Tax Management India .com TMI - Tax Management India. Com   
Home Acts & Rules Income Tax Income-tax Act, 1961 Chapters List Chapter = COMPUTATION OF TOTAL INCOME - E. - Capital gains
← Previous Next →
  • Login
  • Referred In

Please Login

User Login
Stay sign in     

New User / Regiser    -    Forget password


Section 48 - Mode of computation - Income-tax Act, 1961

Income-tax Act, 1961

1 Mode of computation. 48. The income chargeable under the head "Capital gains" shall be computed, by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset the following amounts, namely - (i) expenditure incurred wholly and exclusively in connection with such transfer; (ii) the cost of acquisition of the asset and the cost of any improvement thereto Provided that in the case of an assessee, who is a non-resident, capital gains arising from the transfer of a capital asset being shares in, or debentures of, an Indian company shall be computed by converting the cost of acquisition, expenditure incurred wholly and exclusively in connection with such transfer and the fu ....... - .......


  what is new what is new


|| About us || Contact us || Feed Back || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map || || ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Website