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Sections 74–75 — Capital Gains on Depreciable Assets & the "Block of Assets" Concept
: Sections 74–75 — Capital Gains on Depreciable Assets
& the "Block of Assets" ConceptSection AnalysisSections 74 and 75 carve out a special computation regime
for assets on which depreciation has been claimed ...
Firm-Partner Transactions — Admission, Retirement & Dissolution: The Complete Case Law Analysis
Firm-Partner Transactions — Admission,
Retirement & Dissolution: The Complete Case Law AnalysisSection AnalysisTransactions between a firm and its partners — admission of
a new partner with capital contribution...
Section 77 — Slump Sale Taxation: The Net Worth Method Explained
Section 77 — Slump Sale Taxation: The Net
Worth Method ExplainedSection AnalysisSection 77 governs the taxation of a slump sale — the
transfer of one or more entire business undertakings for a lump-sum
considerati...
Section 76 — Capital Gains on Market Linked Debentures & Specified Mutual Funds
Section 76 — Capital Gains on Market Linked
Debentures & Specified Mutual FundsSection AnalysisSection 76 addresses a category of investment product that
was specifically carved out of the general (often more fav...
Section 73 — Cost of Acquisition for Gifted, Inherited & Specially-Acquired Assets
Section 73 — Cost of Acquisition for Gifted, Inherited
& Specially-Acquired AssetsSection AnalysisSection 73 addresses a fundamental question: what is the
"cost of acquisition" when an asset wasn't purchased in t...
Capital Gains Exemptions on Agricultural Land, Compulsory Acquisition & Industrial Relocation (Sections 83, 84, 87 & 88) — Case Law Analysis
Capital Gains Exemptions on Agricultural
Land, Compulsory Acquisition & Industrial Relocation (Sections 83, 84, 87
& 88) — Case Law AnalysisSection AnalysisThis final article in the series covers four related...
Section 72 — Mode of Computation of Capital Gains: The Complete Formula Explained
Section 72 — Mode of Computation of Capital Gains: The
Complete Formula ExplainedSection AnalysisSection 72 lays down the actual computation formula for
capital gains, carried forward from Section 48 of the 1961 Act:...
Capital Gains on Sale of Shares & Securities — Including Indirect Transfer and the Vodafone Doctrine
Capital Gains on Sale of Shares &
Securities — Including Indirect Transfer and the Vodafone DoctrineSection AnalysisCapital gains on the sale of shares and securities are
computed under the same core Section 67 c...
Section 71 — Withdrawal of Exemption in Certain Cases: How the Clawback Mechanism Works
Section 71 — Withdrawal of Exemption in Certain Cases:
How the Clawback Mechanism WorksSection AnalysisSection 71 is the enforcement counterpart to Section 70. It
provides that where a transaction was treated as "not...
Stamp Duty Valuation as Deemed Sale Consideration — Section Analysis with Case Laws
Stamp Duty Valuation as Deemed Sale
Consideration — Section Analysis with Case LawsSection AnalysisThe Income-tax Act, 2025 carries forward the deeming fiction
previously found in Section 50C of the 1961 Act (referre...