Viewpoint | Understanding Capital Gains tax and its application in India

Viewpoint | Understanding Capital Gains tax and its application in India

Ishita Sengupta "Begin at the beginning," the King said, very gravely, "and go on till you come to the end: then stop". – Alice in Wonderland Capital gains taxation in India comprises a maze of provisions these days. With the interplay of sections in the Income-tax Act, 1961 and related rules, and the range of factors and amendments brought in by bits and pieces, it is indeed difficult to gauge whether we are at the beginning or at the end of the maze. Quite simply, capital gain or loss is the difference between the sale consideration and the cost […]

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