How To Save Tax On Capital Gains

Capital gains is one of the five heads of income chargeable to tax. This book shows how you can save tax on your capital gains through an analysis of both the various relevant tax provisions and all the exemptions and deductions you can avail of:1.What is a capital asset2.What constitutes "transfer" of a capital asset: transactions not constituting transfer of capital assets3.Distinction between long-term and short-term capital gains: a very important point since very few exemptions are available in the case of the latter4.Deductions you can make in relation to the Cost Inflation Index5.Special deductions available on the transfer of a residential house6.How to benefit from carry-forward or set-off of capital loss7.When is agricultural land a capital asset — and when it is not8.Computation of capital gain for a depreciable asset9.Capital gains exemption on personal effects10.Year of taxability of capital gains of different assets.