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Direct Tax Laws & International Taxation

Ch 2 · Capital Gains — Advanced

5 concept points · 4 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

📘 Core concepts

  1. 1STCG / LTCG distinction by holding period (12/24/36 months varies).
  2. 2Sec 112A: LTCG on listed equity > ₹1 lakh @ 10% (no indexation, with STT).
  3. 3Sec 111A: STCG on listed equity @ 15%.
  4. 4Sec 50 — depreciable assets: gains always STCG (block of asset concept).
  5. 5Exemptions: 54 (residential house), 54B (agri), 54EC (bonds ₹50L), 54F (any LTCA → res house).

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