Section 48 MODE OF COMPUTATION OF CAPITAL GAINS



Section 48


MODE OF COMPUTATION OF CAPITAL GAINS

Computation of Short-Term Capital Gains

Computation of Short-Term Capital Gains

Full Value of Consideration (FVC)

Less: Expenditure incurred wholly and exclusively in connection with

transfer (like advertisement expenses, brokerage, legal expenses, selling commission, etc)

XXXX (XXXX)

Net Value of Consideration Less: Cost of Acquisition (COA)

Less: Cost of Improvement (COI)

XXXX (XXXX)

(XXXX)

Gross Short Term Capital Gains

Less: Exemption u/s 5413/54b (54/546EG/54EE/54F)

XXXX (XXXX)

Taxable short term capital gain(STCG)

XXXX


Fifth Provision to Section 48 - STT Not Allowed As Deduction:

Securities Transaction Tax ('STT) paid on sale of shares/units shall not be reduced from the sale proceeds and STT paid on purchase of shares/units shall not be added to the cost of acquisition of shares/units held as capital assets.

 

Computation of Long-Term Capital Gains

Computation of Loang-Term Capital Gains

Full Value of Consideration (FVC)

Less: Expenditure incurred wholly and exclusively in connection with

transfer (like advertisement expenses, brokerage, legal expenses,

XXXX (XXXX)


 

selling commission, etc)

 

Net Value of Consideration

Less: Indexed Cost of Acquisition (Indexed COA)

Less: Indexed Cost of Improvement (Indexed COI)

XXXX (XXXX)

(XXXX)

Gross Long Term Capital Gains

Less: Exemption u/s 5413/54b (54/546EG/54EE/54F)

XXXX (XXXX)

Taxable Long term capital gain(STCG)

XXXX

 

Fifth Provision to Section 48 - STT Not Allowed As Deduction:


Securities Transaction Tax ('STT) paid on sale of shares/units shall not be reduced from the sale proceeds and STT paid on purchase of shares/units shall not be added to the cost of acquisition of shares/units held as capital assets.


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#Section48MODEOFCOMPUTATIONOFCAPITALGAINS
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