Chargeability - Section 45

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..... , 54EB , 54F , 54G , and 54H . Exception to charging section Section 45(1) Exceptions to the rule that capital gain shall be chargeable to tax in the previous year in which transfer took place: Section 45(1A): Capital Gains on insurance claim on damage or destruction of capital assets is taxable in the year of receipt of claim from the insurance company although no asset has been actually transfer .....

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..... nits of mutual funds and the amount invested by the assessee, in such units issued for the purpose section 80CCB , shall be deemed to be the capital gains arising to the assessee in the previous year in which such repurchase takes place or plan is terminated and shall be taxed accordingly. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - .....

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