professionals and students dealing with capital asset taxation.