Section 81 Income Tax Act 2025 Advance money received. 81. Where any capital asset was, on any previous occasion, the subject of negotiations for its transfer, any advance or other money received and retained by the assessee in respect of such negotiations— (a) shall be deducted from the cost for which the asset was acquired or… Read More »
Section 80 Income Tax Act 2025 Fair market value deemed to be full value of consideration in certain cases. 80. If the consideration received or accruing from the transfer of a capital asset is not ascertainable or cannot be determined, its fair market value on the date of transfer shall be deemed to be the… Read More »
Section 79 Income Tax Act 2025 Special provision for full value of consideration for transfer of share other than quoted share. 79. (1) If the consideration received or accruing from the transfer of a capital asset, being share of a company other than a quoted share, is less than the fair market value of such share… Read More »
Section 77 Income Tax Act 2025 Special provision for computation of capital gains in case of slump sale. 77. (1) Any profits or gains arising from the slump sale effected in the tax year shall be chargeable to income-tax as long-term capital gains and shall be deemed to be the income of the tax year in… Read More »
Section 78 Income Tax Act 2025 Special provision for full value of consideration in certain cases. 78. (1) If the consideration received or accruing from the transfer of a capital asset, being land or building or both, is less than the stamp duty value, then, for the purposes of section 72, the stamp duty value shall be deemed… Read More »
Section 76 Income Tax Act 2025 Special provision for computation of capital gains in case of Market Linked Debenture. 76. (1) Irrespective of anything contained in section 2(101) or section 72, the gains on the transfer or redemption or maturity, of a capital asset as mentioned in sub-section (2) shall be treated as short-term capital gains and shall be… Read More »
Section 75 Income Tax Act 2025 Special provision for cost of acquisition in case of depreciable asset. 75. If depreciation has been obtained under section 33(2) for a capital asset in any tax year, the provisions of sections 72 and 73 shall apply subject to the modification that the written down value, as defined in section 41, of the asset, as adjusted, shall… Read More »
Section 74 Income Tax Act 2025 Special provision for computation of capital gains in case of depreciable assets. 74.(1) Irrespective of anything contained in section 2(101), for a capital asset forming part of a block of assets on which depreciation has been allowed under the Indian Income-tax Act, 1922 (11 of 1922) or under the Income-tax Act,… Read More »
Section 73 Income Tax Act 2025 Cost with reference to certain modes of acquisition. 73. (1) In the case of a capital asset specified in column B of the Table below,the cost of acquisition of the asset shall be deemed to be the cost as mentioned in column C of the said Table. Table Sl.… Read More »
Section 72 Income Tax Act 2025 Mode of computation of capital gains. 72. (1) Income chargeable under the head “Capital gains” shall be computed, by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset, the following amounts:— (a) expenditure incurred wholly and exclusively in… Read More »