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Method of Computation

Income Tax - Capital Gains - 06 - SEC 48: OF CAPITAL GAINS Computation of capital gain depends upon the nature of capital asset transferred i.e. short term capital asset or long term capital asset. The tax incidence is higher in the case of short term capital gain as compared to long term capital gain. Computation of SHORT TERM CAPITAL GAIN Find out full value of consideration (See Note 1 for Details) Deduct the following: expenditure incurred wholly and exclusively in connection with such trans .....

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