capital in the demerged company). Explanation 1.—The expression "accumulated profits", wherever it occurs in this clause, shall not include capital gains arising before ... 29AA)] "long-term capital asset" means a capital asset which is not a short-term capital asset ; (29B) "long-term capital gain" means capital gain
Profits and gains of business or profession" or under the head "Capital gains" and claims that the loss or any part thereof should be carried
received by a specified fund as a result of transfer of capital asset referred to in clause (viiab) of section 47, on a recognised stock ... from a securitisation trust which is chargeable under the head "Profits and gains of business or profession", to the extent such income accrued or arisen
accordance with the provisions of section 86; or (A) the capital gains arising on transactions in securities; or (B) the interest, [dividend,] royalty or fees ... arising to an assessee, being a foreign company, from,— (A) the capital gains arising on transactions in securities; or (B) the interest, [dividend,] royalty
consideration is utilised in acquiring the new capital asset, the whole of such capital gain; (ii) where only a part of the net consideration ... utilised for acquiring the new capital asset, so much of such capital gain as is equal to the amount, if any, by which the amount
carry on any business, which is chargeable under the head "Capital gains"; (ii) any sum received as compensation, from the multilateral fund of the Montreal
shortfall on those dates; (b) an assessee who declares profits and gains in accordance with the provisions of sub-section (1) of section 44AD ... under-estimate or failure to estimate— (a) the amount of capital gains; or (b) income of the nature referred to in sub-clause
they includes capital gains". Section 45
provides that any profits or gains arising from the transfer
of a capital asset effected in the previous ... value of the consideration for the transfer of the
capital asset and compute the capital gains on that basis.
No more is necessary
would be the income of the recipient chargeable under the head "Capital gains") for- (i) the transfer of all or any rights (including the granting
Income Tax Act, 1961
45. Capital gains.
(1) Any profits or gains arising from the transfer of a capital asset effected in the previous year ... section 80CCB and the capital value of such units shall be deemed to be the capital gains arising to the assessee in the previous year
