CAPITAL GAINS (Law, Practice & Litigation)

PART I

THE CHARGING ARCHITECTURE

Chapter 1       Chargeability of Capital Gains

Chapter 2       Understanding Capital Asset

Chapter 3       What Constitutes ‘Transfer’

Chapter 4       Transactions Not Regarded as Transfer

Chapter 5       Year of Taxability of Capital Gains

PART II

THE COMPUTATION ENGINE

Chapter 6       Mode of Computation of Capital Gains

Chapter 7       Full Value of Consideration

Chapter 8       Cost of Acquisition

Chapter 9       Cost of Improvement

Chapter 10     Expenditure on Transfer

PART III

SPECIAL COMPUTATION REGIMES

Chapter 11     Special Cases of Computation — Market Linked Debentures, Specified Mutual Funds, Unlisted Bonds and Slump Sale

Chapter 12     Capital Gains in Corporate & Complex Transactions —Liquidation, Buyback, Conversion and Indirect Transfers

Chapter 12A  Business Trust Capital Gains

PART IV

REINVESTMENT EXEMPTIONS

Chapter 13     Capital Gains on the Residential House — Reinvestment Exemptions, the ₹10 Crore Cap and the Section 86 Trap

Chapter 14     Capital Gains on Agricultural Land and Compulsory Acquisition — The Three-Layer Framework, the RFCTLARR Carve-out and the Industrial Undertaking Exemption

Chapter 15     Investment-Based Exemptions  (Specified Bonds — The ₹50 Lakh Route) — The Six-Month Window, the Aggregate Cap and the Five-Year Lock-in

Chapter 16     Exemption on Shifting of Industrial Undertaking — Urban to Non-Urban (Section 87) and Urban to
Special Economic Zone (Section 88)

Chapter 17     Withdrawal of Exemption — Section 71 and the Consolidated Clawback Architecture

Chapter 17A  Capital Loss Set-off and Carry-Forward Framework

PART V

TAX RATES

Chapter 18     Tax Rates on Capital Gains — Sections 196, 197 and 198 of the Income-tax Act, 2025

 

PART VI

PROCEDURAL INFRASTRUCTURE

Chapter 19     Documentation and Reporting Requirements

Chapter 20     Reference to Valuation Officer — Section 91

PART VII

LITIGATION & CASE STUDIES

Chapter 21     Litigation Strategy and Judicial Principles

Chapter 22     Case Studies and Real-Life Scenarios

PART VIII

PRACTITIONER REFERENCE

Chapter 23     FAQs for Professionals

Chapter 24     Professional Checklists

APPENDICES

Appendix A

                          Complete Section Mapping                         

Appendix B

                     Tax Rate Chart — Capital Gains                    

Appendix C

                       Capital Gains Account Scheme                      

Appendix D

                             Key Judicial Precedents                            

Abbreviations