Computation of Income from Capital Gains

Computation of Income from Capital Gains

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Author : Ram Dutt Sharma
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Computation of Income from CAPITAL GAINS As Amended by Finance Act, 2023

Authored by Ram Dutt Sharma, this 6th Edition (2023) offers a comprehensive and practical exposition on the computation, taxation, and legal interpretation of Capital Gains under the Income Tax Law. Updated as per the Finance Act, 2023, the book serves as an indispensable guide for tax professionals, corporate accountants, legal practitioners, and students of taxation.


The work meticulously explains the statutory provisions governing capital gains, covering both movable and immovable assets, securities, business assets, and other categories of capital assets. It integrates legislative analysis with procedural guidance, CBDT circulars, and landmark judicial rulings to ensure accuracy and practical applicability.


The content spans:

• Concept and scope of “Capital Asset” and “Transfer” under the Income Tax Act

• Computation mechanism for short-term and long-term capital gains

• Determination of cost of acquisition and cost of improvement

• Indexation provisions and special cases of computation

• Taxability on transfer of immovable property, shares, mutual funds, and other securities

• Capital gains arising from business reorganisations, amalgamations, and compulsory acquisitions

• Exemptions under Sections 54, 54B, 54EC, 54F, 54GB, and related provisions

• Set-off and carry forward of capital losses

• Tax deduction at source on certain transfers

• Special provisions for non-residents, including NRI investments and real estate transactions

• Recent judicial interpretations shaping capital gains taxation

• Practical illustrations and computation examples for better clarity


This edition is particularly suitable for:

• Chartered accountants and tax advisors involved in capital gains computation and planning

• Advocates handling capital gains litigation and advisory work

• Corporate finance professionals managing asset restructuring and compliance

• Students preparing for CA, CS, CMA, and other professional exams with a focus on direct taxation


By blending statutory precision with practical insights, this edition serves as a reliable reference for mastering the complexities of capital gains taxation under the Indian Income Tax Law.

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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About the author

Ram Dutt Sharma

Ram Dutt Sharma

Ram dutt sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduate from M.D. University, Rohtak in 1980. He Join the Income Tax Department in the year 1983 and retired as Income Tax Officer on 30-06-2018, He Worked at Various Stations of North-West Region of Income Tax Department. He has wide Experience of all wings of Income Tax Department such as Assessment Units Special Range, TDS Wing, Investigation Wings etc. He has been Contributing articles and addressing on Topics Relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars Organized by the Income Tax Department, Chartered Accountants Advocate and various Trade Associations.

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