Taxation of Capital Gains

Taxation of Capital Gains stands as one of the most comprehensive and widely respected treatises on capital gains taxation in India. The 2026 Edition crosses a significant threshold: it is the first edition to span two coexisting statutory frameworks simultaneously—the Income-tax Act 1961 and the newly enacted Income-tax Act 2025—both as amended by the Finance Act 2026. The book represents a complete, practitioner-grade reference that integrates statutory text, judicial decisions, CBDT Circulars and Notifications, worked illustrations, and the author’s own considered views on interpretational controversies.

This Edition is engineered to operate seamlessly in both statutory environments—every chapter opens with a dual-column cross-reference table mapping 1961 Act provisions to their 2025 Act counterparts, and the detailed preliminary pages contain a comprehensive master cross-reference spanning the entire capital gains framework.

The book is structured to answer every question a practitioner may encounter—from foundational definitional matters through computation mechanics, exemptions and rollover reliefs, tax rates, loss treatment, and a range of specialist topics including family arrangement and settlement, NRI taxation, slump sale, intangible assets, charitable trusts, joint development agreements, depreciable assets, buyback of shares, and ULIPs. The author does not merely restate the law. Throughout the work, he explicitly flags interpretational controversies, analyses conflicting Bench decisions, identifies legislative gaps, and offers his own views with reasoning, making this as much a practitioner’s analytical companion as it is a statutory commentary.